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SPACs – XtremeCuztoms

Category: SPACs

Warburg, Sternlicht SPACs Discuss $20-Billion, 3-Way Deal for Allied Universal

February 15, 2022
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Blank-check companies backed by buyout firm Warburg Pincus and billionaire real estate investor Barry Sternlicht are in talks to take security services firm Allied Universal public in a $20 billion deal, according to a source familiar with the matter. The deal will involve three special purpose acquisition companies (SPACs)—Warburg Pincus Capital Corp. I-A, Warburg Pincus…

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Basketball Star Kevin Durant Launches $200 Million SPAC

November 5, 2021
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Brooklyn Nets star Kevin Durant has become the latest celebrity to endorse a blank-check firm after his Infinite Acquisition Corp filed for an initial public offering of up to $200 million on Wednesday. The filing comes amid a chill in the special purpose acquisition company (SPAC) market, due to tightening accounting guidance and regulatory scrutiny…

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