Clearing house Apex in merger talks with Ledecky s SPAC
Crystal Tse, Bloomberg
FacebookTwitterEmail
Northern Star Investment Corp. II surged Friday after people familiar with the matter said Apex Clearing Corp., a securities custody and clearing firm, is in talks to go public through a merger with the blank-check company.
A merger would value Apex and Northern Star Investment Corp. II at as much as $5 billion, said one of the people, who asked not to be identified because the information is private. Units of Northern Star Investment Corp. II, which is backed by Jonathan Ledecky, co-owner of the National Hockey League s New York Islanders, rose as much as 9.1% in New York trading.
29.01.2021 - Northern Star Investment Corp. II (the “Company”) announced today that it consummated its upsized initial public offering of 40,000,000 units, including 5,000,000 units subject to the underwriters’ over-allotment option, at $10.00 per unit. The .
Glancy Prongay & Murray LLP Announces Investigation of OceanFirst Financial Corp.
Glancy Prongay & Murray LLP Announces Investigation of OceanFirst Financial Corp. Glancy Prongay & Murray LLP (GPM) announces its investigation of OceanFirst Financial Corp. (NASDAQ: OCFC) concerning the Company and its directors and officers possible violations of state laws. If you purchased OceanFirst stock, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Tom Kennedy, of GPM, 230 Park Avenue, Suite 530, New York, NY 10169 at [email protected], or at 212-682-5340. If you inquire by email please include your mailing address, telephone number, and the number of shares purchased and held.
Close icon
Two crossed lines that form an X . It indicates a way to close an interaction, or dismiss a notification. Left to right: Reid Hoffman, Joanna Coles, Kevin Mayer. Getty Images
A growing number of SPACs are focusing on acquiring media companies and taking them public.
Media vets like Charlie Ergen, Joanna Coles, and Greg Coleman are spearheading SPACs.
Insider identified 12 media SPACs worth watching in media, telecommunications, and entertainment.
A growing number of execs and investors are looking to cash in on media through special-purpose acquisition companies.
SPACs are blank-check companies set up to acquire and take companies public, often with less scrutiny, cost and time than a traditional initial public offering. SPACs have been viewed critically by some as riskier for investors, but they have boomed over the past year.