The “SPAC King” Chamath Palihapitiya is asking investors for more time to complete a pair of blank-check deals as the industry is plagued by a regulatory crackdown and broader malaise, Bloomberg reports..
Social Capital Hedosophia Holdings VI, his largest SPAC ever, and Social Capital Hedosophia Holdings IV are looking to extend deadlines from October to 2023 to complete deals, according to preliminary proxy statements. Social Capital Hedosophia VI raised $1.15 billion in October 2020 and Social Capital IV has $460 million. Read more.
Social Capital Hedosophia Holdings Corp. VI, his largest special-purpose acquisition company ever, and Social Capital Hedosophia Holdings Corp IV are looking to extend deadlines from October to 2023 to complete deals, according to preliminary proxy statements filed on Aug. 11. Social Capital Hedosophia VI, which raised $1.15 billion in October 2020 and Social Capital IV, which has $460 million.
