Articles tagged “spac”

News Blog

Luxury Hospitality Brand Inspirato Again Risks Losing Its Nasdaq Listing

Just more than a month after luxury hospitality brand Inspirato executed a reverse stock split to meet Nasdaq listing requirements, the company said Friday it received a Nasdaq notice on November 27 that its market cap fell below the $15 million stock exchange minimum for the 30 days that ended a week earlier. A property…

Dennis Schaal | 4 weeks ago

News Blog

Surf Air Mobility Drops SPAC, Plans Direct IPO

Surf Air Mobility plans to list directly on public markets in the U.S. after ending a planned $1.4 billion special purpose acquisition company, or SPAC, listing. The California-based aviation company still plans to merge with regional airline Southern Airways Express as part of an initial public officer (IPO), Southern CEO Stan Little confirmed. Surf Air…

Edward Russell | 1 year ago

News Blog

Selina Files Paperwork to Move a Step Closer to Going Public Through SPAC

Hospitality brand Selina has filed paperwork with the U.S. Securities and Exchange Commission to take another step in going public through a merger with special purpose acquisition company BOA Acquisition Corporation. The timing is still vague, however. "The proposed SPAC merger, which has been approved by the board of directors of BOA, is expected to…

Rashaad Jorden | 1 year ago

Startups

The Problems in Mondee’s Plan to Go Public

The air travel aggregator is likely to get a $1 billion valuation in a merger with a special purpose acquisition company. But its disclosures are thin, and paint something less than a picture of certain success.

Skift | 2 years ago

The Problems in Mondee’s Plan to Go Public

News Blog

Selina Pushes Back Its SPAC Deal

Hospitality brand Selina has said it now aims to go public in the third quarter of 2022. Originally its merger with BOA Acquisition Corp — a special purpose acquisition company (SPAC) — was due to close in the first half of the year. The listing update comes as the brand, which targets millennial and Gen Z…

Matthew Parsons | 2 years ago

News Blog

American Express Global Business Travel To Debut on Tuesday — Interesting Factoids

It's a holiday weekend in the U.S. so what better time to break up the monotony of barbecues and beach, and burrow into a Securities and Exchange Commission filing about the pending SPAC debut Tuesday of American Express Global Business Travel. Among the takeaways: The merger of Apollo Strategic Growth Capital and Amex GBT will…

Dennis Schaal | 2 years ago

News Blog

Mondee Adds 6 Million Subscribers Ahead of SPAC Deal

Travel technology company Mondee has seen “enhanced marketing costs” as it builds up the number of subscribers for its travel platforms. The company now has 10 million users signed up to its subscription products including TripPlanet and Unpub, compared to four million in December last year. The boost may be a result of its new…

Matthew Parsons | 2 years ago

Airline Weekly

Southern Airways Express, Surf Air Aim to Create First Electric Regional Airline

The Southern Airways Express and Surf Air Mobility merger will be the first to bring together an airline and an electric aviation technology company. The goal is to get hybrid electric aircraft, think hybrid cars, to U.S. skies before anyone else.

2 years ago
Southern Airways Express, Surf Air Aim to Create First Electric Regional Airline

Online Travel

Carsharing Marketplace Getaround to Go Public in $1.2 Billion SPAC deal

Despite the SPAC market experiencing significant struggles recently, Getaround going public is a sign that some travel companies are looking beyond stock market choppiness.

Manya Saini, Reuters | 2 years ago

Carsharing Marketplace Getaround to Go Public in $1.2 Billion SPAC deal

Startups

HotelPlanner and Reservations.com Scrap $688 Million SPAC Merger

The companies didn't say why the merger failed. But the popularity of going public via mergers with SPACs, or special purpose acquisition companies, is waning. At least 22 deals have fallen apart since mid-2021, said SPAC Research.

Niket Nishant, Reuters | 2 years ago

HotelPlanner and Reservations.com Scrap $688 Million SPAC Merger