Browsing Tag:SPAC

virgin-orbit-in-talks-with-spac-for-3-billion-deal-to-go-public
Richard Branson's Virgin Orbit takes off on a rocket under the wings of a modified Boeing 747 jetliner for a major drop test of its high-altitude launch system for satellites from Mojave, Calif., July 10, 2019.Mike Blake | ReutersVirgin Orbit, the satellite launch spin-off from Sir Richard Branson's Virgin Galactic, is in advanced discussions to go public via...
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bill-ackman-sees-universal-music-spac-deal-closing-later-this-month
Bill Ackman, Founder and CEO of Pershing Square Capital Management.Adam Jeffery | CNBC Billionaire investor Bill Ackman said Friday he expects to close his SPAC deal to purchase 10% of Universal Music Group for approximately $ 4 billion by the end of this month.Ackman's blank check firm Pershing Square Tontine Holdings (PSTH) is likely to close the deal...
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sec-is-scrutinizing-spac-projections-seeks-clearer-disclosures
Saul Loeb | AFP | Getty ImagesThe SEC is eyeing potentially misleading profit forecasts from SPAC sponsors and is seeking clarification. An official warned Thursday that the agency may enact a future regulation to contain them.Special acquisition companies called SPACs or blank check funds are a hot ticket item on Wall Street.More from Personal Finance:There are...
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