SPACs—or special purpose acquisition companies—were once the darlings of Wall Street, but now they’re flailing, contends an article in The New York Times. The function of SPACs is to sell…
Tag: SPAC
SPAC Startup Promises Aren’t Panning Out
Almost half of all SPAC startups with less than $10 million of annual revenue that went public in 2021 will fail to meet the earnings targets they promised to investors,…
Scrambling SPACs Offers Opportunity For Investors
602 special-purpose acquisition companies (SPACs) formed in 2020 have only months to find a deal before they have to give investors back their money, reports an article in Barron’s. The…
Are SPACs An Uncorrelated Asset Class?
SPACs have surpassed IPOs in volume this year, and many advocate them as a new asset class that every investor should add to their portfolio, purporting that they generate superior…
Regulatory Warnings Ice SPAC Hot Streak
Amid new regulatory scrutiny, investors are reportedly “cooling to one of the hottest bets on Wall Street,” cutting the flow of new SPAC issues “to a trickle while share prices…
Hedge Fund Issues SPAC Warning
In a recent newsletter to investors, hedge fund firm Marshall Wace co-founder Paul Marshall issued a warning regarding the surge in special purpose acquisition companies (SPACs). This according to an…
The Explosion of SPACs -- Should You Care?
By Justin J. Carbonneau (@jjcarbonneau) — The odds of finding a pearl in your restaurant oyster are 1 in 10,000 to 1 in 12,000 depending on the species of mollusk.http://goldsteinsjewelers.blogspot.com/2014/06/gem-mythbuster-pearls-found-in.html This is an article…
SPAC Attack is Invading Wall Street
Special purpose acquisition companies, or SPACs, are quickly becoming a “favorite source of financing for private companies looking to go public,” according to a recent article in The Wall Street…
The Ins and Outs of SPAC
Unique rights give to early investors in special-purpose acquisition companies (SPACs)—which aim to purchase promising startups and then take them public—if benefiting some of the “biggest players in finance, particularly…
$500-million SPAC Planned by Billy Beane of ‘Moneyball’ fame
A special purpose acquisition company (SPAC) called RedBall Acquisition Corp., co-chaired by baseball executive Billy Beane, announced a plan to raise $500 million in an initial public offering. This according…
