Blank-check companies are turning to expensive sources of financing to push their deals over the line in a fresh sign of stress in what had been one of the hottest corners of Wall Street, The Financial Times reports. Several companies that recently announced plans to go public by merging with a SPAC have raised cash to fund the deals by issuing convertible bonds, a form of debt that can be swapped into stock. Read more.
Related Posts
Unicorn Hunt: Aussie SPAC Targets Big Deal After Nasdaq IPO
A Melbourne-based team led by a former McKinsey and Citigroup executive has kicked off the hunt to identify and buy a fast-growing Australian technology company.
Embark Director Elaine Chao, Others Sued Over SPAC Merger
The SPAC's shareholders approved the deal in November 2021 amid 72% redemptions. As a result, 81,121 founders shares were forfeited to institutional investors on the deal.
Primavera, ABCI Weighing to Join Hong Kong SPAC Race: Bloomberg
The SPAC could raise a few hundred million dollars, and could target a merger with a firm in the consumer sector.
Biometric Start-Up Elenium Reportedly Eyes $185m SPAC Deal
If it materializes, the deal with the digital ID start-up would be valued at $185 million.