SPAC figureheads need to seal their deals

Churchill Capital V

15/06/2021 19:29

(The author is a Reuters Breakingviews columnist.  The opinions
expressed are her own.)
    By Lauren Silva Laughlin
    NEW YORK, June 15 (Reuters Breakingviews) - One of Michael
Klein’s blank-check vehicles may buy small-brand collector
Thrasio. If that deal and another for Lucid Motors close, some
70% of his $7 bln in SPAC cash would be invested. Chamath
Palihapitiya is not far behind. The market's future hinges on
both gurus’ success.
    Full view will be published shortly.
    Follow @thereallsl https://twitter.com/thereallsl on Twitter
    
    CONTEXT NEWS
    - Thrasio is in talks to merge with special-purpose
acquisition company Churchill Capital V, Bloomberg reported on
June 11. Thrasio, which buys small e-commerce brands and expands
their businesses, could be valued at $2 billion, according to
the report, which cited people familiar with the matter. 
    - Churchill, backed by former Citigroup banker Michael
Klein, raised $500 million in an initial public offering in
December 2020. 
    - For previous columns by the author, Reuters customers can
click on  SILVA/ 


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BREAKINGVIEWS-SPAC mergers ask for forgiveness not permission   
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BREAKINGVIEWS-SPAC boom gets “come to Jesus” moment in Lordstown
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BREAKINGVIEWS-Capital Calls-SPAC silence isn’t golden   
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 ((Lauren.SilvaLaughlin@thomsonreuters.com))