SYM News

After a dismal 2022, a number of SPAC mergers have outperformed this year alongside a strong rebound in IPO returns and the broader stock market. While most de-SPACs continue to trade below the $10 transaction price, investors may be finding hidden gems among the wreckage, and below we highlight... ...read more

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

SVF Investment 3, the fourth blank check company formed by SoftBank targeting technology-enabled sectors, raised $280 million by offering 28 million shares at $10. The company did not offer units with warrants attached. It may raise an additional $150 million at the closing of an acquisition (or up to $200 million at the forward purchase investors' election) pursuant...read more

SVF Investment 3, the fourth blank check company formed by SoftBank targeting technology-enabled sectors, lowered the proposed deal size for its upcoming IPO on Monday. The San Carlos, CA-based company now plans to raise $280 million by offering 28 million shares at $10. The company had previously filed to offer 35 million units at the same price. SVF Investment 3 now plans to...read more