Tagged: spac

March 13, 2021 @ 4:25 pm By Omar Faridi  |  

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

March 10, 2021 @ 10:34 pm By Omar Faridi  |  

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

March 5, 2021 @ 3:14 pm By JD Alois  |  

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

March 3, 2021 @ 11:55 pm By Omar Faridi  |  

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

February 17, 2021 @ 11:01 am By JD Alois  |  

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

February 15, 2021 @ 8:55 pm By Omar Faridi  |  

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

February 15, 2021 @ 3:47 pm By JD Alois  |  

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

February 11, 2021 @ 12:17 am By Omar Faridi  |  

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

February 4, 2021 @ 9:47 am By Omar Faridi  |  

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

January 25, 2021 @ 8:04 am By Omar Faridi  |  

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

January 21, 2021 @ 9:22 pm By JD Alois  |  

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

January 11, 2021 @ 9:26 am By JD Alois  |  

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

January 7, 2021 @ 12:18 pm By JD Alois  |  

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

December 30, 2020 @ 8:41 pm By Omar Faridi  |  

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

December 28, 2020 @ 9:35 am By JD Alois  |  

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

December 21, 2020 @ 11:14 pm By Omar Faridi  |  

SoftBank Group Corp. (TYO: 9984), a Japanese multinational conglomerate holding company headquartered in Minato, Tokyo with over $300 billion in assets, is reportedly planning to secure at least $500 million in capital via a blank-check company, according to sources familiar with the matter. The special-purpose… Read More

December 19, 2020 @ 1:58 pm By Omar Faridi  |  

Fintech firm Katapult is planning to go public through a merger with SPAC FinServ. The transaction would value the firm at approximately $1 billion. According to a release, Katapult Holding Inc. is preparing for an IPO after the digital commerce Fintech revealed on December 18,… Read More

December 18, 2020 @ 1:53 pm By JD Alois  |  

SPACs are hot. We all know that. And now one of OurCrowd’s portfolio companies is going public via a $1.4 billion SPAC. Innoviz, a LiDar startup in the autonomous vehicle tech sector, saw the company acquired in a SPAC deal this past week. Omer Keilaf,… Read More

December 8, 2020 @ 7:02 pm By JD Alois  |  

PropTech Investment Corporation II (NASDAQ:PTICU) has completed an initial public offering (IPO) of 23,000,000 units at $10.00 per unit, including 3,000,000 units issued for an over-allotment option. The IPO booked gross proceeds of $230,000,000. Each unit consists of one share of the company’s Class A… Read More

December 4, 2020 @ 4:15 pm By JD Alois  |  

Fintech Acquisition Corp. V (NASDAQ:FTCVU) has completed an initial public offering (IPO) of 21,800,000 units at a price of $10.00 per unit, for gross proceeds to the Company of $218,000,000. Each unit issued in the offering consists of one share of the Company’s Class A… Read More