AMPI.U News

The recently-enacted Inflation Reduction Act introduced a 1% excise tax on stock buybacks beginning in 2023, and in the absence of guidance from the Treasury Department, it is unclear whether the tax applies to SPAC share redemptions. More and more SPACs are acting as if it will, and......read more

Advanced Merger Partners, a blank check company formed by Houlihan Lokey and Saddle Point Management, raised $250 million by offering 25 million units at $10. Each unit consists of one share of common stock and one-sixth of a warrant, exercisable at $11.50. The company is led by Chairman John Mavredakis, who has been Senior Managing Director...read more

Advanced Merger Partners, a blank check company formed by Houlihan Lokey and Saddle Point Management, filed on Monday with the SEC to raise up to $250 million in an initial public offering. The New York, NY-based company plans to raise $250 million by offering 25 million units at $10. Each unit will consist of one share of common stock and one-fourth of a warrant, exercisable...read more