Saturday, July 5, 2025

Latest

OnlyFans Mulls Public Debut Via SPAC

Adult content website OnlyFans allegedly held talks with several blank check companies as it looks to raise cash and make a public debut.

According to sources cited by Axios, OnlyFans contacted several SPACs in an effort to go public, among them being Forest Road Acquisition Corp. II (NYSE: FRXB), which is co-led by previous Walt Disney executives Tom Staggs and Kevin Mayer. However, given that that the platform’s content is mostly comprised of pornographic material, many of the SPAC’s advisors, including Shaquille O’Neal, ended up putting an end to the discussions.

OnlyFans attempted to raise cash via private markets last year, but was not able to materialize any deals because investors ultimately got spooked due to the website’s sexual content. The company even tried to ban explicit pornography in an effort to soothe potential investors’ concerns, but ended up reversing the decision due to pushback from its content creators.

OnlyFans even went as far as to hire an outside recruiting company to help it scale its public debut, and has been making efforts to show more professional content such as celebrities, UFC fighting, comedy, and cooking, to help avoid setbacks from payment processors. An internal pitch deck seen by Axios showed OnlyFans projected revenues of $1.2 billion last year and $2.5 billion in 2022, but it remains unclear whether or not the company actually achieved those targets.


Information for this briefing was found via Axios. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Torex Gold Acquires Reyna Silver For CASH!

Dundee Acquires Adriatic Metals: The Balkan Growth Strategy

Gold Drilling Scaled to 60,000 Meters: How Big Can This Get? | Roger Rosmus – Goliath Resources

Recommended

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Related News

Are SPARCs the New SPACs? Bill Ackman to Liquidate Failed SPAC Plan, Turn it into SPARC Instead

After suffering numerous setbacks including a failed deal to buy a stake in Universal Music...

Tuesday, August 31, 2021, 04:16:00 PM

Ginkgo Bioworks To Go Public Via SPAC Route With Soaring Eagle Acquisition Corp

It appears that Cronos Group (TSX: CRON) (NASDAQ: CRON) might be losing its star player....

Tuesday, May 11, 2021, 10:30:00 AM

OnlyFans Ex-Employees Kept Access to Sensitive Customer Data Despite Leaving Company

Several former employees of OnlyFans revealed they still had access to private user information even...

Friday, October 1, 2021, 10:10:00 AM

Bedroom to Boardroom: OnlyFans’ Record-Breaking Profits Leave Oil in the Dust

UK-based subscription platform OnlyFans, widely known for hosting adult content creators, continues to cement its...

Monday, September 9, 2024, 02:24:00 PM

Lucid Motors Makes Grandiose Nasdaq Debut, But Faces Uphill Battle as Tesla’s Closest Imitator

With Tesla wannabe Lucid Motors (NASDAQ: LCID) officially making its public debut yesterday, the most...

Tuesday, July 27, 2021, 11:34:00 AM