(Bloomberg) — A blank-check company led by former New York Yankee Alex Rodriguez became the latest firm to be rocked by investors opting to swap their stock for cash as the industry fizzles. Mos...
Tag: SPAC
Cloud Mining Firm Bitfufu Delays SPAC Deal Yet Again
2 hours ago | 2 mins read Bitcoin News The company was expected to go public in the third quarter of 2022. The latest move pushes back the public listing until May. According to a statement released o...
Bernard Arnault Takes On Elon Musk With SPAC Deal to Take Lotus Public
(Bloomberg) — A blank-check firm affiliated with Bernard Arnault, the world’s richest man, just reached a deal to take a potential challenger to No. 2 billionaire Elon Musk onto the public marke...
Shipping Platform Freightos Goes Public in SPAC Deal
Online freight booking platform Freightos Ltd. started trading shares publicly on Thursday through a merger with a special-purpose acquisition company, just as the booming shipping demand that helped ...
Circle Criticizes SEC Over Approval Leading to Fallout of SPAC Deal
13 hours ago | 2 mins read Altcoin News Rather than the market slump or uncertain investors, Circle now blames the SEC. Aside from FTX, the SEC has been cautious about the whole cryptocurrency sector....
Circle Blames US SEC for Failed $9B Spac Deal: FT
Circle, the company behind the USDC stablecoin, has blamed the US Securities and Exchange Commission (SEC) for its failed plans to go public. According to a new report by FT, the regulatory agency fai...
Fidelity Fund Bought Shares in a Crypto SPAC – Trustnodes
The Fidelity Concord Street Trust, which kind of invests in everything with $11 billion in assets under management, has invested in a number of crypto related entities, though not in bitcoin or eth di...
SPAC Deal of Bitcoin Miner GRIID Pushed Back Yet Again
7 hours ago | 2 mins read Bitcoin News The original announcement of the acquisition was made in November 2021. The procedure has been formally postponed for the third time. The completion of the Bitco...
Tesla rolls into a pressure cooker, Paris mulls its scooter future, and the double SPAC arrives
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive the full edition of the newsletter every weekend in your inbox. Subscribe ...
Former SPAC CFO Pleads Guilty To Funds Misappropriation To Trade Crypto
Going by the name Cooper Morgenthau, the former chief financial officer on Tuesday pleaded guilty to wire fraud charges in front of the U.S. District Judge Paul Engelmayer in Manhattan federal court. ...
Block.one Crypto Exchange’s Merger with a SPAC Terminated
The crypto exchange of Block.one, Bullish, plan to go public got terminated. Its $9 billion merger with a SPAC got terminated just after four months when courts rejected its $27.5 million settlement i...
SPAC Deal of Crypto Exchange Bullish Called Off
8 seconds ago | 2 mins read Exchange News With the merger agreement reached in July 2021, Far Peak and Bullish planned IPO listing. The company’s CEO acknowledged that the journey was taking longer th...
Peter Thiel-Backed Bullish Pulls the Plug on $9B SPAC Deal
Crypto exchange Bullish has called off the planned merger worth $9 billion with Far Peak Acquisition Corp. According to an official statement, the two entities have mutually agreed to terminate their ...
Block.one Cans $9B SPAC Merger 4 Months After Scrapped EOS Settlement
Block.one’s crypto exchange Bullish won’t be going public after all. Its $9 billion merger with a SPAC has been terminated just four months after courts rejected its $27.5 million settlement in ...
Crypto firm Bullish calls off $9bn SPAC deal
Crypto exchange Bullish, which aimed to go public on NYSE, has declined the $9bn merger citing the market conditions and the SEC’s new rules on crypto. The crypto winter has affected business relation...
Crypto exchange Bullish announces termination of SPAC deal, citing SEC practices
Bullish, a crypto firm that came to public attention in July 2021 for seemingly being unclear on what products or services it was offering, has announced the termination of a deal aimed at taking the ...
Peter Thiel-Backed Crypto Exchange Bullish Calls Off SPAC Deal
“Our quest to become a public company is taking longer than expected, but we respect the SEC’s ongoing work to lay new digital asset frameworks and clarify industry-specific disclosure and accou...
Three Execs Abruptly Depart SPAC As Lingering Investigations And Market Chaos Imperil Deal
Topline Digital World Acquisition Corp., the special-purpose acquisition company picked to take former President Donald Trump’s social media company public, unveiled a series of high-level depar...
Developer Of Revolutionary Carbon-Capturing Power Plant To Go Public Via SPAC With Gas-Fracking Rice Bros
Rodney Allam at NET Power’s pilot plant in La Porte, Texas, 2017. Michael Thad Carter, for Forbes The Rice Brothers — Danny, Toby and Derek — have made a fortune in the business of fracking shal...
Infinite Reality Expects to Raise $128 Million From The SPAC Merger
Metaverse may not have a precise definition yet, but it does have a lot of admirers. Mark Zuckerberg, the Meta CEO, holds a long term vision towards the ultimate digital future where virtual spaces wi...
Billionaire Guo Guangchang’s Lanvin Fashion House To Start Trading In New York As SPAC Deal Approved
Pedestrians walk past a Lanvin boutique in Tokyo, Japan. getty Lanvin Group—controlled by Chinese billionaire Guo Guangchang’s Fosun International—will start trading in New York on Thursday after shar...
USDC Issuer Circle Dissolves SPAC Agreement With Concord
10 seconds ago | 2 mins read Altcoin News The Circle’s upper management is dissatisfied with the timing of the deal’s collapse. Circle planned to list on the Nasdaq as a special purpose acquisition co...
Circle Scraps SPAC Deal After Getting SEC Cold Shoulder
Circle Internet Financial and Concord Acquisition Group boards decided to end a Special Purpose Acquisition agreement that would have seen Circle become a publicly-traded company. Both companies ended...
USDC Issuer Circle Terminates SPAC With Concord
Circle SPAC Termination News: Circle Internet Financial, the company behind stablecoin USDC, on Monday officially announced it was terminating its special purpose acquisition company (SPAC) with Conco...
USDC issuer Circle terminates SPAC merger with Concord
Circle, the issuer of USD Coin (USDC), announced the mutual termination of its proposed merger with the special purpose acquisition company (SPAC) Concord Acquisition on Dec. 5. The deal was announced...
USDC issuer Circle terminates SPAC deal but plans to go public remains
Circle announced it has come to a mutual agreement with Concord to terminate acquisition plans The deal was initially announced in July 2021 and would have allowed Circle to go public Circle CEO assur...
In Post-FTX World, Circle Kills SPAC Plans
In a “mutual decision,” Circle and its planned special purpose acquisition company (SPAC) partner Concord have pulled the plug on plans to go public, the companies said Monday. The SEC had not g...
Circle and SPAC Concord mutually terminate business combination
Peer-to-peer payments technology company Circle and publicly traded special purpose acquisition company Concord Acquisition Corp mutually ended their proposed business combination after the deal ̶...
Bitcoin depot to go ahead with SPAC merger after reporting strong revenue
Leading crypto ATM operator Bitcoin Depot has reiterated its plans to merge with GSR II Meteora Acquisition Corp, the $321 million special purpose acquisition company (SPAC) formed for facilitating me...