Great SPAC Crash of 2022 Deepens as Investors Cash Out in Droves
The great SPAC crash is closing out the year in dramatic fashion as more shareholders prepare to cash out of the speculative-investing industry for good.
Global Banks Flee the Monster SPAC Market They Helped Create
Just a few years after banks helped create a gargantuan market for blank-check companies, they're pulling away from the deals, afraid of the risks. Goldman Sachs Group Inc. is ending its involvement ...
Kin Insurance, Omnichannel Terminate Plan for SPAC Merger
Digital home insurance company Kin Insurance Inc. and Omnichannel Acquisition Corp., a special purpose acquisition company, announced they have mutually agreed to terminate their plan to merge. The ...
Kin Seals Acquisition Deal Involving 43 State Insurance Licenses; Reverse Merger Pending
Kin Insurance, an InsurTech focused on home coverage and related technology, has completed the acquisition of an inactive insurance carrier holding licenses in 43 states. "Kin's advantages are most ...
Hagerty, an Insurer of Classic Cars, Will Go Public in $3B SPAC Deal
Hagerty, an insurer of classic cars, has agreed to go public through a merger with SPAC Aldel Financial Inc in a deal that values it at $3.13 billion, the companies said on Wednesday. Hagerty ...
Amid Hot Real Estate Market, InsurTech Hippo Eyes a Cool $638M Listing Today
Hippo Enterprises Inc. wants to change homeowners' insurance by using customer data to make it faster and easier to get coverage, Hippo's chief executive said in an interview. The company, which has ...
Kin CEO Harper Views SPAC Deal as ‘Time-Efficient’ Expansion Tool
Kin Insurance co-founder and CEO Sean Harper is aiming for the big leagues for his company, an InsurTech home insurance startup focused initially on catastrophe-prone regions. He envisions Kin, which ...
Home Coverage InsurTech Kin Will Go Public in SPAC Deal; National Expansion on Tap
Kin Insurance Inc., an insurance-technology startup that counts golfer Rory McIlroy among its investors, has agreed to go public through a merger with Omnichannel Acquisition Corp., a blank-check ...
Online Insurance Marketplace Policygenius Reportedly Exploring Going Public Through SPAC Merger
Policygenius Inc., an online insurance marketplace, is in talks to go public through a merger with the blank-check company PWP Forward Acquisition Corp. I, according to people with knowledge of the ...
SPACS, or Reverse Merger Companies, Raise Record $100B in 2021 So Far
Special purpose acquisition companies (SPACS) have raked in a record $100 billion through initial public offerings so far in 2021, data from Refinitiv showed, in what has been Wall Street's biggest ...