One of Wall Street’s newest and popular trends is the rise of special purpose acquisitions companies. A Special Purpose Acquisition Company (SPAC), also known as a "blank check company," is a company with no commercial operations that is formed strictly to raise capital through an initial public offering (IPO) for the purpose of buying an existing company. SPACs are generally formed by investors or sponsors, with expertise in a particular industry or sector, who have the intention of pursuing deals in that specific area. Although special purpose acquisition companies can result in windfall profits for investors, they can also be fraught with risk as highlighted in the SEC’s Investor Bulletin dated May 2021. Barchart’s Special Purpose Acquisition Companies list can help serve as a jumping-off point for investors as they compare different SPACs to find the best investment opportunities.
View Profiles of these companies.
Special Purpose Acquisition Company (SPAC) News
CoreWeave Stock Surges Over 40% After Initial Debut Woes. Is the Recent IPO a Good Buy Right Now? Barchart - Wed Apr 2, 11:21AM CDT CoreWeave stock jumped 42% after IPO struggles, as the Nvidia-backed AI cloud provider secures major deals with OpenAI and diversifies beyond Microsoft.
^ETHUSD : 1,808.519 (-0.53%) Newsmax Stock Soared 700% in Its IPO Thanks to Trump Link. Should You Buy the New NMAX Stock Now? Barchart - Tue Apr 1, 12:30PM CDT Newsmax stock has soared more than 1,000% since its NYSE debut. But there are reasons to believe NMAX will fail to sustain its current valuation moving forward.
Goldman Sachs Maintains $80 Price Target for Palantir Stock as CoreWeave IPO Causes AI Rumble Barchart - Fri Mar 28, 2:01PM CDT CoreWeave’s IPO created a significant buzz in the AI space on Friday. Goldman Sachs still remains “neutral” only on Palantir stock.
Nvidia-Backed CoreWeave Prices Its IPO Low. 7 Things to Know About CRWV Stock Now. Barchart - Fri Mar 28, 11:48AM CDT CoreWeave’s downsized IPO is still the largest tech offering in the U.S. since 2021. Here’s what you should know about CRWV stock on its Nasdaq debut.
^ETHUSD : 1,808.519 (-0.53%) Newsmax Starts Trading on March 31. Should You Buy NMAX Stock Following Its IPO? Barchart - Thu Mar 27, 2:28PM CDT The conservative media company’s IPO comes close on the heels of its $225 million private placement.
CoreWeave Starts Trading on March 28. Should You Buy CRWV Stock Following Its IPO? Barchart - Wed Mar 26, 9:09AM CDT The company is planning to raise $2.7 billion through this IPO.