Churchill Capital Corp IV is reportedly in talks with Lucid Motors to take the company public. The SPAC has seen its share price jump over 300% since rumors
Louis Vuitton-owner Bernard Arnault is sponsoring a SPAC focused on European finance. More than 140 SPACs have listed in the US this year, and the trend is
Tom Finke s
Adara Acquisition Corp. (ADRA), which made its debut on Tueday, was among the new blank-check companies.
While Finke s name might not be as familiar as recent SPAC entrants such as Colin Kaepernick or Shaquille O Neal, he is a financial force of his own having served as the CEOs of two asset managers and famously led the 2016 merger of Babson Capital, Barings Asset Management, and two other MassMutual Life subsidiaries to create Barings, a $345 billion money manager.
That s why when he entered SPAC land, investors took notice.
SPAC investor Julian Klymochko, who manages the Accelerate Arbitrage Fund (TSX: ARB), said his ETF subscribed to the ADRA IPO because he believes that Finke s background and experience in financial services make him a strong SPAC sponsor.
More than 130 SPACs have gone public in 2021, with plenty more in the pipeline. It took until October to reach the same number in 2020, according to investment
Shares of SPAC NextGen Acquisition Corp. jumped as much as 40% on Monday afternoon after reports of a potential deal with EV truck maker Xos. NextGen Acquisition