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    Special purpose acquisition companies

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    • Wednesday, 17 May, 2023
      Lex
      Martin Franklin: blank-cheque vehicle is a bet on a veteran deal maker Premium content

      Flotation will test London’s new rules for Spac-style fund raisings

    • Monday, 24 April, 2023
      Hambro Perks Spac to wind down after abrupt departure of boss

      Acquisition vehicle was first Spac set up under new UK rules

    • Tuesday, 18 April, 2023
      Venture capital investment
      Hambro Perks boss abruptly leaves VC firm

      Exit of co-founder Dominic Perks casts doubt over future direction of investment groups

    • Tuesday, 18 April, 2023
      Digital World Acquisition Corp
      Trump Spac pays $15,000 a month for office in Caribbean home

      Agreement between blank-cheque company and interim chief executive’s group also covers administrative help

    • Tuesday, 11 April, 2023
      LexMergers & Acquisitions
      Arrival/Spac: desperate companies need desperate financial engineering Premium content

      EV maker is nowhere near its targets and has burnt through nearly all its cash

    • Monday, 10 April, 2023
      Europe’s biggest Spac to be wound up

      Shell company backed by Bernard Arnault and Jean Pierre Mustier fails to find suitable target

    • Thursday, 6 April, 2023
      Due Diligence
      Chamath Palihapitiya learns there’s no such thing as free money Premium content

      Plus, the Hollywood rise of Ari Emanuel and venture capital dries up in Silicon Valley

    • Wednesday, 22 March, 2023
      Donald Trump
      Trump media Spac dismisses CEO and confronts delisting threat

      Digital World Acquisition terminates Patrick Orlando amid ‘unprecedented headwinds’

    • Sunday, 19 March, 2023
      Casino Guichard-Perrachon SA
      Casino boss spins wheel yet again in race to save supermarket empire

      Jean-Charles Naouri pursues deal with former franchisee as he races to salvage group

    • Tuesday, 21 February, 2023
      EO Charging
      UK EV charging start-up raises new funds after Spac collapse

      EO agrees lower valuation after dropping reverse merger deal last year because of market slump

    • Tuesday, 31 January, 2023
      Geely to float arm of carmaker Lotus via $5.4bn deal with Spac vehicle

      Division of sports car group planning electric SUVs will list on Nasdaq this year

    • 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

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