The Dow Jones Industrial Average rallied amid rising hopes on interest rates. The Donald Trump SPAC Digital World Acquisition (DWAC) jumped on a key shareholder vote. Retail stocks gained after Best B...
Tag: SPAC
Dow Jones Wavers Amid Poland Attack; Donald Trump SPAC Dives; Warren Buffett Stock Soars
The Dow Jones Industrial Average closed off lows after reversing amid reports that rockets hit inside Poland. New Warren Buffett holding Taiwan Semiconductor (TSM) surged while the Donald Trump SPAC D...
Dow Jones Up On Election Day; ‘GOP Stocks’ Gain, Donald Trump SPAC Falls; Bitcoin Dives
The Dow Jones Industrial Average moved higher as Americans voted on Election Day. A number of so-called “Republican stocks” made gains, though the Donald Trump SPAC Digital World Acquisiti...
Trump-Tied SPAC Gains as Investors Leap at Presidential Bid
(Bloomberg) — Investors snapped up shares of Digital World Acquisition Corp., the blank-check firm set to merge with Donald Trump’s social media company, after the former president hinted at pla...
Third Time’s a Charm? Bitcoin Miner Bitdeer Delays $4B SPAC Deal Again
Blue Safari Group, the SPAC firm taking crypto miner Bitdeer public at a $4 billion valuation, has just filed for another extension—the third in less than six months, and this time for up to a year in...
Circle’s $9 Billion SPAC Deal Postponed Once Again; Merger to Take Effect in January 2023 – crypto.news
The Circle-Concord Merger has been delayed the second time due to procedural issues. New SEC Filing Reveals Another Delay in the Anticipated $9 Billion Merger Circle has announced another delay of its...
After Pulling Its SPAC Deal, Startup Bright Machines Raises $100 Million On Factory-Reshoring Trend
Bright Machines microfactories automate electronics manufacturing. Manolo Lopez, Formidable Lior Susan figures snarled supply chains, Covid lockdowns in China and geopolitical pressures give U.S. manu...
Fear of missing out can be a killer for investors. How top advisors keep it at bay
Michael H | Digitalvision | Getty Images The fear of missing out, or FOMO, can be a powerful psychological force — and it may lead unwary investors to lose bundles of money, according to financial adv...
Paul Ryan’s SPAC Is the Latest Hit by a Massive Investor Exodus
(Bloomberg) — A SPAC that counts former US House Speaker Paul Ryan as chairman became the latest vehicle to be bailed on by investors who want their money back. Most Read from Bloomberg Executiv...
SPAC liquidations top $12 billion this year as sponsors grapple with tough market, new buyback tax
Chamath Palihapitiya, Social Capital Founder and CEO CNBC A new buyback tax has motivated more and more SPAC sponsors to close up shop before the year-end, adding another headwind to the blank-check s...
FinAccel Becomes Singapore’s Newest Unicorn After Canceling SPAC Merger, U.S. IPO Plans
Akshay Garg, cofounder and CEO of FinAccel. Courtesy of FinAccel Singapore-based FinAccel—the parent of Indonesia’s buy now, pay later (BNPL) platform Kredivo—has become the city-state’s newest unicor...
Digital World SPAC to Rally Shareholder Votes to Extend TMTG Merger
Besides Twitter, other social media platforms also banned the President, as they claimed his comments are divisive and do not align with their core policies. With the December 8 deadline to take the T...
Trump SPAC changes address to UPS Store as investors pull over $130 million
The social media app will be developed by Trump Media and Technology Group (TMTG). Rafael Henrique | LightRocket | Getty Images Digital World Acquisition Corp., the blank-check company looking to take...
Intuitive Machines going public via SPAC at near $1 billion valuation
The Nova-C lunar lander seen on April 26, 2022 during assembly for the IM-1 mission. Intuitive Machines PARIS — Lunar-focused space company Intuitive Machines announced Friday it will go public via a ...
Video platform Rumble to go public after successful SPAC vote
The Rumble video platform logo on a laptop computer arranged in Hastings on Hudson, New York, U.S., on Saturday, Jan. 23, 2021. Tiffany Hagler-Geard | Bloomberg | Getty Images Shareholders of the spec...
Crypto Miner Bitdeer Delays $4B SPAC Deal Again
The SPAC firm taking cryptocurrency miner Bitdeer public at a $4 billion valuation has filed for another three-month extension. The Blue Safari Group, a special purpose acquisition company, was suppos...
Trump SPAC adjourns shareholder meeting as it seeks to delay merger deadline
The former US President announced his intention to create a new social media platform after he was banned from Facebook and Twitter last year. Leon Neal | Getty Images Digital World Acquisition Corp. ...