Michael Dell, activist investor Paul Singer, Facebook Inc. co-founder Eduardo Saverin, and former Xerox Corp. chief Ursula Burns filed new special purpose acquisition companies or SPACs.
Paul Singer’s Elliott Management Corp raised $1.5 billion from two Spac’s that the company filed for. The blank check company Elliott Opportunity I Corp. is seeking to raise $1 billion, while Elliott Opportunity II is targeting $500 million.
According to the latest reports, of the $77 billion raised on U.S. exchanges, 63% accounts for SPAC’s. A total of 146 SPAC’s have been filed since January 1.
Michael Dell’s MSD Partners backed MSD Acquisition Corp., filed an IPO worth $500 million.
Eduardo Saverin’s B Capital Technology Opportunities Corp. filed to raise $300 million.
Ursula Burns’s Plum Acquisition Corp. 1 is planning to raise $300 million.
