SPAC
- Technology
The deep problem with SPACs is the sponsors' and warrant holders' cuts, paid by the target company or the SPAC shareholders, leading to a bad deal for both (Matt Levine/Bloomberg)
Matt Levine / Bloomberg: The deep problem with SPACs is the sponsors’ and warrant holders’ cuts, paid by the target…
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Crypto exchange Bullish, backed by Peter Thiel, and Far Peak, a SPAC led by ex-NYSE President Thomas Farley, call off their planned $9B merger announced in 2021 (Joanna Ossinger/Bloomberg)
Joanna Ossinger / Bloomberg: Crypto exchange Bullish, backed by Peter Thiel, and Far Peak, a SPAC led by ex-NYSE President…
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Open-source database provider MariaDB closed down ~40% in its NYSE debut following its SPAC merger; MariaDB had a $368M market cap at $11.55/share opening price (Paul Gillin/SiliconANGLE)
Paul Gillin / SiliconANGLE: Open-source database provider MariaDB closed down ~40% in its NYSE debut following its SPAC merger; MariaDB…
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