SPAC

A leading ticketing marketplace has added a big investor on its path to becoming public. What Happened: Vivid Seats, which is going public with Horizon Acquisition Corp (NYSE: HZAC), announced that DraftKings Inc (NASDAQ: DKNG) is investing in the company. The investment comes as part of the PIPE...

The Parent Company has the goal of becoming the most impactful cannabis company in the industry. Within 28 days on the job, new CEO Troy Datcher is turning the company’s focus to direct-to-consumer, a move that could reward communities and shareholders. Parent Co.'s New CEO: Troy Datcher...

A leading ticketing marketplace announced a SPAC merger Wednesday. The SPAC Deal: SeatGeek announced a SPAC merger with RedBall Acquisition Corp (NYSE: RBAC) valuing the company at an enterprise value of $1.35 billion. Executives involved in the deal have experience across all four major U.S....

A leading e-commerce company that sells bulk consumables and licenses its software to retailers announced a new partnership that increases its international expansion. What Happened: Boxed, which is merging with Seven Oaks Acquisition Corp (NASDAQ: SVOK), is partnering with 786 Holdings...

A leading trading platform on Tuesday announced a SPAC deal to go public. The SPAC Deal: TradeZero announced a merger with Dune Acquisition Corporation (NASDAQ: DUNE) in a deal valuing the company at a post-transaction enterprise value of $556 million. The company will trade as TradeZero...

Starry announced a SPAC merger with FirstMark Horizon Acquisition Corp (NYSE: FMAC) valuing the company at a pro forma enterprise value of $1.66 billion. The company announced 75% of sponsor-held shares are subject to performance-based earn-outs. PIPE investors include Fidelity Management, Tiger...

The connected vehicle company Wejo is set to go public via special purpose acquisition company Virtuoso Acquisition Corp (NASDAQ: VOSO) in a $1.1-billion deal.  The pent-up demand from original equipment manufacturers ultimately led Wejo to go public via the SPAC route, Wejo CEO...

A company with a mission to solve the world’s most important and pressing problems is going public with a SPAC merger announced Wednesday. The SPAC Deal: Rigetti is merging with Supernova Partners Acquisition Co II Ltd (NYSE: SNII) in a deal valuing the company at a pro forma equity...

The month of October marks a slowdown in SPAC merger deal votes, but the calendar does include several multibillion-dollar deals. SPAC merger votes can act as a catalyst, as it completes the last step in the merger process and also changes the company over to a new name and ticker that can help...

One of the most polarizing figures in the SPAC investing world has been Chamath Palihapitiya. The noted investor and Social Capital CEO has brought 10 SPACs to market and closed four deals along with investing in the PIPEs for others. Chamath on SPACs: After seeing significant interest and...

One of the top names in SPACs announced a ninth SPAC merger this week. The Gores Group led by chairman Alec Gores and CEO Mark Stone announced the deal between Gores Guggenheim Inc (NASDAQ: GGPI) and electric vehicle company Polestar. Since 2016, The Gores Group has announced nine deals valuing the...

Last week, MoneyLion Inc (NYSE: ML), formally closed on its merger with special purpose acquisition company (SPAC) Fusion Acquisition Corp. and began trading on the New York Stock Exchange. As part of the development, Benzinga chatted with cofounder and CEO Dee Choubey. Background: Founded in...

A leading electric vehicle company announced a long-awaited SPAC merger Monday morning and is setting itself up to be the next leader in the market. The SPAC Deal: Polestar announced a SPAC merger with Gores Guggenheim (NASDAQ: GGPI) valuing the company at $20 billion. The valuation is a decline...

On Tuesday, digital freight platform Transfix announced it has reached an agreement with special purpose acquisition company G Squared Ascend I Inc., sponsored by affiliates of venture capital fund G Squared, to go public under the New York Stock Exchange ticker symbol TF. The transaction is...

With a goal of building the world’s most connected and intelligent freight platform, Transfix is set to go public with a SPAC deal announced Tuesday. The SPAC Deal: Transfix will go public via a SPAC merger with G Squared Ascend I (NYSE: GSQD). The deal values Transfix at a pro forma...