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The Latest Breaking News from SPACs

SPACs stage comeback as mega IPOs crowd market

Special-purpose acquisition companies are experiencing a resurgence as a wave of blockbuster IPOs creates an opening for smaller firms. This renewed relevance comes as a more mature SPAC market emerges, offering a quicker path to public markets with greater certainty on valuation and timing, especially for companies seeking to avoid…

The Economic Times

3 SPACs Hit New 52-Week Highs: Are Any Worth Owning?

Sixty-eight NYSE stocks hit new 52-week highs on Tuesday. Three were SPACs. As stocks become pricier, investor interest has increased. While it's tempting to bet on businesses with a pile of cash to acquire game-changing companies, there’s a downside.

Barchart

Citadel Bumps Stake in SPAC by 1,300% Days Before SEC Approved Its Merger With Nuclear Plant Developer

Citadel Advisors purchased around a million shares of a blank cheque company just before it received SEC approval for a merger with a leading nuclear technology firm, which recently secured multiple government contracts.

International Business Times

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SPAC King Chamath Palihapitiya Tells Retail Investors To Stay Away From His New SPAC

Known to some as the "SPAC King," Chamath Palihapitiya once had plans to launch SPACs with tickers IPOA through IPOZ. Those initial dreams failed, as several SPACs were liquidated without merger targets, and the SPAC market lost favor with retail investors.

Benzinga

Ken Griffin Bumps Stake in SPAC by 1,300% Days Before SEC Approved Its Merger With Nuclear Plant Developer

Citadel Advisors' Ken Griffin purchased around a million shares of a blank cheque company just before it received SEC approval for a merger with a leading nuclear technology firm, which recently secured multiple government contracts.

International Business Times UK

SPACs, SMRs and How to Invest in the Nuclear Insurgency

Big nuclear deployments are in process, but small modular reactors could be a better way to meet rapidly rising electric power demand.

Kiplinger

Chamath Palihapitiya Returns To SPACs: Past 18 Deals, Investments Average Loss Of 14%

Investor Chamath Palihapitiya, once known as the "SPAC King," is back with a new SPAC, signaling a potential top or bottom for the SPAC market, with investors cautious after past returns from completed mergers.

Benzinga

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Chamath‑Connected SPAC Listings Are Crushing Nvidia — Wall Street Didn't See This Coming (CORRECTED)

Editor's note: The article and headline have been corrected to clarify Chamath Palihapitiya's SPAC involvement and update the price performance.

Benzinga

SoFi Stock Is Up Over 90% in 3 Months. Should You Still Buy or Sell Now?

SoFi stock has gained 90% over the last three months and trades above $20, rising to the highest levels since 2021. While I remain a long-term bull on the stock, I would take some profits off the table after the recent rally.

Barchart

SPACs are back: This year’s crop of blank check companies lack celebrity sponsors, and that’s likely a good thing

SPACs were all the rage in 2021 but a series of dodgy offerings soured investors. Is this time different?

Fortune

What Is the Play With Alight’s 2 Unusually Active Call Options From Yesterday's Trading?

Two of Wednesday’s top five unusually active options were Alight call options. The provider of human capital technology and services’ stock is down 33% in the 12 months. Yet, ALIT stock and options look like an interesting play.

Barchart

Cantor Fitzgerald, Run By Trump's Commerce Department Pick, Accused Of Misleading Investors

The global financial services firm paid $6.75 million to settle the charges brought by the Securities and Exchange Commission.

International Business Times

Trump Media lockup deadline leaves Trump with a choice: trigger a fire sale or hold a meme stock

Some say the stock is worth only $1.50 a share.

Fortune

SEC Plans Increased Transparency Requirements for SPAC Firms

The US SEC is set to impose stricter transparency requirements on special purpose acquisition companies (SPACs) to enhance investor protection.

Top News

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The Guardian - UK

Stock of British electric moped brand Zapp hits skids months after US listing

The company has lost much of its value after market scepticism about startups’ prospects

Fortune

Apex Fintech CEO is eyeing an IPO—after pulling plans for a SPAC in 2021

Apex is in talks with banks about a possible IPO.

Barchart

As Student Loan Repayments Resume, is SoFi Stock a Buy Now?

SoFi is among the biggest beneficiaries as student loan repayments resume this October. Here's what makes SoFi a top fintech stock to buy right now.

Barchart

2 Growth Stocks to Buy, Despite Higher Bond Yields

U.S. stock markets have pulled back in August on rising bond yields, which are negative for growth stocks in particular. However, SoFi and Nvidia look like two solid picks worth buying at these prices.

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Fortune

FC Barcelona, the Spanish soccer giant that couldn’t afford to re-sign Lionel Messi, just hit Wall Street with a bold $1 billion SPAC plan

The club, once home to football legend Lionel Messi, is trying to diversify its revenue amid years of mismanaged funds and mounting costs.

Evening Standard

Return of the SPAC? Sir Martin Franklin raises $550m war chest with London IPO

SPACs surged in popularity in 2020 and 2021, but have been a rarity since

The Guardian - UK

First Spac set up under new UK rules to close after failing to find merger target

Hambro Perks Acquisition Company blames ‘challenging circumstances’ for stock market listings

Liverpool Echo

Everton investment latest as Farhad Moshiri meeting in Qatar explained

Everton have been seeking external investment as they look to complete their new stadium

Fortune

IPO outlook: After a boom and bust in recent years, 2023 may be the year unicorns Stripe, Chime, and Instacart list shares

The IPO pipeline closed in 2022, but there’s reason to believe that it may reopen as 2023 gets underway.

Tribune News Service

Great SPAC crash of 2022 deepens as investors cash out in droves

The great SPAC crash is closing out the year in dramatic fashion as more shareholders prepare to cash out of the speculative-investing industry for good.

Benzinga

Digital World Acquisition Corp Is By Far The Most Shorted SPAC: The Other Top SPACs Short Sellers Are Targeting

Digital World Acquisition Corp (NASDAQ: DWAC) shares plunged 20.1% on Wednesday morning after Republican candidates endorsed by President Donald Trump performed poorly

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