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The Latest Breaking News from SPAC

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

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

This Once-Popular Investment Pays Off By Doing Absolutely Nothing

The flood into SPACs has subsided, but some investors still found a surprising way for SPAC ETFs to pay off.

Investors Business Daily

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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

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

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

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

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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

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

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

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

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

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

The SPAC market's miscalculation

Those supposed advantages over IPOs haven't panned out.

Axios

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Axios

Elizabeth Warren tries to smack SPACs

Warren has become more of a thought leader than legislator on capital markets issues.

Benzinga

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

Morning Brief: Top Financial Stories Dominating on Thursday, May 26

CNBC Two Major Tech Deals Come Under UK Government Scrutiny

Benzinga

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…

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Benzinga

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

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

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

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

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

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.

Benzinga

Trump SPAC Deal Finally Files A Proxy: 10 Key Details We Now Know

Seven months after announcing a SPAC merger, a social media company owned by former President Donald Trump has filed its proxy. Here are the key details from the more than 250 pages contained in the proxy filing.

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