SPAC King Palihapitiya Returns Nearly Three Years After Retreat

Chamath Palihapitiya is returning to the blank-check game after throwing in the towel in 2022 on a pair of jumbo firms that failed to find targets.

The former Facebook executive who became the public face of the SPAC mania during the original boom-and-bust filed late on Monday for a $250 million initial public offering for American Exceptionalism Acquisition Corp. A, joining the ranks of sponsors giving special purpose acquisition companies another go. The blank-check firm will seek to bring a company that can benefit from Palihapitiya’s “historical areas of business expertise,” according to the filing.