Dune Acquisition Corporation II Class A Ordinary Shares (IPOD)

Chamath Palihapitiya, backer of the Social Capital Hedosophia Holdings Corp. special-purpose acquisition corporations, or SPACs, is winding down two vehicles after failing to find target companies within the required time frame.

The most prolific SPAC sponsor just made a big announcement.

Known by many as the SPAC King, Chamath Palihapitiya was one of the biggest names associated with the growing number of blank check companies taking private companies public. When SPACs were hot with the market, Palihapitiya was loved by investors and companies. Years later, Palihapitiya has been less active in SPACs. An announcement Tuesday coul...

Social Capital Hedosophia Holdings Corp VI (IPOF) is suddenly getting bid up. This happens from time to time as rumors get around on social media. Read more...