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Five SPAC mergers have gone bankrupt this year, tying 2022

A growing list of de-SPACs have gone bankrupt, adding further pressure to the beleaguered blank check space. Year-to-date, five companies that went public via SPAC merger have filed for bankruptcy, matching the full-year total from 2022 with more than eight...read more

US IPO Weekly Recap: Toast gets buttered up in a 13 IPO week

It was another busy week for the fall IPO market as 13 IPOs raised $4.6 billion led by restaurant payment processor Toast (TOST), which jumped 56% in its debut. Six SPACs also went public, and one IPO postponed: Canadian consumer products company ...read more

Kingstown Capital's SPAC Inflection Point Acquisition prices $300 million IPO

Inflection Point Acquisition, a blank check company formed by Kingstown Capital targeting consumer and tech, raised $300 million by offering 30 million units at $10. Each unit will consist of one share of common stock and one-half of a warrant, exercisable at...read more