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The Latest Breaking News from SPAC

Influential Esports Brand FaZe Clan Goes Public on Nasdaq

Bronny James and Kyle Murray are among the sports stars who moonlight as members of the historic esports company.

Sports Illustrated

Tech Shares Move Higher, Nasdaq Jumps 200 Points

U.S. stocks traded higher midway through trading, with the NASDAQ Composite gaining more than 200 points on Wednesday.

Benzinga

This EV Stock More Than Doubled After Key Order From Walmart. But Is It a Buy?

Last week, Walmart signed a definitive agreement with Canoo (GOEV) to buy 4,500 all-electric delivery vehicles, leading to a surge in its stock price. However, GOEV has had a track record of not reporting any revenue and has failed to start the mass production of vehicles. So, will it be…

StockNews.com

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Bill Ackman to wind up Spac and return $4bn to investors

Billionaire says he failed to find a suitable company to take public using his investment vehicle

The Guardian - UK

Bill Ackman To Wind Down SPAC After Failing to Find Target Company: What Happens To Shareholder Funds?

Pershing Square Tontine Holdings Ltd (NYSE: PSTH), a special purpose acquisition company (SPAC) promoted by hedge fund manager Bill Ackman, said on Monday that it will return $4 billion of capital in trust to shareholders.

Benzinga

Walking Away From Twitter Deal May Not Be An Option For Musk: Merger Expert On What's Next

Elon Musk disclosed last Friday after market close that he was terminating his agreement to acquire social media platform Twitter Inc (NYSE: TWTR).

Benzinga

How the man behind the Apple Store presided over a SPAC catastrophe

Enjoy Technology under Ron Johnson crashed from public listing to bankruptcy at breakneck speed

Financial Times

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Here's Why VerifyMe Shares Are Trading Higher Today

VerifyMe, Inc (NASDAQ:VRME) elected not to extend the period for a special purpose acquisition company (SPAC) merger with G3 VRM Acquisition Corp (NASDAQ:GGGVU). VerifyMe's board determined that it was not in its best interests to allocate additional financial capital at this time for the SPAC to consummate a business combination. Instead, it will focus on…

Benzinga

eToro Said To Abandon SPAC Merger

Retail stock and cryptocurrency brokerage platform eToro is reportedly not going ahead with its planned blank-check merger.

Benzinga

Polestar Shares Down 25 Percent Four Days After Nasdaq Debut

Polestar rang the Nasdaq opening bell on June 28.

InsideEVs

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

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

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

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news in one place.

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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

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.

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news in one place.

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The Guardian - UK

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

Benzinga

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…

StockNews.com

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…

Axios

The SPAC market's miscalculation

Those supposed advantages over IPOs haven't panned out.

Axios

Elizabeth Warren tries to smack SPACs

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

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