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    Special purpose acquisition companies

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    • Friday, 24 November, 2023
      Markets InsightWilliam 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
    • Sunday, 2 July, 2023
      Miner ACG to raise $300mn in test of London’s capital markets

      Spac seeks to buy mines in Brazil in deal backed by Glencore, Stellantis and Volkswagen

    • Thursday, 29 June, 2023
      Digital World Acquisition Corp
      Three men charged with insider trading related to Trump media Spac

      US authorities allege more than $20mn in ill-gotten profits after private merger information was shared

      An image of former US president Donald Trump reflected in a phone screen displaying the Truth Social app
    • Tuesday, 27 June, 2023
      LexElectric vehicles
      Lordstown Motors: EV maker’s ruin is among Spac blowbacks that will endure Premium content

      Start-up is one of several companies that burnt through cash raised via special purpose acquisition companies

      Lordstown’s Endurance electric pick-up truck
    • Tuesday, 27 June, 2023
      Lordstown Motors
      Lordstown Motors files for bankruptcy protection

      Struggling automaker accuses Taiwanese group Foxconn of reneging on commitments

      A sign reading ‘Ride with Lordstown’ at the company’s headquarters
    • Wednesday, 17 May, 2023
      Lex
      Martin Franklin: blank-cheque vehicle is a bet on a veteran deal maker Premium content

      Flotation will test London’s new rules for Spac-style fund raisings

      Martin Franklin
    • Monday, 24 April, 2023
      Hambro Perks Spac to wind down after abrupt departure of boss

      Acquisition vehicle was first Spac set up under new UK rules

      London skyline
    • Tuesday, 18 April, 2023
      Venture capital investment
      Hambro Perks boss abruptly leaves VC firm

      Exit of co-founder Dominic Perks casts doubt over future direction of investment groups

      Dominic Perks
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