Report: Are Giant SPACs Next?

A spate of technology, media, and telecom deals could be in the pipeline given the volume of SPACs, Mergers & Acquisitions reports, citing a newly released Spring 2021 SPAC Market Report from Duff & Phelps. A third of such vehicles that are currently active are targeting TMT assets. The result could be a busy year for the sector.

Of the 66 Spacs that listed in Europe since the start of 2020, just 13 have found a company to merge with.

The Miami-based SPAC has a history of postponing and rescheduling shareholder votes.

Circle, the company behind the fast-growing dollar-pegged coin USDC, has raised $440 million in fresh capital and is now considering a deal with a blank-check company, The Block reports.