Tagged: spac

Better Home and Finance Announces Closing of Business Combination, Better to Become Publicly Traded Company

Better HoldCo, Inc.  and Aurora Acquisition Corp., a special purpose acquisition company , announced the closing of the previously announced business combination that results in the creation of Better Home & Finance Holding Company, “a publicly traded company with Class A common stock and warrants… Read More

SPAC: Aurora Acquisition Corp Will Acquire Better, Shares Sink on the News

Special Purpose Acquisition Company (SPAC) Aurora Acquisition Corp (NASDAQ:AURC) is moving forward to acquire Fintech Better. On Friday, Aurora announced that shareholders had voted to approve the merger, with the closing expected to take place on August 22, 2023. In April 2021, Aurora announced that… Read More

Digital World Acquisition Corporation SPAC Target of SEC Enforcement Action, Settles Charges

The Digital World Acquisition Corporation (NASDAQ:DWAC), a special purpose acquisition company (SPAC) has been charged with material misrepresentations by the Securities and Exchange Commission (SEC). DWAC has agreed to a cease-and-desist order and to pay an $18 million penalty in the event it closes a… Read More

SPACs: Blockchain Moon Acquisition Corp to Return Funds as No Deal Found

Blockchain Moon Acquisition Corp. (NASDAQ: BMAQ) has announced it would return shareholder funds and delist its shares. The blank check firm raised money to pursue prospective targets that were businesses in blockchain technologies in North America, Europe, and Asia.  The special acquisition company (SPAC) announced… Read More

Long Time OurCrowd Portfolio Company Freightos Trades on Nasdaq

Freightos (Nasdaq: CRGO), a global freight booking and payment platform, has listed its shares on the Nasdaq. Freightos is a long-time OurCrowd portfolio company and represents another exit for the global securities crowdfunding platform. Freightos went public as part of a SPAC deal sponsored by… Read More

End of the Road: SPAC Deal to Take Circle Public Terminated, SEC Fails to Approve S-4 Registration

Circle, the issuer of dollar-based stablecoin USDC, has terminated the SPAC deal, which would take the company public, according to a release. The SPAC was initially expected to close this month (December). According to the statement, the two parties – Circle and Concord Acquisition Corp… Read More

Fintech Acquisition Corp. V to Dissolve After No Deal Found

Fintech Acquisition Corp. V (NASDAQ:FTCV) says it will dissolve and liquidate following an inability to find a merger or acquisition. The special purpose acquisition company (SPAC) was created to find a Fintech to take public. At one point, the company had entered into an agreement… Read More

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

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