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
Payments Processor Stripe Reportedly Leaning Toward Direct Listing
Stripe is more likely to conduct a direct listing than an IPO because it doesn’t need to raise capital but does have employees and other investors who would like to be able to sell their shares.
Marcum BP Analysis: How Much Cash Is In Your SPAC?
To look at the headline numbers, SPACs appear awash with cash, writes Drew Bernstein, managing Partner at Marcum Bernstein & Pinchuk. But there's more to the story.
GameStop is a ‘SPAC’ Now: Report
If the idea of a listed company full of cash looking to become something else sounds familiar, it’s because it’s also the idea behind SPACs, Reuters reports.
German EV Startup Next.e.GO Weighs Listing Options Including SPAC: Report
EV hopeful Next.e.GO Mobile SE is in talks to go public through a blank-check company or an IPO that could value the manufacturer at $2.4 billion, Bloomberg reports.