The SPAC market is particularly well‑suited to raise cash in industries that offer the potential for significant growth and are currently of interest to investors (think a combination of technology and ESG‑friendly), writes the Husch Blackwell law firm. As the recent experience at ExxonMobile has shown, investors are eager to invest in, and accelerate the migration toward, energy production that does not rely on fossil fuels. SPACs that have invested in the electric vehicle sector are certainly an example of the concept. And the energy industry, broadly defined, is host to a number of opportunities for the SPAC strategy. Read more.
Related Posts
Spartan Acquisition II Announces Separate Trading of Stock and Warrants
Spartan raised $345 million in an IPO and PIPE last month.
EV Startups Lose Over $40B After Taking SPAC Route: Report
At their highs, five electric-vehicle startups that went public through mergers with SPACs were worth $60 billion, Bloomberg reports.
Crypto Startup Aurox Plans to Go Public This Year, Possibly Via SPAC or Direct Listing
The self-funded startup hopes that by going public on the Nasdaq or NYSE, it will attract investors and traders worldwide.
Fresh Off Dramatic Majority Shareholder Exit, Firefly Could be Headed for a SPAC
Aerospace private equity firm AE Industrial Partners (AEI) announced last month that it had reached an agreement to acquire a “significant stake” in Firefly after its largest shareholder, Ukrainian Max Polyakov, was forced to sell his shares over national security concerns. A recent FCC filing provides new details of the deal, including that it involves a special purpose acquisition vehicle.