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The Latest Breaking News from SPAC

Webull Plans $7.3 Billion SPAC Merger To Go Public, Riding High On Retail Trading Surge

Webull plans a $7.3 billion SPAC merger, driving the digital investing platform towards a Nasdaq listing and a huge milestone in the online brokerage sector.

International Business Times

Lotus Tech Closes Modestly In Nasdaq Debut After SPAC Merger

Lotus Technology's debut on Nasdaq after SPAC merger signals promise in the EV industry.

Top News

Lucid Motors Stock: What Went Wrong With This ‘Tesla Killer’?

After its mega listing in 2021, Lucid Motors was hailed as a "Tesla-killer" by some. Fast forward to 2023, and the company is struggling to stay relevant, let alone challenge Tesla's dominance in the U.S. EV market.

Barchart

Is SoFi Stock a Good Buy for 2024 as Fed Signals Three Rate Cuts?

SoFi shares soared yesterday after the Fed signaled three rate cuts for 2024. Here's what the rate cuts will mean for SoFi, and why the fintech stock still looks a buy after doubling in value this year.

Barchart

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Trump’s Truth Social warns company may be forced to shut down amid huge losses

Filing reveals Truth Social’s parent company lost over $22m in first half of 2023

The Independent UK

As the Stock Hits New Lows, How Long Can Lucid Motors Survive?

With Lucid Motors stock falling to one new low after the other, many investors now wonder whether the company can stay in business. However, Lucid might not go bankrupt - at least, not for the next couple of years.

Barchart

Prominent SPAC King Criticizes U.S. For Unsustainable Borrowing Amid Rising Treasury Yields

Chamath Palihapitiya calls out fiscal policies and suggests selling long-dated maturities to match America's future

Zenger

Apex Fintech CEO is eyeing an IPO—after pulling plans for a SPAC in 2021

Apex is in talks with banks about a possible IPO.

Fortune

Elon Musk’s Surprise Appearance At Fundraiser Sparks Speculation Of Alliance With GOP Presidential Candidate

Musk's growing camaraderie with Vivek Ramaswamy raises questions about potential political backing

Zenger

These EV Penny Stocks Take Some Hard Hits In The Wake Of Tesla Slump

Nikola, seen as the Tesla of trucking, went from above $90 a share to $1. Other once highflying EV stocks have also crashed.

Investors Business Daily

2 High-Risk EV Penny Stocks That Could Be Multibaggers for Investors

Several startup EV companies are now penny stocks. I believe Polestar and Lucid Motors are two high-risk names that could turn into multi-baggers if these companies deliver on their financial projections.

Barchart

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Barchart

Avoid This Overvalued EV Stock, Even at All-Time Lows

VinFast stock is hitting new all-time lows, and trading well below the SPAC IPO price of $10. But despite cratering more than 90% off all-time highs, VFS still doesn't look like a good value.

Zenger

Venture Capitalist Palihapitiya Suggests A Surprising 2024 Presidential Contender

Chamath Palihapitiya believes Vivek Ramaswamy could surpass Trump as the GOP frontrunner.

Investors Business Daily

Aerospace EV Maker Rallies 240% This Year: Cathie Wood Stocks Up

Archer Aviation stock soared 240% as the electric aircraft maker gears up for takeoff in early 2025. ARK Invest CEO Cathie Wood is buying in.

The Independent UK

Trump's Truth Social gets a lifeline after deadline for a big cash infusion is extended

Donald’s Trump’s Truth Social got a lifeline this week after a blank-check company that could infuse the social media platform with cash agreed to extend a critical deadline for a year

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The Guardian - US

Trump’s Truth Social platform faces uncertain future as key test looms

Former president’s social media platform is asking shareholders in Digital World for another year to complete merger

Investors Business Daily

Donald Trump Booked, Returns To X With Mug Shot; DWAC Stock Wobbles Before Surge

DWAC stock is down 92% since its October 2021 high.

Fortune

Vishal Garg, the CEO who mass sacked employees over Zoom, suffers epic SPAC disaster as shares nosedive over 90%

“We’re building long-term value for shareholders,” finance chief Kevin Ryan said after Thursday's bloodbath. “This is just the beginning.”

Zenger

Trump SPAC Deal Is Almost Over – Will Sept. 5 Be The Day Of Its Demise?

A key date for the merger and the company's future is coming up soon.

Fortune

Here are the leading bidders for Goldman's lending unit Greensky

Second-round bids for GreenSky were due earlier in August, people familiar with the matter said.

Fortune

SoftBank-backed Better shrunk its staff by 91% in 18 months

“Cash is very important,” Better CEO Vishal Garg told Fortune in an interview about the impending SPAC merger and his decision to move forward after a series of delays.

Barchart

VinFast Stock Forecast: More Volatility Ahead for New EV Listing

VinFast went public through a SPAC reverse merger, and boasts a market cap in excess of established automakers like Ford and General Motors. I believe that the stock is grossly overvalued at these prices, and is set to extend its recent losses.

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