#Lawyers fight back following attack on SPACs

#Lawyers fight back following attack on SPACs

“#Lawyers fight back following attack on SPACs” The nation’s top law firms are clapping back against an explosive lawsuit filed last week that argues so-called special-purpose acquisition companies, or SPACs, should be regulated as investment vehicles. In a letter released Friday, 49 of the most prestigious law firms in the US came to the defense…

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#Rivian reportedly seeks valuation of up to B in IPO

#Rivian reportedly seeks valuation of up to $80B in IPO

“#Rivian reportedly seeks valuation of up to $80B in IPO” Amazon-backed electric vehicle company Rivian is seeking a valuation of around $70-80 billion in its initial public offering, a source familiar with the matter told Reuters on Friday. Rivian confidentially submitted plans to federal regulators for an IPO, the company said in a statement. The company, which aims…

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#Forbes to become public company through 0M SPAC merger

#Forbes to become public company through $630M SPAC merger

“#Forbes to become public company through $630M SPAC merger” Forbes Global Media, the publisher of Forbes magazine, said Thursday that it will go public through a merger with a blank-check acquisition firm in a deal that values the combined entity at $630 million. The company said it will merge with special purpose acquisition company Magnum…

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