Fri.Jan 08, 2021

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Will SPACS Be Back (With A Bang) In 2021?

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In only one example noted in this space, as reported this week , tech startup Social Finance (SoFi) is closing a merger deal with blank-check firm Social Capital Hedosophia Holdings Corp. Thus far in 2021, as of this writing, there have been 27 SPAC IPOs, according to the site, which have generated $6.6 billion in gross proceeds.

Finance 94
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CarLotz Gets Go-Ahead From Its Shareholders For Merger With SPAC

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8) that it has attained the needed green light from its shareholders, including the go-ahead from a supermajority of minority shareholders, to finish a proposed merger with blank-check company Acamar Partners Acquisition Corp., CarLotz, Inc. said on Friday (Jan. according to an announcement.

Retail 80
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Today In Retail: CarLotz Gets Green Light From Its Investors For Merger; PriceSmart’s Net Merchandise Sales Climb 7.7 Pct

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says it has received the necessary approval from its investors to complete a potential merger with a blank-check company, while PriceSmart, Inc. In today’s top retail news, CarLotz, Inc. reported a 7.7 percent rise in net merchandise sales from Q1 fiscal 2020 to Q1 fiscal 2021.