Accessibility helpSkip to navigationSkip to contentSkip to footer

Cookies on FT Sites

We use cookies and other data for a number of reasons, such as keeping FT Sites reliable and secure, personalising content and ads, providing social media features and to analyse how our Sites are used.

Accept cookies
Manage cookies
  • Sign In
  • Subscribe
Open side navigation menuOpen search bar
Financial Times
SubscribeSign InmyFT
  • Home
  • World
    Sections
    • World Home
    • Global Economy
    • UK
    • US
    • China
    • Africa
    • Asia Pacific
    • Emerging Markets
    • Europe
    • War in Ukraine
    • Americas
    • Middle East & North Africa
    • Australia & NZ
    Most Read
    • Lockheed Martin ready with F-16s as Ukraine’s allies revive debate over fighter jets
    • US economy beats expectations with 2.9% growth
    • Pakistan rupee plunges as authorities loosen controls to revive bailout
    • Transatlantic ‘growing pains’: how Olaf Scholz made Joe Biden shift on tanks for Ukraine
    • Kyiv rocked by explosions as Russian barrage targets cities across Ukraine
  • US
    Sections
    • US Home
    • US Economy
    • US Companies
    • US Politics & Policy
    Most Read
    • Companies
      Sections
      • Companies Home
      • Energy
      • Financials
      • Health
      • Industrials
      • Media
      • Professional Services
      • Retail & Consumer
      • Tech Sector
      • Telecoms
      • Transport
      Most Read
      • Morgan Stanley hits bankers with $1mn penalties for messaging breaches
      • Blackstone faces $5bn of withdrawal requests from more property funds
      • Rolls-Royce’s new chief warns company is a ‘burning platform’
      • EY Germany to axe hundreds of jobs in post-Wirecard cost-cutting push
      • UK equities no longer a ‘must own’ asset class, shareholder group warns
    • Tech
    • Markets
      Sections
      • Markets Home
      • Alphaville
      • Markets Data
      • Cryptofinance
      • Capital Markets
      • Commodities
      • Currencies
      • Equities
      • Fund Management
      • Trading
      • Moral Money
      • ETF Hub
      Most Read
      • Franklin Templeton: an old-school stockpicker tries to reinvent itself
      • Live news updates from January 26: LVMH posts record profits, US GDP growth slows
      • Pakistan rupee plunges as authorities loosen controls to revive bailout
      • What the poet, playboy and prophet of bubbles can still teach us
      • UK equities no longer a ‘must own’ asset class, shareholder group warns
    • Climate
    • Opinion
      Sections
      • Opinion Home
      • Columnists
      • The FT View
      • The Big Read
      • Lex
      • Obituaries
      • Letters
      Most Read
      • Will Leopard 2 tanks actually boost Ukraine’s battlefield chances?
      • Careless conservatism is killing Sunak’s effort to save his party
      • Bye-bye massages and free food: Big Tech cuts back perks
      • Europe cannot afford to engage in tit-for-tat with the US
      • Reasons for scepticism over Swedish rare earths find
    • Work & Careers
      Sections
      • Work & Careers Home
      • Business School Rankings
      • Business Education
      • Entrepreneurship
      • Recruitment
      • Business Books
      • Business Travel
      Most Read
      • What to do if you hate your job
      • RSK’s Alan Ryder on how to manage rapid expansion
    • Life & Arts
      Sections
      • Life & Arts Home
      • Arts
      • Books
      • Food & Drink
      • FT Magazine
      • House & Home
      • Style
      • Travel
      • FT Globetrotter
      Most Read
      • What the poet, playboy and prophet of bubbles can still teach us
      • What I learnt from talking to Google about chatbots
      • Why the world can benefit from contact theory
      • Super-luxe buys with the feelgood factor
      • Five stars for The Fabelmans — Spielberg’s Oscar-nominated memoir of his youth
    • HTSI
    MenuSearch
    • Home
    • World
    • US
    • Companies
    • Tech
    • Markets
    • Climate
    • Opinion
    • Work & Careers
    • Life & Arts
    • HTSI
    Financial Times
    SubscribeSign In

    Special purpose acquisition companies

    Add to myFT Digest

    Add this topic to your myFT Digest for news straight to your inbox

    • Wednesday, 18 January, 2023
      Football
      New Olympique Lyonnais owners plan Spac listing

      US multi-club business’s move would be a first for the football sector

    • Wednesday, 11 January, 2023
      The special purpose acquisition company fallout is going to be spac-tacular

      Hail Mary passes coming

    • Thursday, 29 December, 2022
      Lex
      Financial trends: more whacks for Spacs in 2023 Premium content

      There have been far too many special purpose acquisition companies chasing too few deals

    • Thursday, 15 December, 2022
      Jeanne Lanvin SA
      Luxury group Lanvin shares surge in New York listing

      Fosun-owned fashion business climbs 36% as it seeks to turn round flagging fortunes

    • Tuesday, 6 December, 2022
      Spacs confess to accounting weaknesses as year-end audits loom

      49% of a sample of companies that went public in the cash shell boom had material flaws

    • Monday, 5 December, 2022
      Circle Internet Financial Inc
      Crypto group Circle ends $9bn deal to go public through Bob Diamond’s Spac

      Collapse of tie-up follows FTX bankruptcy and other crises in the sector

    • Monday, 5 December, 2022
      Executive Pay
      US companies face backlash for bypassing investors on top pay

      Growing number have ‘evergreen’ provisions allowing them to award stock despite downturn

    • Wednesday, 30 November, 2022
      Tech start-ups shun Singapore and Hong Kong for US Spacs

      Blank-cheque companies in Asian financial hubs show little results

    • Thursday, 24 November, 2022
      Digital currencies
      What’s a $1.8mn private jet bill between Spac friends?

      Austerity, bitcoin-style

    • Wednesday, 23 November, 2022
      Due Diligence
      Regrets from a Spac disaster Premium content

      Plus, the FTX bankruptcy hearing kicks off in a messy fashion and Société Générale’s next boss ploughs ahead with a new strategy

    • Tuesday, 22 November, 2022
      LexDigital health
      Babylon/telehealth: strong medicine needed to recover from Spac setback Premium content

      Harsh response from investors is a sign of wider reappraisal of digital health market

    • Monday, 21 November, 2022
      Lex
      Grindr: low free float disguises an unpopular Spac matchup Premium content

      Investors in the dating app’s merger partner have plenty of reasons to swipe left over the deal

    • Friday, 18 November, 2022
      Technology sector
      Gay dating app Grindr soars on stock market debut

      Price rise supercharged by widespread share redemptions before Spac merger

    • Tuesday, 8 November, 2022
      News in-depthDue Diligence2 min
      The story behind Spacs’ spectacular fall from grace | FT Due Diligence

      Ortenca Aliaj explains how the craze for special purpose acquisition vehicles turned out to be shortlived

    • Tuesday, 25 October, 2022
      Electric vehicles
      Lithium miner to create US-listed company as shortages hit electric cars

      Australia-listed European Lithium will merge with Sizzle Acquisition

    • Tuesday, 11 October, 2022
      Flexjet
      Chelsea FC owner to take Flexjet public in Spac deal

      NetJets rival to merge with blank-cheque company led by Todd Boehly as demand for high-end travel grows

    • Thursday, 6 October, 2022
      Former Rusal chief launches London’s first mining Spac

      Artem Volynets’ venture will seek to invest in critical metals such as cobalt and copper

    • Tuesday, 27 September, 2022
      ESG investing
      Vivek Ramaswamy: the self-styled scourge of ‘woke’ boardrooms

      Fund manager with history of bold claims says energy stocks could triple if ESG aims scrapped

    • Monday, 26 September, 2022
      White collar crime
      Two arrested on fraud charges linked to ‘$100mn deli’ in New Jersey

      Sandwich shop became symbol of stock market exuberance after being singled out by David Einhorn

    • Monday, 26 September, 2022
      Donald Trump
      Trump Spac changes address to mailbox at UPS store

      Latest sign blank-cheque vehicle is trying to preserve cash as it struggles to push through deal

    • Tuesday, 20 September, 2022
      Investors in Trump media Spac push for better terms as clock runs out

      Blank-cheque vehicle Digital World in talks with hedge funds over preferred stock issued in $1bn Pipe financing

    • Tuesday, 20 September, 2022
      Spac booster Chamath Palihapitiya throws in the towel

      Blank-cheque vehicles to return $1.5bn to investors after failing to find targets

    • Monday, 19 September, 2022
      LexDonald Trump
      Trump Spac merger: drama over vote tally highlights tricky situation

      Special purpose acquisition company’s original legal documentation had required the deal to close by this month

    • Saturday, 17 September, 2022
      Donald Trump
      Trump Spac fails to pay proxy firm despite tough hunt for votes

      Solicitors charged with drumming up support for struggling deal are owed six-figure sum

    • Thursday, 8 September, 2022
      Donald Trump
      Trump’s plan to take his media business public in jeopardy

      Executives of blank-cheque group loan company $2.9mn to keep prospect of stock listing alive

    Previous page You are on page 1 Next page

    Be part of FT Community

    Discover unmissable flagship events and members only communities to expand your thinking and elevate your career

    FT LiveWhat skills do dealmakers need in a volatile M&A market?Understanding how M&A professionals in the US are ensuring that a deal retains its value
    Thursday, 2nd FebruaryOnline
    Learn more about FT Community

    Useful links

    Support

    View Site TipsHelp CentreContact UsAbout UsAccessibilitymyFT TourCareers

    Legal & Privacy

    Terms & ConditionsPrivacy PolicyCookiesCopyrightSlavery Statement & Policies

    Services

    Share News Tips SecurelyIndividual SubscriptionsGroup SubscriptionsRepublishingExecutive Job SearchAdvertise with the FTFollow the FT on TwitterFT ChannelsSecondary Schools

    Tools

    PortfolioToday's Newspaper (ePaper)Alerts HubBusiness School RankingsEnterprise ToolsNews feedNewslettersCurrency Converter

    Community & Events

    FT CommunityFT Live EventsFT ForumsFT Board DirectorBoard Director Programme

    More from the FT Group

    Markets data delayed by at least 15 minutes. © THE FINANCIAL TIMES LTD 2023. FT and ‘Financial Times’ are trademarks of The Financial Times Ltd.
    The Financial Times and its journalism are subject to a self-regulation regime under the FT Editorial Code of Practice.
    Financial Times

    International Edition

    Subscribe for full access
    • Switch to UK Edition
    • Top sections
    • Home
    • World
      • Global Economy
      • UK
      • US
      • China
      • Africa
      • Asia Pacific
      • Emerging Markets
      • Europe
      • War in Ukraine
      • Americas
      • Middle East & North Africa
      • Australia & NZ
    • US
      • US Economy
      • US Companies
      • US Politics & Policy
    • Companies
      • Energy
      • Financials
      • Health
      • Industrials
      • Media
      • Professional Services
      • Retail & Consumer
      • Tech Sector
      • Telecoms
      • Transport
    • Tech
    • Markets
      • Alphaville
      • Markets Data
      • Cryptofinance
      • Capital Markets
      • Commodities
      • Currencies
      • Equities
      • Fund Management
      • Trading
      • Moral Money
      • ETF Hub
    • Climate
    • Opinion
      • Columnists
      • The FT View
      • The Big Read
      • Lex
      • Obituaries
      • Letters
    • Work & Careers
      • Business School Rankings
      • Business Education
      • Entrepreneurship
      • Recruitment
      • Business Books
      • Business Travel
    • Life & Arts
      • Arts
      • Books
      • Food & Drink
      • FT Magazine
      • House & Home
      • Style
      • Travel
      • FT Globetrotter
    • Personal Finance
      • Property & Mortgages
      • Investments
      • Pensions
      • Tax
      • Banking & Savings
      • Advice & Comment
      • Next Act
    • HTSI
    • Special Reports
    • FT recommends
    • Lex
    • Alphaville
    • Lunch with the FT
    • FT Globetrotter
    • #techAsia
    • Moral Money
    • FTfm
    • Newsletters
    • Video
    • Podcasts
    • News feed
    • FT Live Events
    • FT Forums
    • Board Director Programme
    • myFT
    • Portfolio
    • Today's Newspaper (ePaper)
    • Crossword
    • Our Apps
    • Help Centre
    • Subscribe
    • Sign In