SPAC Archives - CFO

Symbotic to Go Public in $5.5B SPAC Deal

Symbotic to Go Public in $5.5B SPAC Deal

The company is seeking to accelerate its efforts to provide mobile robots to the warehouses of major retailers, grocers, and wholesalers.

By Matthew Heller | December 13, 2021

Grab Shares Slump After Mega-SPAC Merger

Grab Shares Slump After Mega-SPAC Merger

"We hope that our entrance into the global public market will help bring greater attention to the tremendous opportunity" in Southeast Asia.

By Matthew Heller | December 2, 2021

WeWork to Restate Due to Accounting Error

Financial Reporting

WeWork to Restate Due to Accounting Error

The error relates to the classification of shares that were issued when WeWork's SPAC acquirer went public.

By Matthew Heller | December 2, 2021

Wynn SPAC Deal Called Off: Is A Buyout Coming?

Wynn SPAC Deal Called Off: Is A Buyout Coming?

Wynn Resorts said it was terminating a previously announced special-purpose acquisition company merger for Wynn Interactive.

By Vincent Ryan | November 12, 2021

Panera Returning to Public Market With IPO

Mergers & Acquisitions

Panera Returning to Public Market With IPO

The deal includes an investment from a restaurant-themed SPAC, USHG Acquisition.

By Vincent Ryan | November 9, 2021

Music Streamer Settles SPAC Fraud Case

Risk & Compliance

Music Streamer Settles SPAC Fraud Case

Akazoo agrees to pay $38.8 million to settle charges that it defrauded investors both before and after it went public through a SPAC merger.

By Matthew Heller | October 28, 2021

Crypto Exchange Bakkt Begins Trading on NYSE

Credit & Capital

Crypto Exchange Bakkt Begins Trading on NYSE

ICE-owned Bakkt went public via a SPAC merger with VPC Impact Acquisition Holdings.

By Lauren Muskett | October 18, 2021

A ‘Glut’ of High-Growth Companies Is Driving An IPO Market Reset

A ‘Glut’ of High-Growth Companies Is Driving An IPO Market Reset

The question of going public has turned from "if?" to "when?" to "how soon?" with no signs of slowing.

By Vincent Ryan | October 13, 2021

CFOs: Time to Reconsider SPAC Deals

Mergers & Acquisitions

CFOs: Time to Reconsider SPAC Deals

Merging with a special-purpose acquisition company is now a hazardous way to raise capital and go public.

By Vincent Ryan | September 30, 2021

SPAC Activity Falls in Q2

Credit & Capital

SPAC Activity Falls in Q2

The second quarter marked the lowest quarter of SPAC offerings since last year's second quarter.

By Lauren Muskett | September 2, 2021

Forbes Media Going Public Via SPAC

Credit & Capital

Forbes Media Going Public Via SPAC

The deal values the company at a pro forma enterprise value of $630 million.

By Lauren Muskett | August 26, 2021

Virgin Orbit Announces Space SPAC Deal

Virgin Orbit Announces Space SPAC Deal

The startup expects its SPAC merger with NextGen Acquisition Corp. to raise up to $483 million in new capital for its satellite-launching business.

By Matthew Heller | August 23, 2021

Topps SPAC Merger Dies After Loss of MLB Deal

Topps SPAC Merger Dies After Loss of MLB Deal

With MLB's decision not to renew its baseball card deal, there are “significant questions about how [Topps] will chart a path forward."

By Matthew Heller | August 20, 2021

Bill Ackman’s SPAC Hit With Lawsuit

Risk & Compliance

Bill Ackman’s SPAC Hit With Lawsuit

The case contends that Ackman’s Pershing Square Capital Management is actually an investment company and should be regulated as such.

By Matthew Heller | August 18, 2021

Heading for the SPAC Finish Line

Heading for the SPAC Finish Line

KORE Wireless readies for the close of its merger with Cerberus Telecom Acquisition Corp.

By Vincent Ryan | August 11, 2021