InterPrivate Plans Three New SPACs Amid Blank-Check Bonanza
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InterPrivate is seeking to raise at least $600 million for three new special purpose acquisition companies, according to a person with knowledge of the matter, underscoring the expectation that the appetite for new blank-check companies is unlikely to abate.
The three vehicles, dubbed InterPrivate II, III and IV, will respectively seek out targets in technology; financial services including fintech; and digital infrastructure, said the person, who requested anonymity because the information isn’t public. Should the blank-check companies come to fruition, they’d follow InterPrivate Acquisition Corp., which has agreed to merge with Aeva, a laser-sensor startup founded by two ex-Apple Inc. engineers.