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Special purpose acquisition companies

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  • Wednesday, 18 January, 2023
    Football
    New Olympique Lyonnais owners plan Spac listing

    US multi-club business’s move would be a first for the football sector

  • Wednesday, 11 January, 2023
    The special purpose acquisition company fallout is going to be spac-tacular

    Hail Mary passes coming

  • Thursday, 29 December, 2022
    Lex
    Financial trends: more whacks for Spacs in 2023 Premium content

    There have been far too many special purpose acquisition companies chasing too few deals

  • Thursday, 15 December, 2022
    Jeanne Lanvin SA
    Luxury group Lanvin shares surge in New York listing

    Fosun-owned fashion business climbs 36% as it seeks to turn round flagging fortunes

  • Tuesday, 6 December, 2022
    Spacs confess to accounting weaknesses as year-end audits loom

    49% of a sample of companies that went public in the cash shell boom had material flaws

  • Monday, 5 December, 2022
    Circle Internet Financial Inc
    Crypto group Circle ends $9bn deal to go public through Bob Diamond’s Spac

    Collapse of tie-up follows FTX bankruptcy and other crises in the sector

  • Monday, 5 December, 2022
    Executive Pay
    US companies face backlash for bypassing investors on top pay

    Growing number have ‘evergreen’ provisions allowing them to award stock despite downturn

  • Wednesday, 30 November, 2022
    Tech start-ups shun Singapore and Hong Kong for US Spacs

    Blank-cheque companies in Asian financial hubs show little results

  • Thursday, 24 November, 2022
    Digital currencies
    What’s a $1.8mn private jet bill between Spac friends?

    Austerity, bitcoin-style

  • Wednesday, 23 November, 2022
    Due Diligence
    Regrets from a Spac disaster Premium content

    Plus, the FTX bankruptcy hearing kicks off in a messy fashion and Société Générale’s next boss ploughs ahead with a new strategy

  • Tuesday, 22 November, 2022
    LexDigital health
    Babylon/telehealth: strong medicine needed to recover from Spac setback Premium content

    Harsh response from investors is a sign of wider reappraisal of digital health market

  • Monday, 21 November, 2022
    Lex
    Grindr: low free float disguises an unpopular Spac matchup Premium content

    Investors in the dating app’s merger partner have plenty of reasons to swipe left over the deal

  • Friday, 18 November, 2022
    Technology sector
    Gay dating app Grindr soars on stock market debut

    Price rise supercharged by widespread share redemptions before Spac merger

  • Tuesday, 8 November, 2022
    News in-depthDue Diligence2 min
    The story behind Spacs’ spectacular fall from grace | FT Due Diligence

    Ortenca Aliaj explains how the craze for special purpose acquisition vehicles turned out to be shortlived

  • Tuesday, 25 October, 2022
    Electric vehicles
    Lithium miner to create US-listed company as shortages hit electric cars

    Australia-listed European Lithium will merge with Sizzle Acquisition

  • Tuesday, 11 October, 2022
    Flexjet
    Chelsea FC owner to take Flexjet public in Spac deal

    NetJets rival to merge with blank-cheque company led by Todd Boehly as demand for high-end travel grows

  • Thursday, 6 October, 2022
    Former Rusal chief launches London’s first mining Spac

    Artem Volynets’ venture will seek to invest in critical metals such as cobalt and copper

  • Tuesday, 27 September, 2022
    ESG investing
    Vivek Ramaswamy: the self-styled scourge of ‘woke’ boardrooms

    Fund manager with history of bold claims says energy stocks could triple if ESG aims scrapped

  • Monday, 26 September, 2022
    White collar crime
    Two arrested on fraud charges linked to ‘$100mn deli’ in New Jersey

    Sandwich shop became symbol of stock market exuberance after being singled out by David Einhorn

  • Monday, 26 September, 2022
    Donald Trump
    Trump Spac changes address to mailbox at UPS store

    Latest sign blank-cheque vehicle is trying to preserve cash as it struggles to push through deal

  • Tuesday, 20 September, 2022
    Investors in Trump media Spac push for better terms as clock runs out

    Blank-cheque vehicle Digital World in talks with hedge funds over preferred stock issued in $1bn Pipe financing

  • Tuesday, 20 September, 2022
    Spac booster Chamath Palihapitiya throws in the towel

    Blank-cheque vehicles to return $1.5bn to investors after failing to find targets

  • Monday, 19 September, 2022
    LexDonald Trump
    Trump Spac merger: drama over vote tally highlights tricky situation

    Special purpose acquisition company’s original legal documentation had required the deal to close by this month

  • Saturday, 17 September, 2022
    Donald Trump
    Trump Spac fails to pay proxy firm despite tough hunt for votes

    Solicitors charged with drumming up support for struggling deal are owed six-figure sum

  • Thursday, 8 September, 2022
    Donald Trump
    Trump’s plan to take his media business public in jeopardy

    Executives of blank-cheque group loan company $2.9mn to keep prospect of stock listing alive

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