Tagged: spacs

February 15, 2021 @ 8:55 pm By Omar Faridi  |  

Digital bank Revolut notes that if you’ve set up a WooCommerce store and are accepting payments with mainstream payment gateways, then you might not be happy with the extra transaction fees. Revolut reveals that it has been working on improving this for users by offering… Read More

February 11, 2021 @ 12:17 am By Omar Faridi  |  

JPMorgan Co-President Daniel Pinto recently noted that he doesn’t see another stock market correction “anytime soon,” unless the current situation “changes dramatically.” Pinto also said during his interview with CNBC that Fintech challengers are really good at providing “great client experience.” He acknowledged that they’ve… Read More

January 25, 2021 @ 8:04 am By Omar Faridi  |  

The hottest or most trendy thing right now in the world of finance are SPACs or special purpose acquisition companies. Former NBA superstar Shaquille O’Neal reportedly has one now, and so does former House Speaker Paul Ryan, and hedge-fund billionaire William Ackman. SPACs have become… Read More

December 30, 2020 @ 8:41 pm By Omar Faridi  |  

Firms secured more capital via stock market listings in 2020 than in any other year, except for 2007, as a recovery in equities valuations managed to attract various firms and blank-cheque acquisition vehicles were increasingly used to carry out listings in US markets. The hot… Read More

December 28, 2020 @ 6:11 pm By JD Alois  |  

  Doug Ellenoff, the Managing Partner of Manhattan law firm Ellenoff, Grossman and Schole (EGS), has been involved with the Fintech sector since the early days of the JOBS Act – the legislation that eventually legalized investment crowdfunding. He is not only deeply engaged with… Read More

December 21, 2020 @ 11:14 pm By Omar Faridi  |  

SoftBank Group Corp. (TYO: 9984), a Japanese multinational conglomerate holding company headquartered in Minato, Tokyo with over $300 billion in assets, is reportedly planning to secure at least $500 million in capital via a blank-check company, according to sources familiar with the matter. The special-purpose… Read More

October 22, 2020 @ 11:57 am By JD Alois  |  

The law firm of Ellenoff, Grossman, and Schole (EGS) has long been a leading Manhattan firm in the SPAC sector (Special Purpose Acquisition Company). This year, SPACs have boomed, including multiple high profile issuers as well as several Fintech focused SPACs. So how did SPACs… Read More