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SPACs have been one of the hottest stories for investing in 2020 and look to be a major theme in 2021, with hundreds of potential deals that could be announced.
Benzinga is home to the live SPACs Attack show that airs Monday through Friday at 11 a.m. ET. On Wednesday, co-hosts Chris Katje and Mitch Hoch shared their top SPACs that are trading between $10 and $11.
Chris’s Picks:
RedBall Acquisition (NASDAQ: RBAC) has been linked to merging with Fenway Sports Group. A deal would give investors another publicly traded sports team. Fenway Sports Group owns MLB’s Boston Red Sox and the Liverpool Football Club of the English Premier League.
Customers for the company have reached 17 million, with 5 million additional customers added in 2020.
Trade volume for eToro has tripled since the beginning of 2020. The company differentiates itself with its Copytrader portfolio, which has tools that are offered for no additional charge.
Another positive sign for a potential deal to go public could be the company’s increased headcount. The company has over 1,100 employees now and is reportedly planning to hire hundreds more in 2021.
eToro has raised over $200 million in funding.
Rival Robinhood, which is also considering a 2021 IPO, has also seen an increase in users in 2020.
The company has 15 million users and was completing 4.3 million daily transactions on average during the summer months.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Vertiv Holdings Co Announces Plans to Redeem Public Warrants
December 17, 2020 GMT
COLUMBUS, Ohio (BUSINESS WIRE) Dec 17, 2020
Vertiv Holdings Co (“Vertiv”) (NYSE: VRT), a global provider of critical digital infrastructure and continuity solutions, today announced that it will redeem for cash all of its outstanding public warrants to purchase shares of Vertiv’s Class A common stock issued as part of the units (the “Units”) sold in Vertiv’s initial public offering (the “Public Warrants”) issued pursuant to the Warrant Agreement, dated as of June 7, 2018 (the “Warrant Agreement”), by and among Vertiv (formerly known as GS Acquisition Holdings Corp), Computershare Inc. and Computershare Trust Company, N.A., as warrant agent (the “Warrant Agent”), for a redemption price of $0.01 per Public Warrant (the “Redemption Price”). Warrants to purchase Vertiv’s Class A
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