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Special purpose acquisition companies

Add to myFT Digest

Add this topic to your myFT Digest for news straight to your inbox

  • 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’

  • Friday, 16 February, 2024
    Lex
    How a failed retailer and a tax shield can create an accidental Spac Premium content

    Wish’s strategy can be thought of as a free call option on an M&A punt

    Wish’s website on a mobile phone
  • Tuesday, 6 February, 2024
    Tidjane Thiam
    Ex-Credit Suisse chief Tidjane Thiam’s Spac sued by Chinese partner

    China Bridge Capital lawsuit underscores how quickly relations soured as Spac boom ended

    Tidjane Thiam
  • Monday, 29 January, 2024
    New SEC rules on Spacs shut the barn door after horses have bolted

    It’s too late, Gary, now it’s too late

  • Friday, 22 December, 2023
    Media
    Lionsgate to carve out and list studio business in $4.6bn Spac deal

    Newly created entity acquired by blank-cheque company led by Hollywood veterans Harry Sloan and Jeff Sagansky

    Keanu Reeves in John Wick
  • Thursday, 21 December, 2023
    SoftBank Group Corp
    How SoftBank’s bet on US mortgage lender Better backfired

    Multibillion-dollar investment in start-up soured as interest rates rose and Spac craze ended

    Softbank chief Masayoshi Son, left, and Vishal Garg of Better Home & Finance
  • Wednesday, 20 December, 2023
    Bird Rides Inc
    Electric scooter rental pioneer Bird files for bankruptcy

    Once high-flying company gained a $1bn valuation five years ago, but has since struggled to make profits

    A man walks past a Bird scooter in Los Angeles
  • Friday, 24 November, 2023
    On Wall StreetWilliam Cohan
    The Spac bubble and bust is one for the history books

    Collective amnesia is a reminder of the risks of investments offering an illusory prospect of easy wealth

    A scene from the film ‘House of Games’
  • Monday, 13 November, 2023
    London Spac ditches attempt to raise funds for insurance deal

    Financials Acquisition Corp blames volatile markets for failure to attract investors and says it will wind up

    A sign in the London Stock Exchange Group’s office atrium
  • Wednesday, 1 November, 2023
    LexAirAsia Bhd
    AirAsia: please cease our unease with lease fees deets, Mr Fernandes Premium content

    Investors need more information to decide whether this Spac deal is fit for take-off

    Tony Fernandes, chief executive officer of Capital A
  • Wednesday, 25 October, 2023
    AirAsia Bhd
    AirAsia chief prepares runway for New York Spac listing

    Tony Fernandes’s Capital A conglomerate on fundraising campaign ahead of merger with blank-cheque company

    AirAsia planes on the tarmac at Kuala Lumpur International Airport
  • Friday, 20 October, 2023
    Lotus Cars Inc.
    Lotus EV unit warns of China risks ahead of Spac listing

    Geely-owned division lost $353mn in six months, as it lines up reverse merger on to New York’s Nasdaq

    People look at a Lotus EV car
  • Tuesday, 3 October, 2023
    Secretive billionaire McPike sues over collapse of Spac deal

    Lawsuit accuses gaming investor Jason Ader of misrepresenting investment in Spac that tried to buy Manila casino

  • Friday, 1 September, 2023
    The Long ViewJennifer Hughes
    VinFast’s wild ride points to need for stock health warnings

    Regulators should flag risks when companies have small amount of shares available to trade

  • Thursday, 24 August, 2023
    Market bubbles
    Alphaville presents: Pin the valuation on the electric vehicle SPAC

    VinFast VinFurious

  • Wednesday, 23 August, 2023
    US mortgage lender Better to go public after ‘arduous’ two years

    Chief executive made headlines after firing 900 workers over Zoom

    Vishal Garg
  • Monday, 21 August, 2023
    IPOs
    Beware, a 2023 Spac oddity

    Vietnamese EV maker VinFast floats through the back door

  • Monday, 14 August, 2023
    Accountancy
    UK auditing firm charged by SEC over Nasdaq listing failures

    Crowe UK missed fake agreements and fabricated letters in Akazoo records before music streamer was acquired by a Spac vehicle

  • Wednesday, 2 August, 2023
    Lex
    Michael Klein: Spac sponsor backs English compounder Premium content

    CorpAcq is to be listed in New York, where an equity holding company will be regarded as a novelty

    Michael Klein
  • Tuesday, 1 August, 2023
    Cheshire investment group heads for $1.6bn NY listing with Michael Klein

    Deal for CorpAcq based in north-west England shows how far Spac sponsors are having to spread their net

    Michael Klein
  • Tuesday, 1 August, 2023
    Spanish EV company to list in Amsterdam with Spac deal

    QEV’s €200mn value will test investor appetite in market littered with failures and frauds

    Jake Dennis of Great Britain and Avalanche Andretti, Norman Nato of France and Nissan and Sam Bird of Great Britain and Jaguar TCS Racing compete in Race 2 during Formula E 2023 Rome E-Prix
  • Friday, 21 July, 2023
    Shares of Trump Spac soar after deal to settle SEC fraud charges

    Blank-cheque company planning to take former president’s media company public will pay $18mn fine if deal goes through

    Truth Social platform logo
  • Tuesday, 11 July, 2023
    Lex
    Nuclear power Spac: Sam Altman, AI king, seeks to split atoms Premium content

    Start-up Oklo has announced it will list shares in the US at an $850mn valuation

    Sam Altman
  • Tuesday, 11 July, 2023
    Tech start-ups
    Nuclear fission start-up backed by Sam Altman to go public

    Oklo valued at $850mn in transaction through Spac set up by OpenAI chief

    Sam Altman
  • Tuesday, 4 July, 2023
    Digital World Acquisition Corp
    Trump Media merger partner reveals $18mn preliminary settlement with SEC

    Digital World Acquisition Corporation’s ‘agreement in principle’ would require approval of US securities regulator

    Truth Social app on a phone
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