Definitive Proxy Filed on Social Capital Merger Plan With Opendoor

Opendoor

Social Capital Hedosophia II filed its definitive proxy for the Dec. 17 shareholder meeting to vote on the proposed merger with Opendoor Technologies, an online real estate company. The deal values the combined company at $4.8 billion. Read more.

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Banner Acquisition Registers for $150M IPO

The new SPAC in the filing said it intends "to initially focus on companies with an enterprise value range of $500 million to $3 billion, depending on market opportunities for liquidity, that have strong historical earnings and are essential to the United States economy." This includes healthcare, education and business services.