Another SPAC With Magnetar Ties Hunts for a Merger Partner

A SPAC sponsored by Magnetar has filed IPO plans just two weeks after the hedge fund firm’s first blank-check company this year announced a merger agreement.

Eric Scheyer and Michael Morgan (Photos via LinkedIn)

Eric Scheyer and Michael Morgan

(Photos via LinkedIn)

Hedge fund firm Magnetar Capital’s second blank-check company this year is seeking to raise capital for a sustainable deal.

Star Peak Corp. II — a special purpose acquisition company with ties to Magnetar’s MTP Group — said in a December 18 regulatory filing that it is aims to raise $350 million through an initial public offering to fund a deal in the sustainability sector.

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