News Briefs

Ex-House Speaker Ryan launches SPAC, files $300m IPO: WSJ

Former House Speaker Paul Ryan has launched a blank check company and is seeking to raise $300 million for it in an IPO, reported the Wall Street Journal.

By
Iris Dorbian
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Former House Speaker Paul Ryan has launched a blank check company and is seeking to raise $300 million for it in an IPO, reported the Wall Street Journal. The news outlet noted that Ryan will serve as a chairman of the SPAC dubbed Executive Network Partnering Corp. Solamere Capital is set to be the SPAC’s main sponsor.

Source: WSJ