Photograph of skyscrapers with glass windows from the ground facing up to a blue sky

Tag: SPAC

3 Things the BuzzFeed Merger Tells Us About SPACs

3 Things the BuzzFeed Merger Tells Us About SPACs

3 Things the BuzzFeed Merger Tells Us About SPACs

It’s everyone’s favorite spot for personality quizzes, news about celebrity Instagram posts and viral videos of food absurdities. Now thanks to a special purpose acquisition company – more commonly known as a SPAC – BuzzFeed is about to hav...

Read More
Accounting Issues Warrant Caution on SPACs

Accounting Issues Warrant Caution on SPACs

Accounting Issues Warrant Caution on SPACs

If you need proof that no good deed goes unpunished, look at Luminar Technologies. Like so many other companies in recent years, it went public through a SPAC merger. But when it did the right thing and posed an accounting question to the ...

Read More
Is the SEC Ready to Play Ball with SPACs?

Is the SEC Ready to Play Ball with SPACs?

Is the SEC Ready to Play Ball with SPACs?

If you’re a baseball card enthusiast who left your collection to gather dust in an attic somewhere, you may want to stop reading now. Earlier this year, a 1952 Mickey Mantle in mint condition sold at auction for $5.2 million. The original c...

Read More
WeWork Goes Public . . . Again

WeWork Goes Public . . . Again

WeWork Goes Public . . . Again

We hate to see any IPO go bust, as WeWork’s did in spectacular fashion back in 2019. But look, we can’t lie either. Anytime the financial story of the year is driven by a securities filing – in this case, WeWork’s famously colorful S1 – it’...

Read More
SPACs: Money for Nothing?

SPACs: Money for Nothing?

SPACs: Money for Nothing?

“Special purpose acquisition companies.” The name sounds only slight less sexy than its more commonly used acronym: SPAC. The packaging may be plain, but that hasn’t stopped SPACs from becoming the hottest investments on Wall Street. Some m...

Read More