SPAC


The Latest

Goldman Sachs' David Solomon (Getty)
National

Goldman Sachs halts work in SPAC market

Goldman Sachs Group is withdrawing from the SPAC market over new guidelines from regulators, an ominous sign for real estate companies looking to go public through a so-called SPAC, or special purpose acquisition vehicle....

Goldman Sachs halts work in SPAC market
SEC Chair Gary Gensler (Getty Images, iStock/Photo Illustration by Steven Dilakian for The Real Deal)
National

SEC proposes more transparency for SPACs

The Securities and Exchange Commission is looking to up the scrutiny on special purpose acquisition companies in another setback for a struggling market. The SEC on Wednesday proposed rules that would require SPACs to...

SEC proposes more transparency for SPACs
PropertyGuru CEO Hari Krishnan (PropertyGuru, iStock)
National

PropertyGuru to make public debut

Singapore-based PropertyGuru is set to make its debut on the New York Stock Exchange this week, despite a downturn in interest around special purpose acquisition companies. The online real estate marketplace company will start...

PropertyGuru to make public debut
Knock Off's Sean Black (Knock Off, iStock)
National

Knock it off: Homebuying startup ditches IPO plans

Diminished investor interest knocked a homebuying startup down a peg, scrambling plans to go public and setting off a...

Knock it off: Homebuying startup ditches IPO plans
From left: Masayoshi Son, chief executive officer, Softbank; Marcelo Claure, executive chairman, WeWork (Softbank, Getty Images, iStock/Photo Illustration by Steven Dilakian for The Real Deal)
National

WeWork’s Marcelo Claure to leave SoftBank: reports

UPDATED Feb. 2, 2022, 5:42 p.m.: Marcelo Claure is leaving SoftBank and WeWork amid a disagreement over his request...

WeWork’s Marcelo Claure to leave SoftBank: reports
Southport Acquisition Corp. CEO Jeb Spencer (TVC Capital, iStock)
National

New SPAC to target real estate startups

A new blank check company is entering the SPAC space, setting its sights on financial software startups focused on mortgage and real estate. Southport Acquisition Corp. priced an initial public offering on Friday. Inman...

New SPAC to target real estate startups
WeWork CEO Sandeep Mathrani (WeWork, iStock)
National

WeWork reports membership growth, best sales since 2019

As businesses seek greater flexibility in a post-pandemic world, WeWork’s offerings could be regaining popularity. The co-working giant is...

WeWork reports membership growth, best sales since 2019
Gowanus Inn & Yard at  645-651 Union Street, Brooklyn, Sonder CEO Francis Davidson and Red Pine Principal Michael Federman (Google Maps, Sonder, Federman Steifman)

Sonder takes lease for 76-key Gowanus Inn

Short-term rental startup Sonder has inked another hotel lease, this one at its first Brooklyn location. The company signed a long-term lease for the entire 76-key Gowanus Inn & Yard at 645-651 Union Street,...

Sonder takes lease for 76-key Gowanus Inn

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