ALIT News

Despite headwinds in the SPAC market, some small companies are abandoning their traditional public offering plans in favor of the IPO alternative. Early-stage alfalfa producer African Agriculture (AAGR) and preclinical drug developer Intrinsic Medical (INRX) are the latest IPO candidates to pursue public listings via SPAC mergers. Originally...read more

Foley Trasimene Acquisition, the second blank check company formed by financial services veteran Bill Foley, raised $900 million by offering 90 million units at $10, making it the second largest SPAC of 2020 and tying for the second largest SPAC of all time. The company originally planned to offer 75 million units. Each unit consists of one share of common stock and one-third of a...read more

Foley Trasimene Acquisition, a blank check company formed by financial services veteran Bill Foley, filed on Friday with the SEC to raise up to $750 million in an initial public offering. The Las Vegas, NV-based company plans to raise $750 million by offering 75 million units at a price of $10. Each unit consists of one share and one third of a redeemable warrant exercisable at...read more

After more than 30 years, iconic jeans brand Levi Strauss & Co.  (LEVI) returned the public market this week, along with UP Fintech Holding (TIGR) and another SPAC, Insurance Acquisition (ILSUU). Photo sharing platform Pinterest (PINS) filed for an IPO that we...read more