US fund relaunch could include right to buy extra shares or stock in billionaire’s hedge fund
With traditional IPOs have been far and few, so-called blank cheque companies have been seeking to fill the void
Delay marks a setback for the billionaire hedge fund manager who hoped for one of the largest listings in history
An investing class left for dead after early excesses and poor performance shows signs of life
Plus, how Europe’s playing catch up with a new Nato tech defence fund
Meet Ben F orgers (we wish we were making this up)
Citadel Securities attacks Devin Nunes after letter to Nasdaq raises concerns over naked short selling
Colorado’s BF Borgers has built the eighth-largest client list of any US audit firm in just 15 years
Auditor warns of ‘substantial doubt’ about future of business as it reports less than $1mn in quarterly revenue
Plus, the heat rises on Sullivan Cromwell’s FTX fees and Adam Neumann begins to put together a WeWork bid
Shares of company behind former president’s Truth Social platform rise 16% in first day of trading
TMTG looks like a rightwing meme stock combined with the classic pathologies of the blank cheque bubble
Company behind Truth Social site will list on Nasdaq with the ticker symbol DJT next week
Litigation with a former partner hangs over Friday’s vote to take Truth Social network public
Porticoes Capital bets on further turmoil with approval to take over collapsed lenders from FDIC
Existing shareholders will own 98.1% of new company and control all voting rights
Legal fight complicates path to public listing for Truth Social operator that could provide windfall for former president
Lack of new listings and stalled mergers dim prospects for ‘blank-cheque companies’
Wish’s strategy can be thought of as a free call option on an M&A punt
China Bridge Capital lawsuit underscores how quickly relations soured as Spac boom ended
It’s too late, Gary, now it’s too late
Newly created entity acquired by blank-cheque company led by Hollywood veterans Harry Sloan and Jeff Sagansky
Multibillion-dollar investment in start-up soured as interest rates rose and Spac craze ended
Once high-flying company gained a $1bn valuation five years ago, but has since struggled to make profits
Collective amnesia is a reminder of the risks of investments offering an illusory prospect of easy wealth
