Tagged: spac

SPAC: Global Blockchain Acquisition Corp. Trades on NASDAQ in $150M IPO

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Global Blockchain Acquisition Corp. (NASDAQ: GBBKU), a SPAC formed with the intent to acquire or merge with a company in the blockchain sector, listed its shares on NASDAQ in an IPO of 15,000,000 units at $10.00 per unit. Each unit reportedly “consists of one share… Read More

Katapult Receive Shareholder Letter Telling them to Sell as Value Sinks

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Katapult (Nasdaq: KPLT), a lease-to-own platform that went public in a SPAC deal with FinServ Acquisition Corp. in 2021,  has received an open letter from a shareholder telling the firm to sell itself. Infinitum Partners, L.P., a firm that reports a 1.3% equity stake in Katipult,… Read More

Blast Off: Forge Global Rockets Higher in First Day of Trading on NYSE

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Forge Global, a private securities marketplace serving accredited investors, listed its shares on the NYSE today as part of a SPAC deal. As was previously reported, Forge Global traded under the ticker FRGE. The listing was due to a combination with sponsor Motive Capital Corp. During… Read More

Private Securities Marketplace Forge Global Trades on NYSE Following SPAC Deal

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Forge Global begins trading on the New York Stock Exchange (NYSE) today under the ticker FRGE. The public listing is following the completion of a SPAC deal with Motive Capital Corp. Financial Technology Partners and FTP Securities (FT Partners) served as financial advisors to Forge… Read More

Insurtech FOXO Technologies to be Acquired in SPAC Deal with Delwinds Insurance Acquisition Corp.

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FOXO Technologies Inc. will become a publicly traded firm in a SPAC deal with Delwinds Insurance Acquisition Corp. (NYSE: DWIN). Shares will trade under the symbol FOXO once completed. The transaction is said to have a value of $369 million. FOXO, will raise up to… Read More

Indonesian BNPL Akulaku Joins Unicorn Club With $100M Series E

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Akulaku, an Indonesian buy now, pay later (BNPL) firm, announced this week it has received $100 million from the Siam Commercial Bank in Series E financing. The news comes months after the firm announced a $125 raise which was co-led by Silverhorn Group, who has… Read More

Fintech’s Rising Influence Celebrated in F-Prime’s State of Fintech Report for 2021

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The explosive growth of Fintechs and their rising influence in finance has been neatly summarized in F-Prime’s State of Fintech Report for 2021. Start with the raises. In 2021 Fintechs attracted close to $120 billion of capital in private markets, with more than 300 nine-figure… Read More

Binance Invests in Forbes Magazine, Plans to Invest in Other Companies Going Forward

Zhao Changpeng

As part of a SPAC deal, Binance will invest $200 million in Forbes – the largely business-focused publication. Last year, it was announced that Forbes would merge with SPAC sponsor Magnum Opus Acquisition Ltd (OPA.N), a blank check firm targeting the global consumer, technology, and media… Read More

Acorns Bails on $2.2 Billion SPAC Deal

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Last May 2021, it was announced that Acorns, a digital wealth management platform, would become a publicly traded firm in a SPAC deal valued at $2.2 billion. Last week, it was announced the SPAC merger had been axed. Pioneer Merger Corp (NASDAQ: PACX), the SPAC… Read More

eToro Expands Offerings in the US, Adds ETFs, Stocks

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eToro, an online investment platform, says it has added exchange-traded funds (ETFs) and stocks to its US-facing offerings. eToro already offers crypto trading in the US. Crypto trading is offered via eToro USA LLC and securities trading is offered via eToro USA Securities, Inc., a… Read More

Pagaya Reports Oversubscribed PIPE of $350 Million as Part of SPAC Deal

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As part of a previously announced $8.5 billion SPAC deal with EJF Acquisition Corp. (NASDAQ: EJFA, EJFAU, EJFAW), Pagaya is reporting an “upsized” PIPE of $350 million – an equity offering that was said to be oversubscribed. The PIPE was increased by $150 million from… Read More

Andy Zhao’s 5 Trends Driving Fractional Real Estate Investing in 2022

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Fractional real estate investment should continue to grow in 2022 as it is shaped by five trends, Andy Zhao said. Zhao is the CEO of Ark7, a fractional real estate investment platform offering passive income and value appreciation opportunities. He has managed a wide range… Read More

SPAC Crypto 1 Acquisition Corp. Expected to Trade on Nasdaq this Week

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Crypto 1 Acquisition Corp. a special purpose acquisition corporation (SPAC), is expected to trade on the Nasdaq this week. The securities of the SPAC were certified on Friday, and registration was approved on the same day. In fact, Nasdaq has them on their calendar to… Read More

Big SPAC Deal Grab Sinks on Trading Debut

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Grab, an Asian delivery firm and Fintech, traded on the Nasdaq today as part of a SPAC deal that raised gross proceeds of USD $4.5 billion in the largest-ever U.S. public market debut by a Southeast Asian company. The value of the deal was pegged… Read More

Circle, Owner of SeedInvest, Invests $10.5 Million in Crowdcube in Move to Expand Securities Crowdfunding

Crowdcube Team Funding Wonderful

Circle, a digital asset firm that is a top stablecoin issuer and owner of investment platform SeedInvest, has invested $10.5 million in Crowdcube. The total funding round was $13.5 million. Circle’s investment in Crowdcube was made via USD Coin (USDC) – a dollar-based stablecoin. The percentage… Read More

SEC Files 434 new enforcements in FY21, Crypto, Dark Web, DeFi Among New Targets

SEC Enforcemnt

A review of the Securities and Exchange Commission’s (SEC) enforcement actions in this fiscal year show a growing threat posed by cryptocurrency and decentralized finance (DeFi) scammers. The year ended Sept. 30. The SEC filed 434 new enforcement actions in FY2021, and that is a… Read More

Super-app Grab Sees Service Disruption Weeks Ahead of Expected $40B SPAC Completion

grab mobile

Southeast Asian “super-app” Grab is working to restore service today, the company said. Customers across Singapore, Thailand, Malaysia, and Indonesia have reported trouble using the super-app, with some voicing their frustrations on social media. “We experienced a service disruption this morning that impacted a number… Read More

TradeStation Group Going Public Via $1.43B SPAC

Special Purpose Acquisition Company SPAC 1

TradeStation Group, an online broker, announced today it is going public through a SPAC with the Quantum Fintech Acquisition Corporation. The new company will list on the NYSE under the symbol QFTA after the transaction closes some time in the first half of 2022. It… Read More

Akazoo, a Music Streaming Service, Settles With SEC in $38.8M Alleged SPAC Fraud

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The Securities and Exchange Commission (SEC) today announced a $38.8 million settlement of charges against Akazoo S.A., a purported music streaming business based in Greece, for allegedly defrauding investors out of tens of millions of dollars in connection with a 2019 SPAC business combination. Akazoo’s… Read More

Shares in MoneyLion to Trade on NYSE on September 23rd as SPAC Deal Approved

Money Lion

MoneyLion Inc., a neo-bank Fintech that reports over 2.8 users and an annualized net revenue run-rate of over $150 million, will commence trading on the New York Stock Exchange tomorrow (September 23, 2021) as the SPAC deal is approved. Following a special meeting yesterday of… Read More

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