Tagged: spac

SPACs: Plastiq to Become Publicly Traded Firm via Combination with Colonnade Acquisition Corp. II

Plastiq Inc., the B2B payment platform powering the small and midsize business economy, and Colonnade Acquisition Corp. II (NYSE: CLAA) a publicly traded special purpose acquisition company,  announced that they have “entered into a definitive agreement and plan of merger.” The combined company will “continue… Read More

Better.com Pushes Forward on SPAC Deal, Reveals SEC Investigation

Last week, an amended S-4 with the Securities and Exchange Commission (SEC) detailing the pending SPAC deal with Aurora Acquisition Corp. (NASDAQ: AURC) and Better.com, an online lender in the mortgage sector. In a release, Vishal Garg, CEO and Founder of Better, issued the following… Read More

eToro Cancels SPAC Deal, Cuts 100 Employees, Aims to Raise Money at Lower Valuation: Report

eToro, a modern spin on investing and trading that merges both digital assets and traditional securities, has axed its SPAC deal, according to a statement issued by the company. At the same time, Calculistech is reporting that their headcount is being slashed by 100 employees… Read More

Pagaya Trades on Nasdaq Following SPAC Deal

Pagaya Technologies has listed its shares on the Nasdaq following the completion of a SPAC deal with EJF Acquisition Corp. The shares are trading under the symbol “PGY” at around $5.70/share. The deal was approved by Pagaya shareholders on June 16, 2022, and by EJFA’s… Read More

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

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

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

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

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.

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

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

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

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

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

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

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

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

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

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

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

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