This week, in a special edition of the SPACInsider Podcast, we speak with David Cote, Executive Chairman of Vertiv, and Tom Knott, who was previously Head of Permanent Capital at Goldman Sachs. Both joined forces in 2019 on GS Acquisition Holdings Corp., which combined with Vertiv (NYSE:VRT) in what has become the most successful SPAC deal of all time.
We discuss what were the critical ingredients to the transaction’s success and what is needed to achieve solid returns in SPAC deals under the current conditions.
However, it wasn’t all roses from the start, with the deal closing right as the pandemic shocks were beginning to hit the system. But, the two explain how their team weathered the storm with both preparation and a plan for the company’s post-transaction future.
Give it a listen.
Range Capital Acquisition Corp. (NASDAQ: RANGU) announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “RANGU”, Friday, December 20, 2024. The new SPAC intends to take a generalist approach in searching for a business combination, but will seek opportunities in capital constrained...
SPAC Deja Vu There’s been a lot of talk this year in the SPAC market about how it’s finally reverting back to a healthier version of deal flow and the comparison is always, “….like 2019”. In fact, in 2019, Trump was in office and there were 59 SPAC IPOs priced. As of this morning, Trump...
This year has seen a variety of innovations for SPACs to continue the lifespan beyond their traditional search windows. In general, this creativity is welcome as long as investors get their chance to have a say and a redemption opportunity at the appropriate time. But, in the second half of 2024, some SPACs have not...
At the SPAC of Dawn US market futures are green after the gut punch of news on slowing rate cuts, but there are now fresh concerns that the post-election rally may be short-lived. New clouds could be on the horizon as well in the form of a potential government shutdown as well as the implementation...
At the SPAC of Dawn As the countdown to the Fed’s 2 pm ET rate cut decision tick down, the space sector continues to be one of the main areas of SPAC activity most unblemished from the volatility ahead of the move. AST SpaceMobile (NASDAQ:ASTS) and Intuitive Machines (NASDAQ:LUNR) each finished up significantly in Tuesday...