Tagged: spac

August 20, 2021 @ 11:39 am By JD Alois  |  

Circle is a Fintech that is best known for its dollar-based stablecoin, USDC, that has grown rapidly in recent months. Today, USDC is the second most popular stablecoin following Tether, with a market cap of over $27 billion. While about half the size of Tether… Read More

August 9, 2021 @ 5:00 pm By JD Alois  |  

Stablecoin creator and payments rails operator Circle says it intends on becoming “a full-reserve national commercial bank.” In a blog post, Circle founder and CEO Jeremy Allaire expanded on their mission to become a federally chartered bank. Allaire stated: “We are embarking on this journey alongside the… Read More

August 4, 2021 @ 11:04 pm By Omar Faridi  |  

FinAccel, the parent of Kredivo, an AI-powered digital consumer credit platform based in Southeast Asia, and VPC Impact Acquisition Holdings II (NASDAQ: VPCB), a special purpose acquisition company sponsored by Victory Park Capital, revealed on August 2, 2021 that they have finalized a definitive agreement… Read More

August 4, 2021 @ 10:21 am By Omar Faridi  |  

Hippo Holdings Inc (HIPO.WS) says it aims to improve homeowners’ insurance by leveraging customer data in order to make it quicker and simpler to obtain coverage. This, according to the Insurtech firm’s CEO. As reported by Reuters, Hippo is valued at $5 billion and went… Read More

July 13, 2021 @ 6:53 pm By Tony Zerucha  |  

The Securities and Exchange Commission (SEC) has charged a group of people and companies for misleading claims about a recent special purpose acquisition corporation (SPAC), assertions which stood to gain one CEO $200 million in shares. Facing charges are SPAC Stable Road Acquisition Company, its… Read More

July 11, 2021 @ 1:56 pm By Omar Faridi  |  

Bullish, a tech firm focused on creating financial services for the digital assets sector, recently revealed its plans to go public on the New York Stock Exchange (NYSE) via a merger with Far Peak Acquisition Corporation (NYSE: FPAC), a special purpose acquisition company or SPAC…. Read More

July 8, 2021 @ 5:19 pm By JD Alois  |  

Circle, a digital asset firm that has gone big into stablecoins and services, will become a publicly traded firm in a SPAC deal. Circle is the principal operator of the dollar based stablecoin USD Coin (USDC). Of interest is the fact that Circle also owns… Read More

June 16, 2021 @ 10:27 am By JD Alois  |  

SoFi (NASDAQ:SOFI), a leading Fintech that recently went public in a SPAC deal, has received a positive analyst report due to the company’s potential to disintermediate old financial services firms. According to multiple reports, Rosenblatt has given SoFi a $30 price target for the Fintech…. Read More

June 9, 2021 @ 9:43 am By JD Alois  |  

Following SoFi’s public float via a special purpose acquisition company (SPAC), the Fintech said it will allow retail investors to participate in IPOs in certain blank check firms. SoFi (NASDAQ:SOFI), a one-stop-shop that offers a multitude of financial services, challenges Robinhood in targeting a younger… Read More

June 7, 2021 @ 4:17 pm By Priyanka Pani  |  

American Challenger bank and personal finance app Dave has announced that it plans to go public through a merger with a blank-check firm sponsored by investment firm Victory Park Capital. With this, the banking app’s valuation has ballooned to $4 billion amidst a pandemic that… Read More

June 1, 2021 @ 11:13 am By JD Alois  |  

Leading Fintech SoFi (NASDAQ:SOFI) has successfully listed on the Nasdaq as part of a SPAC deal with Chamath Palihapitiya’s Social Capital Hedosophia Holdings Corp. V. SoFi was valued at $8.65 billion post-money and the deal is expected to provide up to $2.4 billion in cash… Read More

May 29, 2021 @ 3:05 pm By JD Alois  |  

SoFi, one of the most successful Fintechs in the US, is on track to trade next week following a successful merger with Social Capital Hedosophia Holdings Corp. V (NYSE: IPOE). The combined company is expected to start trading on Nasdaq on June 1, 2021, under… Read More

May 27, 2021 @ 9:11 pm By JD Alois  |  

Acorns, a neobank serving the consumer market, will go public via a special purpose acquisition company (SPAC) according to a note from the company. The SPAC sector has been red-hot in the past 12 months as it offers a more streamlined process for companies to… Read More

May 18, 2021 @ 8:35 pm By JD Alois  |  

SoFi, a top US-based Fintech unicorn, is expected to trade on the Nasdaq on June 1st, according to a public statement. As was previously reported, SoFi decided to become a publicly listed firm in a SPAC merger with Chamath Palihapitiya’s Social Capital Hedosophia Holdings Corp…. Read More

April 20, 2021 @ 11:00 am By JD Alois  |  

Modiv, formerly operating as Rich Uncles, is seeking to open up real estate investing for smaller investors with unlisted REITS. Recently, the company announced the filing of a registration statement for Modiv Acquisition Corp. or “MAC SPAC” – looking to gain entry into the hot… Read More

April 9, 2021 @ 4:51 pm By JD Alois  |  

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

April 1, 2021 @ 11:35 am By JD Alois  |  

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

March 26, 2021 @ 9:37 am By JD Alois  |  

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

March 16, 2021 @ 11:05 pm By Omar Faridi  |  

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

March 16, 2021 @ 8:51 am By JD Alois  |  

  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