12/6/2022 4:41:54 PM Fintech company Circle terminates $9b deal with Bob Diamond-backed SPAC By Sarah Wolter Circle is the principal operator of stablecoin USDC and reported a net income of $43m and nearly $400m in cash in the third quarter. The...
8/19/2022 3:00:46 PM Covalto to become 1st Mexican fintech company on the US stock market By Samantha Wulfson Mexican digital banking platform Covalto is planning to go public via a special purpose acquisition company (SPAC) merger, a move that...
3/4/2022 8:03:04 PM Borrowed money funded share purchases by ‘Spac king’ Palihapitiya By Gareth Jones Chamath Palihapitiya, the venture capitalist touted large personal investments when plugging his SPAC deals and called for others to put...
2/18/2022 2:08:48 PM Crypto company Circle comes back around on SPAC deal while doubling its valuation to $9b By Sarah Wolter The company announced it has terminated its previously announced merger agreement with special-purpose acquisition company Concord...
12/8/2021 3:42:43 PM Better.com’s SPAC merger will be delayed by changes it made a day before laying off 900 people on Zoom By Sarah Wolter The company will seek new regulatory approval after revising the terms of the merger with Aurora Acquisition Corp. That will push back...
9/17/2021 1:32:56 PM MercadoLibre, Kaszek launch SPAC for investing in Latam startups By Carlos Alonso Torras Latin American e-commerce company MercadoLibre Inc and venture capital fund Kaszek on Monday announced the creation of a special-purpose...
9/15/2021 2:08:06 PM Fintech startup Pagaya reaches $9b SPAC deal to go public By Sarah Wolter Based in New York and Tel Aviv, Pagaya operates an artificial-intelligence network to make financial transactions like lending more...
8/18/2021 12:54:26 PM Bill Ackman’s SPAC gets sued By Sarah Wolter The case contends that Ackman’s SPAC isn’t an operating company, but is actually an investment company like Ackman’s funds, which should...
7/9/2021 3:31:37 PM Cryptocurrency firm Circle to go public via SPAC deal that will value the company at $4.5b By Carlos Alonso Torras The firm operates USDC, one of the world's largest dollar-pegged stablecoins, with over $25b in circulation. Shares of Concord...
6/18/2021 7:30:27 PM London hits the SPAC scene By FinTech Collective Is late better than never? New UK exchange rule changes are creating room for European SPAC deals just as the sensation fades in the US.
6/18/2021 3:36:49 PM Latin America-focused SPAC DILA Capital acquisition prices upsized $55 million IPO By Carlos Alonso Torras DILA Capital Acquisition, a blank check company formed by DILA Capital targeting tech-enabled sectors in Latin America, raised $55...
6/11/2021 5:49:18 PM Mark Cuban-backed banking app Dave going public via $4 billion SPAC By Carlos Alonso Torras Banking app Dave announced Monday that the company will make its market debut through a SPAC merger with VPC Impact Acquisition Holdings...
4/28/2021 2:13:50 PM U.S. watchdog mulls guidance to curb SPAC projections, liability shield By Sarah Wolter The U.S. securities regulator is considering new guidance to rein in growth projections made by listed blank-check companies, and clarify...
3/19/2021 5:45:50 PM Real estate tech startup Offerpad to go public via SPAC merger in $3b deal By Sarah Wolter The Phoenix based company announced its plans to go public by merging with Supernova Partners Acquisition Company in a deal valued at...
3/16/2021 3:27:19 PM Robinhood rival eToro to go public via $10.4b SPAC merger By Sarah Wolter Social investment network eToro plans to go public through a merger with a blank check company FinTech Acquisition Corp. V backed by...
3/12/2021 2:27:36 PM SEC warns against investing in SPACs based solely on celebrity backing By Sarah Wolter The U.S. Securities and Exchange Commission (SEC) cautioned investors about buying shares of so-called special purpose acquisition...