Serial blank-check dealmaker Chamath Palihapitiya has doubled down on SPACs and has now participated in at least half a dozen deals that his own blank-check vehicles aren’t even involved in.
On Monday, Palihapitiya, the former Facebook Inc. executive and venture capitalist, invested in two companies going public via a special purpose acquisition company -- smart lockmaker Latch Inc. and solar lender Sunlight Financial LLC -- through the equity raised to support the deals. That’s on top of the six blank-check vehicles he’s helped raise.
Chamath Palihapitiya, founder and chief executive officer of Social Capital LP, speaks during the Bloomberg Business of Equality conference in New York, U.S., on Tuesday, May 8, 2018.
Latch and Sunlight were just two of the five companies that announced they were going ...