Special Purpose Acquisition Company news and trends

Saxo Bank Weighs Sale After SPAC Collapses
Banking // April 16, 2024

Saxo Bank is reportedly pursuing a possible sale following an ill-fated attempt to go public. The Danish bank, which offers digital investment and trading services, recently invited investment bankers to audition for advisory roles in a possible sale, sources told Reuters in a report published Tuesday (April...

Mortgage Lender Better.com Plans SPAC Listing
SPAC // August 13, 2023

Digital mortgage lender Better.com is set to go public later this month. The company said in a securities filing Friday (Aug. 11) that it will combine with Aurora Acquisition Corp. a special purpose acquisition company (SPAC), and plans to go public on or about Aug. 23. A report Friday by...

Boxed Bankruptcy Shows Cracks in Pandemic’s SPAC Funding Frenzy
Retail // April 04, 2023

It seems like a lifetime ago — SPACs were the “it” way to take companies public. And during the pandemic, eCommerce delivery businesses were the “it” business model. The disruptors, sometimes, get disrupted. The latest reminder came over the weekend when Boxed, the online grocery retailer, filed...

Crypto 1 Acquisition to Liquidate 12 Months After $230M IPO 
Cryptocurrency // December 09, 2022

Crypto 1 Acquisition Corp. plans to dissolve and liquidate by Dec. 19.  The special purpose acquisition company (SPAC) has been primarily focused on mergers with cryptocurrency and FinTech companies, according to a Friday (Dec. 9) press release.  “The company anticipates that the company cannot consummate an...

Quick Reads
Crypto Company Fold Set to Go Public in SPAC Merger

July 24, 2024
Fold, which describes itself as a “bitcoin financial services company” is set to go public. The company plans to list on Nasdaq after merging with publicly-traded special purpose acquisition company (SPAC) FTAC Emerald Acquisition Corp, Fold announced in a news release Wednesday (July 24). “By integrating bitcoin across traditional financial services, Fold acts as a key point […]

Saxo Bank Weighs Sale After SPAC Collapses

April 16, 2024
Saxo Bank is reportedly pursuing a possible sale following an ill-fated attempt to go public. The Danish bank, which offers digital investment and trading services, recently invited investment bankers to audition...

Mortgage Lender Better.com Plans SPAC Listing

August 13, 2023
Digital mortgage lender Better.com is set to go public later this month. The company said in a securities filing Friday (Aug. 11) that it will combine with Aurora Acquisition Corp. a special purpose...

Crypto 1 Acquisition to Liquidate 12 Months After $230M IPO 

December 09, 2022
Crypto 1 Acquisition Corp. plans to dissolve and liquidate by Dec. 19.  The special purpose acquisition company (SPAC) has been primarily focused on mergers with cryptocurrency and FinTech companies, according to...