The Latest SPAC News and Rumors: June 2nd, 2021
by Marlena Haddad on 2021-06-02 at 11:33am

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.

SoFi starts strong, Yieldstreet and Hydrow consider going public via SPAC

 


SoFi Jumps 12% in Nasdaq Debut After Palihapitiya SPAC Merger

Stock-trading platform SoFi Technologies Inc. jumped 12% in its Nasdaq debut after completing its merger with investor Chamath Palihapitiya’s blank-check company last week.

The shares, which trade under the ticker SOFI, rose to $22.65 Tuesday from $20.15 Friday, when it still traded under the SPAC ticker IPOE. This compares with an all-time high of $25.78 in February.

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Hydrow Said to Explore Going Public at Over $1 Billion Valuation

Hydrow, maker of a $2,245 rowing machine, is exploring strategic options such as an IPO or merging with a SPAC, people with knowledge of the matter told Bloomberg.

The Cambridge, Massachusetts-based company is targeting a valuation of more than $1 billion and working with an adviser as it weighs options that also include raising fresh funding from private equity investors to fund domestic and international growth.

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Yieldstreet Raises $100M As It Mulls Going Public Via SPAC

Alternative investment platform Yieldstreet announced Tuesday that it has raised $100 million in a Series C funding round which brings it to $278.5 million in total raised since its 2015 inception. Co-founder Milind Mehere shared that Yieldstreet is considering going public via a SPAC  sometime in the next year or two.

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by Nicholas Alan Clayton on 2024-03-27 at 7:33am

At the SPAC of Dawn Much of the attention yesterday was on tracking the swings of the newly-completed Trump Media (NASDAQ:DJT) deal with the FT going as far to suggest it may “make SPACs great again.” Not all of the day’s data points were on the positive side of the ledger, however. IB Acquisition Corp....

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