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          Special purpose acquisition companies

          • Friday, 25 April, 2025
            You have $250mn. Your mission: overthrow the World Bank. What do you buy?

            Throw your hands up for Soulpower

          • Wednesday, 23 April, 2025
            Cryptocurrencies
            Cantor strikes $3.6bn crypto venture deal with SoftBank and Tether

            Vehicle backed by son of US commerce secretary comes as investors hope for more favourable policy on digital currency

            President Donald Trump with US commerce secretary Howard Lutnick
          • Monday, 13 January, 2025
            Telecoms
            Oligarch-linked telecoms group to float Ukraine’s Kyivstar on Nasdaq

            Veon signs letter of intent with Cohen Circle for US listing of subsidiary

            A pedestrian walks past a Kyivstar store in Kyiv, Ukraine in December 2023
          • Thursday, 12 December, 2024
            Cantor Fitzgerald LP
            Howard Lutnick’s Cantor Fitzgerald to pay $6.75mn over Spac disclosures

            SEC case alleges that firm run by Trump adviser had made misleading statements in run-up to two offerings

            Howard Lutnick
          • Thursday, 14 November, 2024
            Hong Kong still awaits payback from new Spacs regime

            Corporate bosses warn tough standards deter blank-cheque companies from listing

            Pedestrians walk by the Hong Kong Stock Exchange
          • Tuesday, 12 November, 2024
            Montana’s loss-making fire company survives ex-CEO’s election

            Bridger Aerospace gains adjusted altitude heading into winter

          • Wednesday, 25 September, 2024
            David Crook
            The Spac trap has been reset, not eliminated

            If new rules for ‘blank-cheque’ vehicles lead to a revival investors should tread carefully

            People consider a blank cheque sitting in an oversized mousetrap
          • Thursday, 29 August, 2024
            Bill Ackman
            Bill Ackman seeks to revive IPO with sweeteners for investors

            US fund relaunch could include right to buy extra shares or stock in billionaire’s hedge fund

            Bill Ackman being interviewed
          • Saturday, 10 August, 2024
            On Wall StreetWilliam Cohan
            Investors should beware a revival of Spacs

            With traditional IPOs have been far and few, so-called blank cheque companies have been seeking to fill the void

            Sir Richard Branson, founder of Virgin Galactic, poses for a photo outside the New York Stock Exchange as fireworks are exploded before his company’s IPO
          • Friday, 26 July, 2024
            Bill Ackman
            Ackman postpones Pershing Square IPO after scaling back expectations

            Delay marks a setback for the billionaire hedge fund manager who hoped for one of the largest listings in history

            Bill Ackman
          • Thursday, 25 July, 2024
            Funding surge for blank cheque companies points to Spac bounceback

            An investing class left for dead after early excesses and poor performance shows signs of life

            Gary Gensler
          • Wednesday, 19 June, 2024
            Due Diligence
            Fisker’s ride from Apollo deal to bankruptcy Premium?content

            Plus, how Europe’s playing catch up with a new Nato tech defence fund

            Due diligence logo
          • Wednesday, 24 April, 2024
            Trump Media & Technology Group
            Trump Media’s auditor is really bad at spelling his own name

            Meet Ben F orgers (we wish we were making this up)

          • Friday, 19 April, 2024
            Trump Media & Technology Group
            Ken Griffin’s trading firm blasts Trump Media boss as ‘loser’

            Citadel Securities attacks Devin Nunes after letter to Nasdaq raises concerns over naked short selling

          • Saturday, 6 April, 2024
            Accountancy
            Trump Media auditor has faced repeated criticism from regulators

            Colorado’s BF Borgers has built the eighth-largest client list of any US audit firm in just 15 years

            The exterior of the BF Borgers building in Lakewood, Colorado
          • Monday, 1 April, 2024
            Trump Media & Technology Group
            Trump’s $10bn media group sinks 21% after disclosing widening losses

            Auditor warns of ‘substantial doubt’ about future of business as it reports less than $1mn in quarterly revenue

            Donald Trump
          • Wednesday, 27 March, 2024
            Due Diligence
            The Spac that made Donald Trump rich again Premium?content

            Plus, the heat rises on Sullivan Cromwell’s FTX fees and Adam Neumann begins to put together a WeWork bid

            The Due Diligence logo
          • Tuesday, 26 March, 2024
            Donald Trump
            Trump’s stake in social media group hits $4.6bn after market debut

            Shares of company behind former president’s Truth Social platform rise 16% in first day of trading

            Donald Trump’s image appears on a Truth Social  account on a mobile device
          • Tuesday, 26 March, 2024
            LexDonald Trump
            Trump taps superfans to make Spacs great again Premium?content

            TMTG looks like a rightwing meme stock combined with the classic pathologies of the blank cheque bubble

            Montage of Donald Trump and a smartphone screen showing the Truth Social app
          • Friday, 22 March, 2024
            Donald Trump
            Trump unlocks potential $3bn windfall after social media Spac deal

            Company behind Truth Social site will list on Nasdaq with the ticker symbol DJT next week

            The Truth Social network logo is seen on a smartphone in front of a display of Donald Trump
          • Thursday, 21 March, 2024
            Donald Trump
            Potential $3.5bn windfall for Trump hangs on fight over Spac deal

            Litigation with a former partner hangs over Friday’s vote to take Truth Social network public

            The Truth Social account of former president Donald Trump on a mobile device
          • Wednesday, 13 March, 2024
            US banks
            Blank-cheque company aims to buy failed US banks

            Porticoes Capital bets on further turmoil with approval to take over collapsed lenders from FDIC

            Former UBS banker Tom Naratil
          • Monday, 4 March, 2024
            LexRetail trading
            Webull’s $7bn listing deal shows Spac madness is not entirely over Premium?content

            Existing shareholders will own 98.1% of new company and control all voting rights

            Webull gained popularity in 2021 at the height of the meme stock trading frenzy
          • Thursday, 29 February, 2024
            Digital World Acquisition Corp
            Trump media company co-founders allege ‘stock grab’ in lawsuit

            Legal fight complicates path to public listing for Truth Social operator that could provide windfall for former president

            The Truth Social network logo is seen on a smartphone in front of a display of Donald Trump
          • Tuesday, 20 February, 2024
            Singapore, Hong Kong Spac failures highlight thwarted ambitions

            Lack of new listings and stalled mergers dim prospects for ‘blank-cheque companies’

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