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Healthcare litigation group MSP Recovery had claimed a $33bn valuation despite losses
Revisions to corporate financial reports rose 289% in 2021, with increase led by Spacs
Vehicle behind Truth Social platform says there are ‘no assurances’ company will stay solvent
Plus, Ares Management finds a diamond in the rough after Novalpina’s collapse and Goldman and Citi sit out the Spac game
Deal backed by Bernard Arnault and Tikehau will create new player in European entertainment
Transaction with Tiga Acquisition Corp values company at $2.1bn
Wall Street bank last year ranked as second-biggest underwriter for blank-cheque companies
Professional group’s recommendations come as regulator seeks sweeping reform of blank-cheque companies
Fast walking FTW; Carl Icahn; and Elon (again, sigh)
Blank-cheque companies have struggled to secure so-called Pipe funding to complete deals
New business aims to grab growing share of streaming market but that means taking on Big Tech
Merger with blank-cheque company backed by billionaire Francois Pinault values Spotify rival at €1.05bn
Lawyers and regulators now have lopsided financial products in their sights
Plus, Blackstone strikes Europe’s biggest take-private, and Germany’s corporate chieftains do a whole lot of nothing
Nineteen blank-cheque company mergers have been cancelled in 2022 compared with three a year ago
The blank cheque company craze is fading and the SEC is planning tighter rules to prevent a repeat
Investors have bet heavily hoping to find the next Tesla, but many EV groups are struggling to make the production process work
Financial centres look unlikely to recreate US boom in shell company IPOs
Overly cheery forecasts from blank-cheque mergers are causing rifts with shareholders
Spacs shouldn’t ‘overpromise future results’, SEC chair says
Plus, venture capitalists pass on crypto board seats, and an Italian corporate brawl gathers pace
Marwyn plans standard listing rather than under UK Spac regime
Underwriters offer incentives after more investors pull out of blank cheque transactions
Digital media group misses predictions as editor-in-chief quits
Special purpose acquisition companies were once a popular alternative to IPOs but are now on the back foot
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