Tag: special-purpose acquisition company

SPACs Are Having Their Day — In Court

New SEC rules for SPACs

Blank-check companies are booming again—in the courts. Two law professors are aiming at high-profile targets, filing suits that question the legality of a specific type of special-purpose acquisition company. Among them are billionaire William Ackman’s $4 billion Pershing Square Tontine Holdings Ltd., Go Acquisition Corp, co-founded by veteran entrepreneur Noam Gottesman, and E.Merge Technology Acquisition… Continue reading SPACs Are Having Their Day — In Court

Self-Driving Truck Startup Embark to Go Public in $5.2 Billion SPAC Deal

Cars, busses and trucks drive on multiple lane highways. Seen from above. Concept of mobility. The image is a 3D render.

Embark Trucks Inc. is merging with a special-purpose acquisition company to go public in a deal that values the self-driving truck startup at about $5.2 billion, the companies said. Founded in 2016, Embark says it is the oldest U.S. self-driving truck software firm and aims to partner with shippers to bring down carrier costs and… Continue reading Self-Driving Truck Startup Embark to Go Public in $5.2 Billion SPAC Deal