HLACU News

Highland Acquisition, a blank check company formed by the founders of Highland Capital Management, withdrew its plans for an initial public offering on Monday. It had filed to raise $250 million by offering 25 million units at a price of $10. The Dallas, TX-based company was founded in 2016 and had planned to list on the Nasdaq under the symbol HLACU. Ladenburg Thalmann was...read more

The week's leading IPO is a $250 million blank check company, a clear sign that the dog days of summer have taken hold in the US IPO market. Strong returns from recent IPOs indicate an open market when activity resumes in September. The Renaissance IPO Index was up 1.5% in the past week, and has gained 31% since its low in mid-February. The S&P 500 recently hit an...read more

Highland Acquisition, a blank check company formed by the founders of Highland Capital Management, announced terms for its IPO on Monday. The Dallas, TX-based company plans to raise $250 million by offering 25 million shares at a price of $10. At the proposed price, Highland Acquisition would command a fully diluted market value of $313 million.  Highland Acquisition...read more