YieldStreet Weighs Options Including Sale, Starting Own SPAC
- Firm said to work with adviser to solicit potential buyers
- Also holding early talks to establish a SPAC, people say
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YieldStreet Inc., the online firm that offers esoteric investments to affluent individuals, is exploring options including a sale, while also weighing setting up a special purpose acquisition company of its own, according to people with knowledge of the matter.
The New York-based company is working with an adviser to solicit interest from potential buyers including blank-check firms, and separately, is in early discussions with potential co-sponsors for its own SPAC, said the people, who requested anonymity because the talks are private. Merging with a SPAC is an increasingly popular way to go public, and some closely held companies have also sought to raise vehicles of their own.