Pershing Square Tontine Holdings has bucked the trend of most SPACs, both in terms of the type of deal it’s looking to make and its size, InvestorPlace reports. Bill Ackman, a famous hedge fund manager, runs the company that’s sponsoring the SPAC. Read more.
Related Posts
Long-term Projections by Some SPAC Stocks Look More Like Wishful Thinking as Virgin Galactic Misses 2021 Revenue Target by 98%
The Defiance Next Gen SPAC ETF is down 51% from its record high, and there have only been 48 new SPAC IPOs so far in 2022. There were more than 600 SPAC IPOs in 2021.
Blank-Check Company Craze Prompts BMO to Bulk Up SPACs Banking: Report
Bank of Montreal’s investment bank is building up its capabilities to help clients establish blank-check companies as the Canadian firm seeks to play a bigger role in the fast-growing trend. Bloomberg reports.
SPAC Mania Gives Way to ‘Meh’ as ETFs Drop Toward All-Time Lows: Report
Two of the biggest ETFs tracking the hundreds of SPACs that popped up over the past year, as the financial structures went from bit player to center stage, are trading at or near all-time lows.
Billionaire Gores Sued Over United Wholesale Mortgage SPAC Deal
Gores IV shareholders voted in January 2021 to merge with the mortgage company. With a transaction value of $16.1 billion, it was the largest SPAC merger up to that point.