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The Corporate Development Executives Working on Digital-Media M&A businessinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessinsider.com Daily Mail and Mail on Sunday newspapers.
Close icon Two crossed lines that form an X . It indicates a way to close an interaction, or dismiss a notification. Left to right: Reid Hoffman, Joanna Coles, Kevin Mayer. Getty Images A growing number of SPACs are focusing on acquiring media companies and taking them public. Media vets like Charlie Ergen, Joanna Coles, and Greg Coleman are spearheading SPACs. Insider identified 12 media SPACs worth watching in media, telecommunications, and entertainment. A growing number of execs and investors are looking to cash in on media through special-purpose acquisition companies. SPACs are blank-check companies set up to acquire and take companies public, often with less scrutiny, cost and time than a traditional initial public offering. SPACs have been viewed critically by some as riskier for investors, but they have boomed over the past year. ....
Share this article Share this article NEW YORK, Jan. 20, 2021 /PRNewswire/ Group Nine Acquisition Corp. ( GNAC or the Company ), announced today the closing of its initial public offering of 23,000,000 units which included the full exercise of the underwriters over-allotment option, at a price of $10.00 per unit, resulting in aggregate gross proceeds of $230,000,000. GNAC is a newly organized, blank check company formed by Group Nine Media, Inc. for the purpose of carrying out a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities. The units began trading on the Nasdaq Capital Market ( Nasdaq ) under the ticker symbol GNACU on January 15, 2021. Each unit consists of one share of GNAC s Class A common stock and one-third of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one share of Class A common stock at an exercise pri ....
Group Nine Set to Go Public Friday, Prices $200 Million IPO Through Blank-Check Company lmtonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lmtonline.com Daily Mail and Mail on Sunday newspapers.
Newly-Formed 'Group Nine Acquisition Corp.' Prices $200 Million IPO, Kicking Off Today tubefilter.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tubefilter.com Daily Mail and Mail on Sunday newspapers.