#spac

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fromTechCrunch
1 week ago

A troubled SPAC plans to buy iRocket for $400M but it already returned most of its cash | TechCrunch

iRocket is attempting to go public via a SPAC deal valued at $400 million despite limited funding and significant challenges.
fromFast Company
2 weeks ago

GrabAGun stock price declines after SPAC merger and listing on NYSE

GrabAGun Digital Holdings had a disappointing stock market debut with shares falling 23% on the first trading day.
fromTechCrunch
2 weeks ago

Faraday Future faces potential SEC enforcement action after three-year probe | TechCrunch

The SEC has sent Wells Notices to Faraday Future’s founder and president indicating impending enforcement actions due to a three-year-long fraud investigation related to their 2021 SPAC merger.
US politics
#bitcoin
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fromFortune
1 month ago

SPACs are back: This year's crop of blank check companies lack celebrity sponsors, and that's likely a good thing

In 2021, SPACs saw massive involvement, with over 613 blank check companies raised $162.6 billion, but nearly 60% couldn't complete mergers, leading to skepticism.
E-Commerce
fromIrish Independent
1 month ago

Irish businessman Gary Quin hits paydirt with $1bn US bitcoin venture

Columbus Circle Capital is merging with ProCap BTC to create ProCap Financial, aiming to bridge bitcoin and traditional finance.
fromFast Company
3 months ago

Webull stock price update: BULL shares are falling today after a massive surge that followed its SPAC merger

Webull Corporation's shares surged nearly 375% after merging with a SPAC, indicating significant public interest, but premarket trading shows a decline of about 15%.
Startup companies
fromAP News
5 months ago

Trump Media says it lost more than $400 million last year

Trump Media & Technology Group lost $400.9 million last year, with revenue declining 12% to $3.6 million.
fromFast Company
8 months ago

What's happening with 23andMe? Mass layoffs and restructuring are the latest blow for the embattled DNA testing company

23andMe is restructuring by laying off 200 employees and halting therapeutic programs in response to financial difficulties.
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