PSNY News

About 440 companies have listed via SPAC mergers in the past five years, with only 9% (40) currently trading above their original IPO price. Below, we highlight the 15 de-SPACs in that group that are sizable, have positive revenue growth and EBITDA, and decent trading volume.

- Consumer names are well-represented on this list, with both consumer staples such as...read more

Swedish electric vehicle developer Polestar Automotive (PSNY) began trading on the Nasdaq on June 24 after completing one of the largest-ever SPAC mergers, a deal that valued the company at $20 billion. Including the PIPE, Polestar received about $890 million from the transaction, making it the year’s largest de-SPAC by money raised, with a relatively low...read more

Gores Guggenheim, a blank check company formed by The Gores Group and Guggenheim Partners, raised $750 million by offering 75 million units at $10. Each unit consists of one share of common stock and one-fifth of a warrant, exercisable at $11.50. The company is led by Chairman Alec Gores, the founder and CEO of The Gores Group; ...read more

Gores Guggenheim, a blank check company formed by The Gores Group and Guggenheim Partners, filed on Monday with the SEC to raise up to $750 million in an initial public offering. The Boulder, CO-based company plans to raise $750 million by offering 75 million units at $10. Each unit consists of one share of common stock and one-fifth of a warrant, exercisable at $11.50. At the...read more