(Bloomberg) The young scion of a storied Texas oil dynasty and his fraternity brother have raised $125 million for a SPAC focused on Latin America.
Rose Hill Acquisition Corp., started by 23-year-old Cornell alumni Albert G. Hill IV and Juan Jose Rosas, sold 12.
(Bloomberg Businessweek) The trajectory of so-called blank-check companies effectively vast pools of cash in search of investment opportunities is shaping up to be a classic Wall Street feeding frenzy.