BALA CYNWYD, PA / ACCESSWIRE / January 25, 2021 / Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Spartan Acquisition Corp. II ("Spartan" or the "Company") (NYSE:SPRQ) for possible breaches of fiduciary duty and other violations of federal and state law in connection with a merger agreement pursuant to which Spartan, a special purpose acquisition company, will combine with Sunlight Financial LLC ("Sunlight"), a premier U.
Taboola to go public via SPAC at $2 6 billion valuation yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
(Bloomberg) Blackstone Group Inc.’s Alight Solutions has agreed to go public via a merger with a special purpose acquisition company backed by investor Bill Foley.The deal by Foley Trasimene Acquisition Corp would value Alight, a benefits administrator business, at about $7.3 billion including debt, the companies said in a statement Monday.Based in Lincolnshire, Illinois, Alight provides human-resource support services such as payroll, health benefits and employee communications for large companies in 188 countries, according to its website. The company was a division of Aon Plc until Blackstone bought it in 2017 in a transaction valued as much as $4.8 billion. Since then, Alight has acquired several other human-resources and technology companies.In 2019, Blackstone postponed its plans for Alight to raise as much as $800 million in an initial public offering just before final pricing due to market conditions, people familiar with the matter told Bloomberg News then.Foley, 76,
socaltech.com
GigCapital2, the Special Purpose Acquisition Company (SPAC) which is merging with Los Angeles-based
Cloudbreak Health, said it has raised $285M in capital, which is part of its business combination with UpHealth Holdings and Cloudbreak Health. According to the company, the funding will go to support the combined company s growth as a public company. GigCapital2 did not say where the funding came from, but said the capital raise included 3,000,000 shares of GigCapital2 common stock at $10.00 per share and $255,000,000 of 5-year unsecured convertible notes which shall bear interest at a rate of 6.25% per annum, and are convertible into common shares of the combined company, UpHealth, Inc., at a conversion price of $11.50. Cloudbreak offers up telehealth solutions within hospitals, including telepsychiatry, telestroke, tele-quarantine, remote patient monitoring and other specialties, particularly around translation and language access.
Ernest Werlin
Chaos theory is the science of surprises. By understanding how our ecosystems and our economic systems are interconnected, we can hope to avoid actions detrimental to our long-term well-being. One example is the butterfly effect. This refers to the impact of a butterfly that has flapped its wings in New Mexico subsequently causing a hurricane in China.
Over my lifetime, I have observed how seemingly singular events can have global repercussions. The OPEC oil embargo, the meltdown of hedge fund Long Term Capital Management and the subprime mortgage implosion created worldwide meltdowns.
Is there an economic tsunami in the offing? The fantastic run-up in the prices of initial public stock offerings (IPOs), the boom in financings by Special Purpose Acquisition Companies, and the absurdly low level of interest rates offered by high risk CCC bond issuers could have significant downward repercussions.