SPACInsider Logo
Happy Fourth of July
by Kristi Marvin on 2018-07-03 at 1:58pm

“I have never found any blank-check investment vehicle attractive. No matter what the reputation or what the sponsor might be. . . . They are the ultimate in terms of lack of transparency.”

 — Arthur Levitt, former SEC Chairman

That’s a great quote…and it’s especially ironic given that Arthur Leavitt is currently Senior Advisor to the Carlyle Group, which is the Sponsor of Regalwood Global Energy.  Oops.

I cannot tell you how many times I’ve seen or heard negative quotes like that about SPACs.  Mostly, they are from people who aren’t that well informed about the product. Or, as is the case with Arthur Leavitt, he’s referring to a time when Blank Check Companies actually were a terrible product. (To be fair, that quote from Arthur is very old.)

However, SPACs have since evolved.  Bigger, better, more badass now.

So for fun, I found some old articles from back in the day that shows how the product (and the reporting) have changed over the years.  Here’s hoping that one day in the near future, financial reporters will stop referencing SPACs from “the bad old days”.  (Seriously, it’s a different product now. Please find a new angle.)

Note: It’s July 4th tomorrow and unless something crazy gets filed or there’s a major news announcement Thursday or Friday, we won’t be back until Monday. 

Have a great Fourth of July, everyone!


SPAC Articles Through the Years 

2005: Crave Huge Risk? This Investment May Be for You

2007:  Wall Street’s New Status Symbol: The SPAC

2008: $300 Million to Burn, With a Catch

2016:  More Wall Street banks, investors help write blank checks

2018: Why Are Top CEOs Flocking To SPACs (Blank Check Companies)?


Recent Posts
by Sam Beattie on 2022-12-02 at 7:10pm

Terms Tracker for the Week Ending December 2nd, 2022 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. As we slide into December, and the holiday season, we recognized two new S-1 registration statements and zero IPOs. The two new S-1s consisted of...

by Marlena Haddad on 2022-12-02 at 5:38pm

  Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.  Latest SPAC Liquidations: NightDragon, VectoIQ II, and Fortistar Sustainable Solutions Corp. Night Dragon Acquisition Corp. Will Redeem Its Public Shares and Will Not Consummate an Initial Business Combination NightDragon Acquisition Corp. (NASDAQ: NDAC) anticipates that the last trading day...

by Marlena Haddad on 2022-12-02 at 4:38pm

Lakeshore Acquisition I Corp. (NASDAQ:LAAA) disclosed this afternoon that its shareholders have approved its business combination with medical device company ProSomnus during a special meeting held earlier today. Approximately 92.4% of the votes cast at the meeting on the business combination proposal, representing approximately 80.5% of Lakeshore’s outstanding shares, voted to approve the deal. The SPAC disclosed...

by Marlena Haddad on 2022-12-02 at 11:38am

  Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.  Latest SPAC News: Embark director Elaine Chao and others sued over SPAC merger, Alvotech switches CEO and takes COO from Teva, and Uber Freight and Aurora expand pilot  Embark Director Elaine Chao, Others Sued Over SPAC...

by Nicholas Alan Clayton on 2022-12-02 at 7:51am

SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among potential targets in the security industry. We look at why they are compelling and why each could be a fit for a blank-check merger. Security is on the market’s mind and is expected to grow at a CAGR...

Privacy Policy|Terms Of Use
Copyright © 2022 SPACInsider, Inc. All Rights Reserved