Also known as blank check companies, SPACs offered firms a back door route to becoming a public company by getting acquired by a shell company. But the 2021 trend didn’t last long as more than 60% of ...

As advisers to New America, Eric was awarded an interest in three million founder shares and Don Jr. gained two million ...

Blank check companies typically have between 18 to 24 months to buy a company, or they must return the money to investors. Roughly 39% of the Class of 2021 was able to complete a merger, or de ...

Special purpose acquisition company BoluoC Acquisition has filed for an initial public offering. The Cayman Islands company plans to offer 6 million units at $10 apiece, according to a filing Friday ...

New America Acquisition I Corp, a firm backed by Eric Trump and Donald Trump Jr., filed for an initial public offering of up to $300 million.

Goldman Sachs Group Inc. is wading back into the market for SPACs three years after stricter regulatory scrutiny prompted a self-imposed ban on handling so-called blank-check companies.

Blank check companies are on track this year to raise $25 billion, a nearly 85% drop from 2021, but a total Kwasnick thinks is more sustainable. “There’s still huge demand for the SPAC market ...