Polestar Shares Down 25 Percent Four Days After Nasdaq Debut Polestar rang the Nasdaq opening bell on June 28. InsideEVs · Jun 30, 2022
Merger Arbitrage Mondays - Zendesk To Be Acquired By Permira and Hellman & Friedman Editor's Note: Starting next month, we will be rolling the Merger Arbitrage Mondays series into our paid subscription services, Inside Arbitrage Plus and Inside Arbitrage Premium. The more affordable Plus service focuses on content including a monthly special situations newsletter, a model portfolio and mid-month updates. The Premium service includes both… Benzinga · Jun 27, 2022
Blow for Trump’s Truth Social as merger company hit by grand jury subpoenas Disclosure of subpoenas for board members by blank cheque firm Digital World is latest blow to Donald Trump’s social media plans The Guardian - US · Jun 27, 2022
Polestar Goes Public On Nasdaq Via SPAC Merger, Raises $890 Million Polestar says it will use the $890 million raised from the deal to fund its three-year plan to expand the product lineup and eventually become profitable. InsideEVs · Jun 27, 2022
5 Short Squeeze Candidates To Watch This Week: Revlon Tops The List, A SPAC Shifts To Second And More Potential short squeeze plays gained steam in 2021, with new retail traders looking for the next huge move. Benzinga · Jun 21, 2022
Gores Guggenheim Soars As Polestar Merger Approaches: Here's How The EV SPAC Looks Gores Guggenheim Inc (NASDAQ: GGPI) was soaring up more than 13% on Friday, heavily outpacing the general market, which saw the S&P 500 trading up about 0.7%. Benzinga · Jun 17, 2022
Merger Arbitrage Mondays - The Bidding War For Spirit Airlines (SAVE) Continues After twelve new deals were announced during the prior two weeks, merger activity ground to a halt last week with no new deals announced. Oracle completed its massive $24.3 billion deal for healthcare software company Cerner and in a trend we have been seeing for several weeks, yet another SPAC… Benzinga · Jun 13, 2022
10 Sports Franchises That May Entice Investors On Heels Of $2.4B Denver Broncos Deal The Denver Broncos are breaking records this week off the football field. The National Football League franchise is being sold to an ownership group that includes Rob Walton, one of the heirs of Walmart Inc. Benzinga · Jun 8, 2022
UK Gamblers Place Bets On US Presidential Election: Is Trump The Favorite in 2024? Americans could see a repeat of the candidates from the 2020 Presidential Election when they head to the polls for the 2024 Presidential Election. Here’s a look at the current betting odds for the 2024 Presidential Election. Benzinga · Jun 7, 2022
Cazoo to cut 750 jobs in UK and across Europe amid recession fears Online car seller says ‘business realignment’ needed to protect profits in face of tougher economic times The Guardian - UK · Jun 7, 2022
EXCLUSIVE: Riverview Acquisition SPAC Merger Partner Westrock Coffee Reports 20% Jump In Q1 Sales Westrock Coffee Holdings LLC reported Q1 sales of $186.4 million, up 20% Y/Y, with a narrower net loss of $(4.7) million compared to $(6.1) million a year ago. Benzinga · Jun 7, 2022
EXCLUSIVE: Janus CEO Ramey Jackson Looks Back At First Year As A Public Company Janus International Group (NYSE: JBI), a provider of custom building product solutions and access control technologies within the self-storage sector of the commercial real estate industry, is observing its first anniversary as a publicly-traded company since merging with blank-check company Juniper In Benzinga · Jun 6, 2022
Merger Arbitrage Mondays – Bristol Myers (BMY) Acquires Third Point Therapeutics (TPTX) Another week and another deal with big pharma buying out a development stage oncology company. Given the real synergies to be had through young companies partnering with big pharma to leverage their manufacturing expertise and distribution networks, regulators have allowed most of them to go through and they tend to… Benzinga · Jun 6, 2022
3 SPAC Stocks Down More Than 60% Since Going Public The Federal Reserve's interest rate increases to reduce inflationary pressure, and recession fears, have driven many SPAC stocks to significant price declines of late. The shares of Hims & Hers Health (HIMS), Clover Health Investments (CLOV), and BARK (BARK) have retreated more than 60% since these companies went public via… StockNews.com · Jun 3, 2022
Axios · Jun 3, 2022 The SPAC market's miscalculation Those supposed advantages over IPOs haven't panned out.
Axios · Jun 1, 2022 Elizabeth Warren tries to smack SPACs Warren has become more of a thought leader than legislator on capital markets issues.
Benzinga · May 31, 2022 Elizabeth Warren Proposes Legislation Against SPACs: What Investors Should Know A U.S. Senator is stepping up the pressure on SPACs as an investment vehicle to take companies public. Here’s what the SPAC Accountability Act of 2022 is all about. What Happened: A new bill called SPAC Accountability Act of 2022 is being proposed by Democratic Senator Elizabeth Warren.
Benzinga · May 26, 2022 Morning Brief: Top Financial Stories Dominating on Thursday, May 26 CNBC Two Major Tech Deals Come Under UK Government Scrutiny
Benzinga · May 26, 2022 Another Chinese Car Tech Company Aspires To Go Public Via SPAC Merger After DiDi's Debacle Billionaire Li Shufu-backed car technology company Ecarx Holdings Inc looks to go public via a special purpose acquisition company (SPAC) merger with Cova Acquisition Corp (NASDAQ:COVA). Ecarx, founded in 2017 by Geely Automobile Holdings Ltd's (OTC:GELYY) Shufu and Ziyu Shen, develops software and hardware like digital cockpit and infotainment systems for cars, Bloomberg reports. Ecarx serves both combustion-powered vehicles…
Benzinga · May 25, 2022 5 Restaurant Stocks That Could Attract Merger Or Takeover Interest Amid Wendy's-Trian News A top fast food restaurant saw shares jump on rumors of a potential takeover by a leading investor. The move would follow up a busy 2021, which saw several large transactions in the space. Here’s a look at how merger and acquisition activity could shape up in the restaurant sector.
Benzinga · May 25, 2022 Grab Loses Two Top Fintech Veterans Amid Its Business Restructuring: Reuters Grab Holdings Limited (NASDAQ:GRAB) lost two top executives in its fintech business, adding to other senior departures as the Southeast Asian ride-hailing and delivery firm rejigs the critical unit at the loss-making group, Reuters reports. Chris Yeo, who headed Grab's payments and rewards business and has been with the company for nearly…
Benzinga · May 24, 2022 eToro Hones In On $1B Funding As SPAC Plans Setback eToro is targeting a $1 billion funding round. The development comes as the social trading and investment network looks to circumvent its stalled attempt to go public.
Benzinga · May 24, 2022 5 Short Squeeze Candidates To Watch This Week: 2 Former SPACs Join Leaderboard With BigBear.AI Topping List Potential short squeeze plays gained steam in 2021, with new retail traders looking for the next huge move.
Benzinga · May 23, 2022 Merger Arbitrage Mondays - U.S. Defense Contractor ManTech International To Be Acquired By Carlyle Merger activity decreased last week with two new deals announced and three deals completed. ManTech International Corporation (NASDAQ: MANT)
Benzinga · May 19, 2022 Could Terra's Stablecoin Struggles Affect The Circle SPAC Deal And Valuation? Stablecoins have dominated the headlines in the world of cryptocurrency this week with the crash of several coins. The downward moves and negative connotations building for stablecoins could spell trouble for a SPAC deal that involves a leading stablecoin company.