You Searched For "spacs" and got 20 results
Sort By:
1 min read
Traders are more anxious about the 2024 election than they have been before a vote in the past decade
Volatility measures show trepidation around the early November election date, signaling investors a…
Aruni Soni
2 mins read
Trump-linked SPAC slides 21% as some candidates endorsed by the former president flounder in midterm elections
Digital World shares fell as a slate of Republican candidates backed by Trump in the mid-terms, inc…
Carla Mozée
2 mins read
Bill Ackman says he'll return $4 billion to PSTH investors after failing to close a SPAC deal - and trumpets his next-generation SPARC
The Pershing Square chief blamed the market's rapid rebound after the pandemic crash, investors sou…
Theron Mohamed
2 mins read
Long-term projections by some SPAC stocks are proving to be wishful thinking as Virgin Galactic misses 2021 revenue target by 98%
Nikola said during its SPAC IPO that it expected to generate about $150 million in revenue in 2021.…
Matthew Fox
1 min read
Top SPAC issuer Citigroup will reportedly halt blank-check IPOs after the SEC signals tougher stance
The top SPAC underwriter of 2021 is pausing its SPAC deals amid new rules proposed by the SEC, Bloo…
Phil Rosen
2 mins read
The SEC is taking aim at SPACs with proposed rules to make disclosures more like those in a traditional IPO
The watchdog's proposal calls for more disclosures around conflicts of interest between sponsors an…
Shalini Nagarajan
1 min read
SPAC volatility forces SeatGeek and Billy Beane of 'Moneyball' fame to shelve merger plans as the boom in blank-check deals fades
"Unfavorable" market conditions are "particularly impacting growth technology companies," the SPAC …
Carla Mozée
1 min read
SPAC king Chamath Palihapitiya says the Fed crushed the bubble in blank-check firms, and swears he's not responsible for the poor performance of companies he took public
"The long-term regime in which we operate has changed," the SPAC King said. "That is not in the con…
Jennifer Sor
1 min read
Goldman Sachs is exiting work on most SPACs because of liability concerns as regulators tighten guidelines, report says
The investment bank may change course if the SEC scales back its SPAC oversight guidelines, Bloombe…
Carla Mozée
3 mins read
Chamath Palihapitiya's 4 blockbuster SPAC mergers have tumbled 32% this year as investors ditch flashy growth stocks
Clover Health has plunged 76% in 2021, and Virgin Galactic is down 36%, in a tough year for billion…
Harry Robertson
3 mins read
Legendary investor Jeremy Grantham warns of a 'superbubble' and looming recession — and touches on Elon Musk and housing woes
Jeremy Grantham said the multi-asset bubble would likely burst and bring down the US economy, and l…
Theron Mohamed
2 mins read
Digital World Acquisition spikes 23% as Elon Musk tweets about Twitter's competition
"Truth Social (terrible name) exists because Twitter censored free speech." In a follow-up, Musk tw…
Matthew Fox
2 mins read
Digital World Acquisition falls 15% after Elon Musk buys Twitter for $44 billion
"Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square," El…
Matthew Fox
2 mins read
SoFi overtakes GameStop as WallStreetBets' most talked about stock after getting the go-ahead to launch a bank
The fintech company's shares are soaring after it cleared the final regulatory hurdle to become a b…
Adam Morgan McCarthy
2 mins read
Digital World Acquisition could plummet 78% as regulatory scrutiny means it will likely never merge with Trump's Truth Social media platform, short seller says
"DWAC is not just another dubious 2021 SPAC; it is a poster child for some of the worst abuses the …
Matthew Fox
1 min read
Digital World Acquisition Corp. jumps 29% as merger partner Trump Media eyes $1 billion fundraise
Trump Media & Technology Group is already in line to receive $293 million if its deal to go public …
Carla Mozée
1 min read
The SPAC taking Trump's Truth Social public slides 11% as 2 key executives reportedly depart the social media app
DWAC shares have been under pressure recently following the rocky launch of the Truth Social conser…
Carla Mozée
2 mins read
A deal for Colin Kaepernick's SPAC unraveled because the former NFL star wouldn't do TV press for it, report says
The former NFL quarterback balked at requests by The Change Company to appear on "Good Morning Amer…
Carla Mozée
1 min read
Digital World SPAC tied to Trump's Truth Social extends two-day decline to 13% after app downloads plummet
Despite the recent sell-off, Digital World is still up nearly 500% from its SPAC IPO price of $10 p…
Matthew Fox
2 mins read
Trump-linked SPAC falls as the company gives shareholders more time to vote on extending a merger deadline with Truth Social
Digital World Acquisition Corp. is giving shareholders two more days to vote on extending a merger …