Maxim Group will underwrite the IPO and have a 45-day option to purchase up to an additional 900,000 shares over and above the 6 million being offered to cover over allotments. The company applied to ...

The company has $518 million to spend from its IPO, likely on a software or fintech company. TPG Pace Tech has $450 million in a hunt for tech companies while TPG Pace Beneficial Finance has $350 ...

Investors who bought into a special-purpose acquisition company that took a healthcare-services company public last year in an $11 billion deal have suffered steep losses. Promoters of the SPAC ...

Last week, a stockholder in three special purpose acquisition companies (“SPACs” – Pershing Square Tontine Holdings, Ltd. (“PSTH”), GO Acquisition Corp. and E.Merge Technology ...

Bill Ackman's Pershing Square Tontine Holdings, a blank-check company, has increased the size of its planned initial public offering to $4 billion from $3 billion. The company announced the move ...

--ATIF Holdings Limited, a holding group providing business and financial consulting in Asia and North America, has established a Special Purpose Acquisition Company Department and is planning to ...

Perhaps you’ve heard of SPACS, or special-purpose acquisition companies, as an alternative to IPOs. They are, in some respects, easier than IPOs — but there are pitfalls for investors, too.

More than a few market analysts have declared that 2021 is the year of the SPAC. Otherwise known as a special purpose acquisition company or a blank check company, a ...

With a standard IPO, the company is hoping to price its shares at a certain level, but the wild swings of the market will have its say with price as well. SPAC acquisitions are pre-negotiated.

As expected, SoftBank Group filed to launch a special-purpose acquisition company today, saying it plans to raise $525 million to invest in an unnamed technology company.The Japanese investment gi ...

U.S.-listed special-purpose acquisition companies, or SPACs, have raised $40.4 billion so far in 2020, compared with $13.5 billion during the whole of 2019, according to data provider Dealogic.

A special purpose acquisition company is an entity that's set up specifically as a shell company with no immediate business purpose of its own. Rather than going into business for itself, ...