SilentWarrio
2021-12-25
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Colin Kaepernick SPAC deal with minority lender is said to collapse
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Kaepernick declined to be involved in interviews surrounding the transaction.A spokesman for Kaepernick’s Mission Advancement to","content":"<ul>\n <li>Colin Kaepernick-backed SPAC Mission Advancement Corp.'s(NYSE:MACC)deal to buy a lender that focused on minority borrowers is to have collapsed.</li>\n <li>The SPAC's deal to acquire The Change Co. is said to have ended over the former NFL quarterback and social activist's reluctance to appear on TV to promote the deal including appearing on \"Good Morning America,\" according to a WSJ report. Kaepernick declined to be involved in interviews surrounding the transaction.</li>\n <li>A spokesman for Kaepernick’s Mission Advancement told the paper said the SPAC will continue to look for a merger partner in 2022.</li>\n <li>Mission’s IPO in early March sold 30M investment units at $10 a piece to raise $300M.</li>\n <li>Kaepernick, a former NFL quarterback, serves as MACCU’s co-chairman. 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