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IPOE rises more than 50% after plans to merge SoFi
Social Capital Hedosophia Holdings Corp. V intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in the technology […]
SoFi to go public throughout merger with SPAC IPOE
Social Finance, an online consumer finance platform, said Thursday that it’s going public through a reverse merger using special purpose acquisition company Social Capital Hedosophia Corp.. V IPOE. The SPAC […]
Social Capital Hedosophia Holdings Corp. III to Trade on Nasdaq in Connection with its Proposed Business Combination with Clover Health.
Trading is expected to start on Nasdaq on January 8, 2021 under the new ticker symbol “CLOV” to your Clover Health Class A common stock and “CLOVW” for the Clover […]
PANA rises more than 5%
Panacea Acquisition, a blank check company formed by EcoR1 Capital targeting the biotech industry.
Paysafe SPAC merger with BFT (Foley Trasimene Acquisition II)
Foley Trasimene Acquisition Corp. II (NYSE: BFT, BFT WS) (“Foley Trasimene”), a special purpose acquisition company, and Paysafe Group Holdings Limited (“Paysafe”), a leading integrated payments platform, today announced they […]
What is a SPAC investment?
SPAC is a acronym for a Special Purpose Acquisition Company, essentially a publicly traded firm that has no operations, no resources – other than a war chest of cash — […]
How SPACs work
If the SPAC set-up appears to be a situation ripe for abuse it once was. Back in the 1980s, a great deal of fraud surrounded these blank check companies, since […]
Why SPACs are becoming popular
SPACs embarked on their newly commendable street in the mid-2010s. Their numbers swelled in 2020. As of early October 2020, SPACs have established 128 IPOs, raising a total of $49.1 […]
SPAC history
However, since 2003, when SPACs experienced their most recent resurgence, SPAC public offerings have arisen in a plethora of industries such as the public sector, mainly seeking to consummate deals […]
SPACs and reverse mergers
An IPO by means of a SPAC is similar to a typical reverse osmosis . But unlike conventional inverse mergers, SPACs arrive with a fresh public shell company, better economics […]