spac
TGI Fridays to finally go public through merger with UK franchisee owner
There are already more than 600 TGI Fridays outposts across 44 countries, including roughly 233 in the US as well as locations across South America, the UK and Asia.
Movie studio to spin off Hollywood business from Starz in $4.6B deal
Lionsgate unveiled a deal to spin off its studio business in a $4.6 billion special purpose acquisition deal to create a separately traded public company.
A-Rod’s SPAC plans $800M merger with satellite comms provider Lynk Global
Alex Rodriguez's blank-check firm announced plans to merge with satellite communications provider Lynk Global in a deal worth at least $800 million.
Trump-tied SPAC reaches agreement with SEC staff over merger
A blank-check firm, which was set to merge with former U.S. President Donald Trump's media company and under regulatory investigation, has reached an agreement with the staff of the Securities...
Three charged with insider trading tied to merger with Donald Trump's Truth Social parent company
Michael Shvartsman, Gerald Shvartsman and Bruce Garelick allegedly made more than $22 million trading in Digital World Acquisition based on tips about its planned combination with Trump Media & Technology...
SPACs liquidating faster this year than in 2022
But not everyone is mourning the end of the SPAC era. In fact, some are cheering its demise.
'Unprecedented headwinds': Trump-backed blank-check firm Digital World ousts CEO
Digital World's merger with Trump Media & Technology Group is now in doubt amid investigations by the Justice Department and the Securities and Exchange Commission, which have delayed its closing.
Shareholder vote saves Trump's Truth Social app from possible shutdown
But Truth Social also could complicate his presidential campaign after Elon Musk over the weekend gave the nod to reinstate Trump's Twitter account.
CEO behind Trump's Truth Social IPO begs small investors for support: source
Patrick Orlando, CEO of Digital World Acquisition Corp., has been picking up the phone and calling investors with as few as 20 shares each, according to sources close to the...
Digital World delays vote over Donald Trump's Truth Social again
Digital World had already pushed back the deadline for its shareholders to vote on the 12-month extension several times over the past month.
Bill Ackman to shut down giant SPAC, return $4B to investors
Billionaire investor William Ackman, who had raised $4 billion in the biggest-ever special purpose acquisition company (SPAC), told investors he would be returning the sum after failing to find a suitable...
Trump's Truth Social stock hammered as Elon Musk cuts Twitter deal
Billionaire Elon Musk’s deal to buy Twitter has sparked a selloff of shares for one of the platform’s would-be rivals – former President Donald Trump’s fledging Truth Social network.
OnlyFans seeks IPO, but porn a turnoff for investors: report
OnlyFans is looking to partner up with a blank-check company, or SPAC, to lay the groundwork for an initial public offering -- but there are no takers despite the porn...
Trump's Truth Social launches with massive iPhone waitlist
Donald Trump’s Twitter alternative has finally launched on iPhone — but hundreds of thousands of would-be users are now stuck waiting in a lengthy queue to join.
BuzzFeed shares sink in IPO after spooked investors rock SPAC merger
Shares of BuzzFeed plunged as much as 17 percent in their Nasdaq debut on Monday, after its merger with a blank-check company was hit by a flurry of investor withdrawals...
Trump SPAC under investigation by feds, SEC
The special purpose acquisition company, or SPAC, that announced plans to merge with former President Donald Trump's new social media company is under investigation by federal regulators.
BuzzFeed investors pull funds as company plans to go public via SPAC: report
BuzzFeed, which is set to begin trading in the coming days, will likely raise "a fraction" of the $287.5 million it initially expected.
'Run afoul of SEC rules': Elizabeth Warren calls for probe into Trump SPAC
Digital World Acquisition Corp. plans to take Trump Media and Technology Group public, it announced last month, through the SPAC deal.
Hoop dreams: Kevin Durant launches $200 million SPAC
Brooklyn Nets star Kevin Durant has become the latest celebrity to endorse a blank-check firm after his Infinite Acquisition Corp filed for an initial public offering of up to $200...
These hedge funds stand to score big on Trump SPAC frenzy
With shares of Trump SPAC Digital World Acquisition Corp. soaring, a slew of hedge funds that previously reported owning shares in the company stand to win big.