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Special purpose acquisition companies

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  • Tuesday, 24 May, 2022
    Shares in second-largest Spac target sink by half in trading debut

    Healthcare litigation group MSP Recovery had claimed a $33bn valuation despite losses

  • Tuesday, 24 May, 2022
    Blank-cheque companies restate accounts after US watchdog’s warnings

    Revisions to corporate financial reports rose 289% in 2021, with increase led by Spacs

  • Monday, 16 May, 2022
    Social Media
    Trump media venture warns of bankruptcy risk tied to ex-president

    Vehicle behind Truth Social platform says there are ‘no assurances’ company will stay solvent

  • Wednesday, 11 May, 2022
    Due Diligence
    Elon Musk talks Tesla, Twitter and Trump with the FT Premium content

    Plus, Ares Management finds a diamond in the rough after Novalpina’s collapse and Goldman and Citi sit out the Spac game

  • Tuesday, 10 May, 2022
    TV production group Banijay to go public via Spac

    Deal backed by Bernard Arnault and Tikehau will create new player in European entertainment

  • Monday, 9 May, 2022
    Gay dating app Grindr to go public in Spac deal

    Transaction with Tiga Acquisition Corp values company at $2.1bn

  • Monday, 9 May, 2022
    Goldman pauses work on new Spacs after SEC takes tougher stance

    Wall Street bank last year ranked as second-biggest underwriter for blank-cheque companies

  • Sunday, 8 May, 2022
    Financial & markets regulation
    CFA Institute calls for tougher disclosure rules for Spac sponsors

    Professional group’s recommendations come as regulator seeks sweeping reform of blank-cheque companies

  • Monday, 2 May, 2022
    Technology sector
    Further reading

    Fast walking FTW; Carl Icahn; and Elon (again, sigh)

  • Sunday, 24 April, 2022
    Elliott investment in travel group is rare bright spot for Spacs

    Blank-cheque companies have struggled to secure so-called Pipe funding to complete deals

  • Tuesday, 19 April, 2022
    LexStreaming services
    Deezer: Pinault and Blavatnik wield Spac to whack Spotify Premium content

    New business aims to grab growing share of streaming market but that means taking on Big Tech

  • Monday, 18 April, 2022
    Mergers & Acquisitions
    Deezer music streaming service to go public via Spac deal

    Merger with blank-cheque company backed by billionaire Francois Pinault values Spotify rival at €1.05bn

  • Monday, 18 April, 2022
    Inside BusinessSujeet Indap
    A court battle that has raised concerns about Spacs

    Lawyers and regulators now have lopsided financial products in their sights

  • Friday, 15 April, 2022
    Due Diligence
    Show us the money, Elon Premium content

    Plus, Blackstone strikes Europe’s biggest take-private, and Germany’s corporate chieftains do a whole lot of nothing

  • Friday, 8 April, 2022
    Spac dealmakers sweeten terms to stem investor flight

    Nineteen blank-cheque company mergers have been cancelled in 2022 compared with three a year ago

  • Monday, 4 April, 2022
    Brooke Masters
    New reforms should stop failing Spacs in their tracks

    The blank cheque company craze is fading and the SEC is planning tighter rules to prevent a repeat

  • Sunday, 3 April, 2022
    The Big Read
    Electric vehicle start-ups face their toughest challenge: making cars

    Investors have bet heavily hoping to find the next Tesla, but many EV groups are struggling to make the production process work

  • Thursday, 31 March, 2022
    Hong Kong, Singapore investors tread carefully on Spac listings

    Financial centres look unlikely to recreate US boom in shell company IPOs

  • Thursday, 31 March, 2022
    Lex
    Spacs: after the boom come the lawsuits Premium content

    Overly cheery forecasts from blank-cheque mergers are causing rifts with shareholders

  • Wednesday, 30 March, 2022
    US regulators pave way for greater disclosures from blank-cheque company sponsors

    Spacs shouldn’t ‘overpromise future results’, SEC chair says

  • Tuesday, 29 March, 2022
    Due Diligence
    Spac bankers face a payday pinch Premium content

    Plus, venture capitalists pass on crypto board seats, and an Italian corporate brawl gathers pace

  • Tuesday, 29 March, 2022
    Acquisition company to raise up to £500mn on London market

    Marwyn plans standard listing rather than under UK Spac regime

  • Monday, 28 March, 2022
    Bankers for Spac deals cut fees as redemptions rise

    Underwriters offer incentives after more investors pull out of blank cheque transactions

  • Tuesday, 22 March, 2022
    BuzzFeed Inc
    BuzzFeed prepares for more lay-offs as revenues fall short

    Digital media group misses predictions as editor-in-chief quits

  • Wednesday, 16 March, 2022
    LexElaine Moore
    The Lex Newsletter: Spac-tacular no more Premium content

    Special purpose acquisition companies were once a popular alternative to IPOs but are now on the back foot

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