Law 360 M&A

FEBRUARY 17, 2023

is the latest blank-check company to see a wave of investors choosing to redeem their stock for cash as the deadline to complete a business combination looms.

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Marketability 74

Law 360 M&A

DECEMBER 4, 2023

Aimei Health Technology, a blank-check company focused on healthcare targets, priced its initial public offering at $60 million on Friday ahead of its Monday listing on the Nasdaq, offering 6 million units at $10 apiece.

Technology 40

Technology 40

Law 360 M&A

OCTOBER 18, 2023

to private equity-backed West Star Aviation in an approximately $131 million deal guided by Latham & Watkins LLP and Blank Rome LLP to "materially benefit the group's stakeholders." Gama Aviation said Wednesday it has agreed to sell its maintenance, repair and overhaul business in the U.S.

Equity 40

Equity 40

Law 360 M&A

JUNE 27, 2022

Blank Rome LLP said it has continued growing its Los Angeles office by adding a DLA Piper corporate attorney as a partner in its corporate, mergers and acquisitions and securities practice group.

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Law 360 M&A

APRIL 24, 2023

A blank-check company that was formed to acquire a business focused on advancing environmental, social and corporate governance principles agreed to dissolve on Monday and return investors their money, about 18 months after completing a $230 million initial public offering.

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Law 360 M&A

JULY 24, 2023

Blank Rome LLP announced Monday that it has expanded its Texas footprint with a Dallas office with lawyers from Block & McNeill LLP, Faegre Drinker Biddle & Reath LLP, Alston & Bird LLP and Locke Lord LLP.

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Law 360 M&A

APRIL 29, 2022

Blank Rome LLP has brought on a Kirkland & Ellis LLP partner with extensive trans-Atlantic sanctions and export controls experience to lead its international trade and national security team.

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Law 360 M&A

DECEMBER 6, 2022

Blank Rome LLP has announced the promotion of 12 attorneys to partner, along with four lawyers to of counsel roles, effective Jan.

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Benzinga

FEBRUARY 6, 2023

06, 2023 (GLOBE NEWSWIRE) -- Blank Rome LLP is pleased to announce that Robert Handler has joined the firm's Corporate, M&A, and Securities practice group as senior counsel in the Los Angeles office. We are thrilled to welcome Rob to our Los Angeles office," said Grant Palmer , Blank Rome's Chair and Managing Partner.

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Corporate Finance Finance Marketability 40

Benzinga

MAY 19, 2023

May 19, 2023 (GLOBE NEWSWIRE) -- Point Blank Enterprises ("Point Blank"), a worldwide leader in the production of soft and hard body armor and aviation protective solutions, is pleased to announce the acquisition of Safe Incorporated ("Safe") in Tempe, AZ. POMPANO BEACH, Fla.,

Technology 40

Technology 40

Financial Times M&A

MARCH 13, 2024

Porticoes Capital bets on further turmoil with approval to take over collapsed lenders from FDIC

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Banking 93

Benzinga

JUNE 23, 2022

Los Angeles, CA, June 23, 2022 (GLOBE NEWSWIRE) -- Blank Rome LLP is pleased to announce that David E. David is the latest addition to Blank Rome's growing Los Angeles team, which welcomed real estate partner Saul Breskal and of counsel Jamie Garelick earlier this year. He joins the firm from DLA Piper.

Finance 40

Finance 40

Law 360 M&A

NOVEMBER 10, 2022

Blank Rome LLP hired a new of counsel from Willkie Farr & Gallagher LLP with experience in joint venture lending and several large multinational deals for the real estate team in its New York office, the firm announced Thursday.

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Law 360 M&A

SEPTEMBER 20, 2022

Blank-check company Global Star Acquisition Inc. traded slightly down on its first day on the Nasdaq on Tuesday after raising $80 million in an initial public offering that priced Monday and was guided by Nelson Mullins Riley & Scarborough LLP and Mayer Brown LLP.

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Law 360 M&A

JUNE 6, 2022

Gibson Dunn & Crutcher LLP-represented Compass Diversified Holdings struck a $530 million deal to buy Blank Rome LLP-represented PrimaLoft Technologies Holdings Inc., which makes high-end outerwear insulation for brands such as Patagonia and Nike, the companies said Monday.

Technology 40

Technology 40

Benzinga

JULY 6, 2022

Los Angeles, CA, July 06, 2022 (GLOBE NEWSWIRE) -- Blank Rome LLP is pleased to announce that Rebekah Prince has joined the firm's Corporate, M&A, and Securities practice group as a partner in the Los Angeles office. She joins the firm from Barnes & Thornburg LLP.

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Law 360 M&A

APRIL 9, 2024

and the blank-check company that took it public for $3.3 Board directors of electric truck maker Nikola Corp. billion in 2020 must face shareholders' derivative claims of insider trading, securities fraud and merger-related breaches after Delaware's Court of Chancery on Tuesday denied more than half of the defense's motions to dismiss.

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Musings on Markets

JUNE 9, 2021

In fact, “blank check” companies had a brief boom in the late 1980s, before regulation restricted their use, largely in response to their abuse, especially in the context of "pump and dump" schemes related to penny stocks. Thus, it cannot be used as a shell company that chooses to alter its business purpose after the acquisition.

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Start-ups Marketability Banking Corporate Finance 52

Appraisers Blog

FEBRUARY 1, 2024

They have the information for many of the AMCs and can fill in the blanks. As a follow up, they want all AMC information regardless of if you have what they charged the consumer or not.

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Law 360 M&A

MAY 14, 2024

Stockholders who lost big after a blank-check company took carbon-capture venture LanzaTech NZ Inc. public in a purportedly $1.8 billion reverse-merger in February 2023 have sued for damages in Delaware's Court of Chancery, alleging disclosure failures and other defects prior to closing.

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Law 360 M&A

MAY 13, 2024

An investor has sued a blank-check company and several of its top brass in Delaware Chancery Court, alleging the defendants protected their buy-ins while leaving public investors to suffer losses following a merger with satellite imaging company BlackSky Holdings Inc.

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Law 360 M&A

JUNE 24, 2022

SK Growth Opportunities Corp., an ESG-focused special-purpose acquisition company, began trading Friday after it priced a $200 million initial public offering advised by Kirkland & Ellis LLP and underwriters counsel Skadden Arps Slate Meagher & Flom LLP.

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Harvard Corporate Governance

MARCH 12, 2024

Special Purpose Acquisition Companies (SPACs), a form of blank check company, raise funds in an initial public offering (IPOs) with the aim of merging with a private target and facilitating its public listing. Related research from the Program on Corporate Governance includes SPAC Law and Myths (discussed on the Forum here ) by John C.

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Law 360 M&A

APRIL 25, 2024

A Delaware vice chancellor said Thursday she needs more information from the sponsor of the blank-check company that took Donald Trump's Truth Social public about a bond it requested during litigation with some of the company's stockholders.

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Harvard Corporate Governance

MARCH 31, 2022

I don’t just mean the first stage—when the blank-check company goes public (which I call the “SPAC blank-check IPO”). Aristotle captured an overarching principle with his famous maxim: Treat like cases alike. [1]. SPACs present an alternative method to go public from traditional IPOs.

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Marketability 202

Law 360 M&A

JANUARY 3, 2023

Special purpose acquisition company Ace Global Business Acquisition II, which had hoped to acquire a business in the decarbonization, gaming or e-commerce industries, on Tuesday withdrew its plans for a $65 million initial public offering, marking the latest setback for the SPAC market.

Marketability 40

Marketability 40

Law 360 M&A

APRIL 26, 2024

An attorney for a blank-check company that took ATI Physical Therapy Inc. public told Delaware's Court of Chancery on Thursday it has agreed to settle two proposed stockholder class actions in conjunction with pending federal class and derivative suits in the Northern District of Illinois.

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Law 360 M&A

APRIL 18, 2024

Shareholders in a blank-check company that failed to take a Philippines casino public have intervened in two Delaware Chancery Court lawsuits to recoup their failed investments, with one seeking to litigate damages from the busted $2.6 billion deal and the other pushing for the company's liquidation.

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Law 360 M&A

APRIL 19, 2024

Stockholders in a blank-check company that failed to merge with a Philippines-based casino are entitled to a distribution from $37.5 million sitting in trust, but the company may not redeem any shares until an investor's Delaware lawsuit plays out, a Chancery Court vice chancellor said Friday.

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Appraisers Blog

MAY 4, 2024

Appraiser who start out with a blank canvas (so to speak), with no asking price information provided to them, — obtaining data only by available visual information and records of the property and improvements itself, to work up the estimate and appropriate comps. In reply to Spencer Paul.

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Comps Start-ups Appraisal 60

Law 360 M&A

APRIL 9, 2024

advised by Lowenstein Sandler LLP, on Tuesday unveiled plans to go public through a merger with blank-check company Blockchain Coinvestors Acquisition Corp. Financial technology investment platform Linqto Inc., I, advised by Seward & Kissel LLP, in a deal valued at $700 million.

Technology 52

Technology 52

Law 360 M&A

MARCH 29, 2023

Special-purpose acquisition company Trailblazer Merger Corporation I began trading Wednesday after raising $60 million through an initial public offering, hoping to acquire a technology-focused U.S. company, represented by Loeb & Loeb LLP and underwriters counsel Haynes and Boone LLP.

Technology 40

Technology 40

Financial Times M&A

OCTOBER 24, 2023

Tony Fernandes’s Capital A conglomerate on fundraising campaign ahead of merger with blank-cheque company

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Law 360 M&A

APRIL 4, 2024

Investors have sued the sponsor of a blank-check company and several of its directors and controllers in Delaware's Chancery Court, accusing them of overvaluing a merger with digital finance platform MoneyLion, which was sued by the Consumer Financial Protection Bureau in 2022.

Finance 52

Finance 52

Law 360 M&A

MARCH 26, 2024

A former stockholder of a blank check company that merged with intelligent energy storage business Stem Inc. filed a proposed class action in Delaware's Court of Chancery Tuesday, alleging breaches of fiduciary duty and unjust enrichment in connection with the April 2021 merger.

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Law 360 M&A

APRIL 8, 2024

a hotel prop-tech operator pioneering a standardized "condotel" business model, announced Monday that it plans to go public through a merger with blank-check company JVSPAC Acquisition Corp. Singapore-headquartered Hotel101 Global Pte Ltd., in a deal built by three firms that will give it an equity value of $2.3 billion post-closing.

Equity 52

Equity 52

Law 360 M&A

FEBRUARY 20, 2023

Delaware's Court of Chancery restored confidence to millions of investors in former blank-check companies Monday, validating more than a billion publicly-traded shares that a vice chancellor's decision called into doubt late this past year.

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