The Definitive List of Special Purpose Acquisition Companies (SPAC)
One of Wall Street’s newest and popular trends is the rise of special purpose acquisitions companies. A Special Purpose Acquisition Company (SPAC), also known as a "blank check company," is a company with no commercial operations that is formed strictly to raise capital through an initial public offering (IPO) for the purpose of buying an existing company. SPACs are generally formed by investors or sponsors, with expertise in a particular industry or sector, who have the intention of pursuing deals in that specific area. Although special purpose acquisition companies can result in windfall profits for investors, they can also be fraught with risk as highlighted in the SEC’s Investor Bulletin dated May 2021. Barchart’s Special Purpose Acquisition Companies list can help serve as a jumping-off point for investors as they compare different SPACs to find the best investment opportunities.
Special Purpose Acquisition Company (SPAC) News
NEW YORK (AP) — Robinhood Markets said Tuesday it's cutting nearly a quarter of its workforce, as crashing cryptocurrency prices and a turbulent stock market keep more customers off its trading app.
HONG KONG (AP) — Chinese e-commerce firm Alibaba said Monday that it wants to keep its shares listed in both New York and Hong Kong, days after U.S. regulators included it in a list of companies that...
Bill Ackman shutting SPAC, will return $4 billion to shareholders
DUBAI, United Arab Emirates (AP) — A major free zone operator in Dubai owned by the sheikhdom's ruler said Thursday it would make an initial public offering on the local stock market, the latest state...
NEW DELHI (AP) — A much-awaited initial public offering for India’s state-run Life Insurance Corp. began this week with retail investors allowed to subscribe for its shares starting Wednesday.
NEW YORK (AP) — Growth slammed into reverse at the start of this year for Robinhood Markets, whose trading app has turned millions of people into investors for the first time.