Last night, Bill Ackman posted a letter to the Pershing Square Tontine website laying out the current situation with the recently filed civil suit and how it affects the SPAC.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Bill Ackman proposed to return $4 billion he raised from investors through his SPAC if he gets regulatory approval to launch a new vehicle, saying a lawsuit filed earlier this week has had an impact on his ability to strike a deal.
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Mudrick Acquisition Corp. II (NASDAQ:MUDS) has terminated its combination with collectible card-maker Topps after it announced it would not see a renewal of its foundational contract with Major League Baseball (MLB) for producing its signature cards.
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SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among two-way apparel marketplaces. We look at why they are compelling and why each could be a fit for a blank-check merger.
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Waverley Capital Acquisition Corp. 1 announced the pricing of its $200 million IPO and its shares are expected to begin trading on the NYSE under the symbol “WAVCU” Friday, August 20.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
SGX (Singapore Exchange) is reportedly considering lowering the minimum market cap requirement for SPACs seeking to list in Singapore.
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By now, everyone new to SPACLand has probably figured out that it’s a real roller coaster over here.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Bill Ackman’s troubled SPAC Pershing Square Tontine Holdings was hit with a lawsuit this morning that alleged the blank-check company awarded “staggering compensation” to its sponsors, and asked that the entity’s special status be revoked.
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