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Search results for spacs

Will Trump’s Truth Social flotation dig him out of his financial hole?
8 months, 3 weeks ago

Will Trump’s Truth Social flotation dig him out of his financial hole?

The Independent  

With one bound, he is free. It’s becoming another fund-raising avenue for his supporters: buy DJT, put Trump’s financial woes behind him, and give him a clear path to the White House. Another WallStreetBets user, optimal_burrito, replied to someone who posted that buying Trump Media was their first winning trade with the message: “You’re gonna start winning so much you’ll …

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Special Purpose Acquisition Companies Emerging As Alternative Fundraising Route
2 years, 6 months ago

Special Purpose Acquisition Companies Emerging As Alternative Fundraising Route

News 18  

In a move toward ensuring the ease of doing business, the government has been making constant efforts to adopt initiatives for boosting businesses by introducing new avenues of fundraising and the listing of securities, as well as framing laws and regulations, to bring in order the growth of the Indian economy. Company Law Committee Recommends SPAC In September 2019, the …

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SEC considers new disclosure rules for SPACs
2 years, 8 months ago

SEC considers new disclosure rules for SPACs

Live Mint  

WASHINGTON : The Securities and Exchange Commission is preparing to vote Wednesday on a proposal that would impose a bevy of new disclosure requirements on special purpose acquisition companies, or SPACs, amid widespread concern that the vehicles skirt important investor protections. The proposed rule would hold SPACs and the companies they acquire to similar standards as traditional IPOs, SEC officials …

Proposal Companies Investors Sec Ipo Spac Gensler
Meme stocks, SPACS and biotech are not so hot anymore
2 years, 11 months ago

Meme stocks, SPACS and biotech are not so hot anymore

LA Times  

GameStop Corp. has lost more than one-fifth of its value to start the year. The first two weeks of the year have brought a 17% tumble for a group of stocks that went public via mergers with blank-check firms and a 10% correction for the biotechnology industry. That’s a very different picture from a year ago when investors pushed easy …

Meme Stocks Start Spac Etf Ark
Once-hot SPAC investments return to earth
3 years, 3 months ago

Once-hot SPAC investments return to earth

Associated Press  

NEW YORK — The spectacular run for the investing phenomenon known as SPACs, once the hottest thing on Wall Street, has fizzled so much that many have been relegated to the bargain bin. It got wild enough that the Securities and Exchange Commission put out a warning in March for investors not to invest in a SPAC “just because someone …

Investors Ipo Spac Spacs
Unicorns are off to a hot start in 2021 and many more are on the way
3 years, 5 months ago

Unicorns are off to a hot start in 2021 and many more are on the way

CNN  

New York CNN Business — A parade of high-profile companies, including Coinbase, Bumble, Oatly, SoFi and Roblox, made their stock market debuts in the first half of 2021. “Robinhood might pave the way for a more active IPO market in the second half of the year,” said Phil Haslett, co-founder and chief revenue officer of EquityZen, a firm that lets …

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Premarket stocks: Didi’s IPO was a disaster. Here’s why Chinese companies keep listing in the US
3 years, 5 months ago

Premarket stocks: Didi’s IPO was a disaster. Here’s why Chinese companies keep listing in the US

CNN  

A version of this story first appeared in CNN Business’ Before the Bell newsletter. It’s also bad for the New York Stock Exchange, which has been caught up in a campaign by US politicians who want to prevent Chinese companies from raising money in New York. “Even if the stock rebounds, American investors still have no insight into the company’s …

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Lordstown Motors executives resign amid inaccurate preorder disclosures
3 years, 6 months ago

Lordstown Motors executives resign amid inaccurate preorder disclosures

Live Mint  

Lordstown Motors Corp., one of the most ambitious electrical-vehicle startups, said its chief executive and top financial leader resigned after a new report from a board committee found inaccuracies in parts of the company’s disclosures on truck preorders. Mr. Burns also stepped down from the company’s board, according to Lordstown Motors. “They’re very serious orders.” In a regulatory disclosure in …

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Premarket stocks: The SPAC boom has ‘screeched to a halt.’ That may be good thing
3 years, 7 months ago

Premarket stocks: The SPAC boom has ‘screeched to a halt.’ That may be good thing

CNN  

A version of this story first appeared in CNN Business’ Before the Bell newsletter. In a research note published last week, Goldman Sachs analysts noted that issuance has “screeched to a halt” in April, with only six new SPACs created so far in the second quarter. “There has been so much SPAC activity that the market was getting indigestion,” Duncan …

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What companies need to know about going from private unicorn to Wall Street juggernaut
3 years, 8 months ago

What companies need to know about going from private unicorn to Wall Street juggernaut

CNN  

New York CNN Business — It’s been a good time to go public for high profile unicorns lately. “We need a pause.” For private companies that have yet to go public, it may be time to think twice about how soon they want to get to Wall Street — and whether it might make more sense to do so through …

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EXPLAINER: What’s a SPAC, the latest craze on Wall Street?
3 years, 8 months ago

EXPLAINER: What’s a SPAC, the latest craze on Wall Street?

Associated Press  

CHARLOTTE, N.C. — WeWork will finally go public this year, allowing investors to buy and sell its shares. A traditional IPO requires a company to hire an investment bank, produce mountains of materials for investors to scrutinize, eventually talk to potential investors in what’s known in Wall Street parlance as a “road show,” and then — if everything lines up …

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Premarket stocks: Market mania has fed a SPAC boom. Here’s who is at risk
3 years, 9 months ago

Premarket stocks: Market mania has fed a SPAC boom. Here’s who is at risk

CNN  

A version of this story first appeared in CNN Business’ Before the Bell newsletter. “Anybody who’s anybody has one,” said Peter Atwater, an adjunct professor of economics at William & Mary. “The time for quick money feels like it’s now behind us,” Atwater said. The moves mark the company’s attempt to reassert its position as the undisputed leader of the …

Investors Cnn Shares Intel Spac Spacs Premarket Stocks
SPAC fundraising is up an insane 2,000% from a year ago
3 years, 9 months ago

SPAC fundraising is up an insane 2,000% from a year ago

CNN  

New York CNN Business — The SPAC market is so hot that this year’s fundraising haul has already surpassed all of 2020’s. “If you look at the SPAC market, there’s some really attractive new companies and new technologies coming to the market that are financing effectively,” BlackRock executive Rick Rieder told CNN Business. Professional athletes including Colin Kaepernick and Shaquille …

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Online trading firm eToro going public in more than $10 billion SPAC deal
3 years, 9 months ago

Online trading firm eToro going public in more than $10 billion SPAC deal

CNN  

New York CNN Business — Robinhood is widely expected to go public later this year despite the public relations black eye it received during the Reddit-induced GameStop mania. EToro, a broker with more than 20 million users, said Tuesday that it is merging with FinTech Acquisition Corp. V, a publicly traded special purpose acquisition company or SPAC, in a deal …

Company Public Million Robinhood Ipo Spac Etoro
Don’t invest in a SPAC just because a celebrity is involved, SEC warns
3 years, 9 months ago

Don’t invest in a SPAC just because a celebrity is involved, SEC warns

CNN  

New York CNN Business — Shaquille O’Neal, Colin Kaepernick, Jay-Z and other celebrities are jumping into the SPAC boom. “Never invest in a SPAC based solely on a celebrity’s involvement,” the agency warned the public in an alert Wednesday. John Coates, acting director of the SEC’s division of corporate finance, said in a tweet that the agency is “taking a …

Sec Invest Ipo Spac Spacs
Column: Wall Street’s love affair with ‘blank check’ investments won’t end happily
3 years, 9 months ago

Column: Wall Street’s love affair with ‘blank check’ investments won’t end happily

LA Times  

Someone on Wall Street ought to erect a statue to Henry Villard. As my colleague Russ Mitchell recently reported, “fuel-cell truck company Nikola, electric-car maker Fisker, electric-bus company Proterra, electric-truck maker Lordstown, electric-robotaxi company Canoo and many more have completed or announced SPAC deals.” One reason that companies with conjectural futures gravitate toward SPACs is that financial regulators give SPAC …

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SPAC mania has entered the celebrity phase with A-Rod and Ciara
3 years, 10 months ago

SPAC mania has entered the celebrity phase with A-Rod and Ciara

CNN  

New York CNN Business — SPAC mania has entered the celebrity phase. “You can love that person as an athlete, but don’t confuse that with knowing and understanding how to run a SPAC and a SPAC process,” former TD Ameritrade CEO Joe Moglia told CNN Business. “You’ve got to do your homework and be careful.” $48 billion in SPAC IPOs …

Celebrity Investors Ipo Macey Shaq Spacs Spac Mania
Bernard Arnault: Europe’s richest man is joining the SPAC craze
3 years, 10 months ago

Bernard Arnault: Europe’s richest man is joining the SPAC craze

CNN  

London CNN Business — Bernard Arnault, the chairman of luxury goods group LVMH, is the latest billionaire to embrace Wall Street’s hot new way to raise money. Arnault’s investment holding company Financière Agache is joining forces with French asset manager Tikehau Capital and two high-profile European bankers to launch a special purpose acquisition company that will hunt for deals in …

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Premarket stocks: As GameStop fizzles, one hot part of the market gets even hotter
3 years, 10 months ago

Premarket stocks: As GameStop fizzles, one hot part of the market gets even hotter

CNN  

A version of this story first appeared in CNN Business’ Before the Bell newsletter. What’s happening: Former San Francisco 49ers quarterback Colin Kaepernick is among the latest to get in on the trend, in which investors back “blank check” companies that then go hunting for acquisition targets. “We believe a company’s clarity around its values can transform a business and …

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Stock market news today: Dow and S&P 500 updates
3 years, 10 months ago

Stock market news today: Dow and S&P 500 updates

CNN  

2020 was a bombastic year for the stock market. Ray Dalio of Bridgewater Associates doesn’t think 2021 will be as buoyant for stocks as last year was, he said on a digital panel at the Future Investment Initiative conference in Saudi Arabia. BlackRock CEO and chairman Larry Fink agrees 2021 won’t be as opulent as last year, even as the …

Premarket: Companies like Palantir are racing to IPO while stocks are hot
4 years, 3 months ago

Premarket: Companies like Palantir are racing to IPO while stocks are hot

CNN  

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Palantir, which provides governments and corporations with tools that range from tracking the spread of the novel coronavirus to locating terrorists, stated in the filing that one of its goals is to “become the default operating system for data across the US government.” And let’s not …

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