- Ellliott Management, the hedge fund led by Paul Singer and best know for is activist campaigns, has been meeting with bankers as it considers raising more than $1b for a special purpose acquisition company, the WSJ said, citing people familiar.
- The process is at an early stage and plans could still change.
- Other activists involved in SPAC's include Pershing Square's Bill Ackman, whose vehicle is called Pershing Square Tontine Holdings (NYSE:PSTH) and Starboard's Jeff Smith, who's SPAC is called Starboard Value Acquisition Corp. (NASDAQ:SVAC).
- Earlier, SPACs are making acquisitions more expensive, says Nano Dimension CEO - whose own stock trades at a vast valuation.
- Recall Feb. 5, Apollo Global Management ups size of second SPAC as first one reportedly nears M&A deal.