Articles tagged “spac”

Hotels

Selina Collapses in Liquidity Crisis, Seeks Buyers

Selina billed itself as a pioneer in the "digital nomad" hospitality sector. But it can no longer avoid insolvency. Its woes can be partly traced back to its ill-fated SPAC merger in October 2022.
Airlines

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.
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.