Tagged: spac

OurCrowd Portfolio Company Innoviz Trades on Nasdaq in SPAC Deal

LiDAR firm and OurCrowd portfolio company Innoviz (NASDAQ:INVZ) traded on the Nasdaq this week as part of a SPAC deal that was revealed earlier this year. Innoviz became a publicly listed company through a business combination with Collective Growth Corporation in a transaction sponsored by… Read More

Canadian Shell Company Valdy to Acquire All Outstanding Securities of INX Limited

According to a release by Valdy (TSXV:VALDY), the company has entered into a definitive agreement to acquire all outstanding securities of INX Limited. Upon completion, INX will effectively become a publicly listed company. Valdy is a shell company based in Vancouver, Canada.  Valdy was incorporated… Read More

MERJ Exchange Plans “First” Tokenized SPAC

Horizon Globex GmbH and MERJ Exchange Limited are partnering on what is said to be the first tokenized SPAC or special purpose acquisition company. The joint venture is described as revolutionizing SPACs. The SPAC  IPO is predicted to reach $100 million in value. The launch… Read More

Southeast Asia’s Grab Holdings Is Reportedly Looking into Going Public via SPAC

Southeast Asian ride-hailing and food delivery giant Grab Holdings is reportedly holding discussions regarding its plans to go public via a potential merger with a US-based special purpose acquisition company or SPAC. Grab Holdings may be valued at around $53 to $54 billion if these… Read More

Social Investment Network eToro to Go Public in SPAC Deal Via FinTech Acquisition Corp. V, Valuation Pegged at $10.4 Billion

  eToro, a digital investment platform, has announced it will become a publicly-traded company in a SPAC deal via FinTech Acquisition Corp. V (NASDAQ: FTCV). The deal includes a $650 million common share private placement from investors including ION Investment Group, Softbank Vision Fund 2,… Read More

SPACs and Real Estate Crowdfunding: Berlin’s iFunded, Klickown are Partnering Investunity AG so they Can Soon be Listed

Crowdinvesting or crowdfunding for real estate has long been considered a major potential market. However, there are a number of platforms that have downsized during the past year, even some established players like Exporo. Notably, the first Germany-based firm that’s set to go public through… Read More

Tech focused VC Investments in Europe Remain Strong, SPACs are Hottest Trend, while Chinese Online Lending Crackdown Continues: Report

Finch Capital, a venture capital firm, recently finalized a €150 million fund to invest in Series A and B deals across Europe. The firm with its Amsterdam and London offices currently has €85 million in capital that is ready to deploy for its “Europe III”… Read More

Bitcoin Miner Cipher Mining Technologies to Go Public Via Good Works SPAC

Cipher Mining Technologies, a U.S.-based Bitcoin mining firm, will become a publicly-traded company via a special acquisition company (SPAC). Good Works (Nasdaq:GWAC) has agreed to a merger and following the combination the new entity will be called Cipher Mining trading under the symbol CIFR. Cipher… Read More

Brendan Carroll from Chicago’s Victory Park Capital Says Banks and Fintechs Can Operate Effectively in New Business Environment

In early 2020, Opportunity Financial began evaluating whether it should go public. The online lending platform was interested in shifting focus away from the installment loan business to various other financial products (in order to improve its company profile). Jared Kaplan, CEO of the Chicago-based… Read More

SPAC JOFF Fintech Acquisition Raises $414 Million in Hunt for Fintechs

Yesterday, JOFF Fintech (NASD:JOFFU) filed an 8-K with the Securities and Exchange Commission (SEC) in regards to its initial public offering (IPO) that floated on the Nasdaq on February 9th. The SPAC indicated that it had raised $414 million, including warrants, in a hunt for… Read More

Digital Banking: Revolut Keeps Rolling out New Features for Business Payments, CEO Storonsky Says Firm to Eventually Conduct US IPO

Digital bank Revolut notes that if you’ve set up a WooCommerce store and are accepting payments with mainstream payment gateways, then you might not be happy with the extra transaction fees. Revolut reveals that it has been working on improving this for users by offering… Read More

Fintech MoneyLion to Float by SPAC via Fusion Acquisition

MoneyLion, a digital banking Fintech, is the next company to go public via a special acquisition company (SPAC). The deal was announced last Friday where MoneyLion will merge with Fusion Acquisition (NYSE:FUSE) at a transaction value of $2.4  billion and $2.9 billion in equity value… Read More

Dramatic Rise in SPACs Is Reflection of Market with Surplus Liquidity and Not Enough Assets to Acquire, JPMorgan Exec Explains

JPMorgan Co-President Daniel Pinto recently noted that he doesn’t see another stock market correction “anytime soon,” unless the current situation “changes dramatically.” Pinto also said during his interview with CNBC that Fintech challengers are really good at providing “great client experience.” He acknowledged that they’ve… Read More

SPACs: US Fintech Payoneer Set to Go Public via a Special Purpose Acquisition Company led by Bancorp’s Betsy Cohen

Nearly 300 SPACs are currently seeking deals with $90 billion in available cash. Fintech firm Payoneer is also planning to go public through a SPAC that will reportedly be led by Bancorp founder Betsy Cohen. Payoneer’s management noted that they intend to merge with a… Read More

SPACs: Nearly 300 Special Purpose Acquisition Companies are Currently Seeking Deals with $90B in Available Cash

The hottest or most trendy thing right now in the world of finance are SPACs or special purpose acquisition companies. Former NBA superstar Shaquille O’Neal reportedly has one now, and so does former House Speaker Paul Ryan, and hedge-fund billionaire William Ackman. SPACs have become… Read More

Victor Park Files for Next Fintech Focused SPAC: VPC Impact Acquisition Holdings II

Victory Park has returned once again to the SPAC realm seeking another Fintech acquire. According to an S-1 filing with the Securities and Exchange Commission, Victory Park is seeking $225 million in the initial public offering of VPC Impact Acquisition Holdings II. VPC II is… Read More

Bakkt to Go Public via SPAC at $2.1 Billion Valuation

Bakkt, is the latest Fintech to become a publicly-traded firm via a Special Purpose Acquisition Company (SPAC).  Bakkt is the creation of the Intercontinental Exchange (ICE) the parent company of the New York Stock Exchange. Bakkt is a regulated digital asset exchange that also provides… Read More

SoFi to Go Public in $8.65 Billion SPAC Deal with Chamath Palihapitiya’s Social Capital

Chamath Palihapitiya, CEO of Social Capital (NASDAQ:IPOE), has announced that SoFi will go public via a SPAC deal that is worth $8.65 billion via CNBC According to a Tweet by Palihapitiya, his thesis is based on the challenges of incumbent banks and the benefits of Fintech… Read More

Firms Secured More Capital via Stock Market Listings in 2020 than Any Other Year, Except 2007: Report

Firms secured more capital via stock market listings in 2020 than in any other year, except for 2007, as a recovery in equities valuations managed to attract various firms and blank-cheque acquisition vehicles were increasingly used to carry out listings in US markets. The hot… Read More

After Gaining 5 Million New Customers, eToro Preps for IPO on Nasdaq – Report

Digital trading platform eToro may be queuing for an initial public offering (IPO) on Nasdaq according to a recent report. The Fintech is said to be chatting with Goldman Sachs to manage the IPO. Depending on where you are sitting, eToro enables trading in both… Read More

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