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SPAC Boom or Bust? SPAC true believers say the boom is about to begin, but the media says it's over and the bubble has burst. Which is it? Author: Apr 23, 2021 After another day of SPAC red, there are now over 300 SPACs that have common shares trading under $10. This is the real test now for SPAC investors. Believers will see this as the ultimate opportunity to prepare for a SPAC boom and drive hard on the yield + optionality play that SPACs offer. But, for those less confident in the SPAC narrative, and the growing number of pure doomsayers fueled by the media, this will be the ultimate sig...

The startup booked $30.4 million in sales from services this March, up 67% from the same month last year, Insider has learned. The last week of March alone had "significantly more new bookings" than any week in 2020, the company said. Rover has plans to go public through a merger with Nebula Caravel Acquisition Corp., a special purpose acquisition company, or SPAC , backed by True Wind Capital. The deal values Rover at $1.35 billion, and could close sometime in May, according to Easterly. Fifteen months ago, Rover was set to have its best...

(PRNewsfoto/True Wind Capital) SEATTLE, Feb. 11, 2021 /PRNewswire/ -- A Place for Rover, Inc. ("Rover") the world's largest network of five-star pet sitters and dog walkers, has entered into a definitive business combination agreement with Nebula Caravel Acquisition Corp. (Nasdaq:  NEBC) ("Caravel"). Caravel is a publicly traded special purpose acquisition company sponsored by True Wind Capital. Upon closing of the transaction, Caravel will be renamed Rover Group and remain Nasdaq-listed under the ticker symbol "ROVR". Rover Highlights Rover, the leading online marketplace for pet care, con...

Sysnet raises $65m in debt funding and clinches another acquisition The Irish business has acquired its third company in the last month and raised further funding from backers. Sysnet, a Dublin-based payments security company, has raised $65m in debt funding as it rolls on with its latest acquisition. The company has acquired NuArx, a US-based firm providing security solutions for payments technology. It marks the Irish company’s third acquisition in recent weeks, after it scooped up Viking Cloud and the managed compliance solutions division of ControlScan in December – all businesses in...

REUTERS/Lucas Jackson This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Special-purpose acquisition companies — aka "blank-check" companies — are having a moment on Wall Street. The investment vehicles raised more than $80 billion in 2020, more than five-times last year's total of $14 billion. SPACs have recently attracted bold-faced names such as hedge-fund titan Bill Ackman, LinkedIn founder Reid Hoffman, Silicon Valley power player Dragoneer Investment Group, and "Moneyb...