B Capital—an investment firm led by Facebook cofounder Eduardo Saverin and former Bain Capital executive Raj Ganguly—won’t pursue an earlier plan to launch a special purpose acquisition company (SPAC)...
Tag: SPAC
Dow Jones Falls As Tech Stocks Fight; Twitter Gains As Elon Musk Takes Control; Donald Trump SPAC Craters
The Dow Jones Industrial Average fought back to even Monday as tech stocks rallied. Twitter (TWTR) spiked as Tesla (TSLA) CEO Elon Musk struck a deal to acquire TWTR for 54.20 a share. In contrast, th...
Aura FAT SPAC Pulls $115m in IPO, Planning to Merge Crypto Firm
Cayman Islands incorporated Special Purpose Acquisition Company (SPAC) Aura FAT Projects Acquisition Corp has announced its successful Initial Public Offering (IPO) on the Nasdaq Exchange where it rai...
Crypto-focused SPAC raises $115M in Nasdaq IPO
Aura FAT Projects Acquisition Corp. (AFARU), a special purpose acquisition company (SPAC), has closed its initial public offering (IPO) on Nasdaq and raised $115 million, focusing on crypto industry a...
Crypto SPAC Raises $100 Million – Trustnodes
One of the first crypto focused special purpose acquisition company (SPAC), has raised $115 million in an Initial Public Offering (IPO). Aura FAT Projects Acquisition Corp. debuted on Nasdaq under the...
Rivian CEO on growth, Amazon vans, SPAC bubble and lower-priced EVs
Rivian CEO RJ Scaringe on April 11, 2022 inside the company’s plant in Normal, Ill. Michael Wayland / CNBC NORMAL, Ill. – Rivian Automotive CEO Robert Scaringe hops out of one the automaker̵...
Activist investors are hunting targets in the SPAC market, but battles won’t be easy to win
Daniel Loeb, founder and chief executive officer of Third Point LLC Jacob Kepler | Bloomberg | Getty Images (Click here to subscribe to the Delivering Alpha newsletter.) The once red-hot SPAC market i...
Dow Jones Falls; Donald Trump SPAC Plunges As Elon Musk Joins Twitter Board; 3 Stocks Eye Buy Points
The Dow Jones Industrial Average slid while the Nasdaq dived after a senior Fed official made hawkish comments. Twitter (TWTR) popped again on the news that Tesla (TSLA) CEO Elon Musk is joining its b...
CEO Behind $50 Billion Stablecoin Explains Why Not All Digital Dollars Are Created Equal
Circle CEO Jeremy Allaire Circle Financial Jeremy Allaire is CEO of Circle, one of the primary issuers of the dollar-pegged USD Coin, one of the fastest growing stablecoins in the world. With a market...
Bitcoin Mining Startup Primeblock to Go Public via SPAC Merger as SEC Targets SPAC Deals – Mining Bitcoin News
Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a ...
PrimeBlock, A Bitcoin mining company to go public via SPAC merger
PrimeBlock brought in $21.8 million in revenue through mining 356.8 BTC The company it will generate up to $98 million in annual revenue BTC Price at the time of writing – $46,268.04 The US-base...
Dow Jones Gains; Twitter Stock Explodes As Elon Musk Invests; Donald Trump SPAC Plummets
The Dow Jones Industrial Average gained but lagged the surging Nasdaq. Twitter (TWTR) exploded on news that Tesla (TSLA) owner Elon Musk has snapped up shares. Meanwhile, the Donald Trump SPAC Digital...
BTC Miner PrimeBlock to go Public Through a $1.25B SPAC Merger (Report)
The US-based cryptocurrency mining and infrastructure startup – Prime Blockchain Inc. (PrimeBlock) – will reportedly become a publicly-traded company. The organization plans to merge with a blank-chec...
Bitcoin miner PrimeBlock plans to go public via $1.25 billion SPAC deal
Crypto miner PrimeBlock announced its intention to be listed on the Nasdaq stock exchange by merging with 10X Capital Venture Acquisition Corp. II, a special purpose acquisition company (SPAC) and a s...
Bitcoin mining company PrimeBlock to go public via $1.25B SPAC merger
On Friday, Bitcoin (BTC) mining company PrimeBlock announced that it is merging with special purpose acquisition vehicle (SPAC) company 10X Capital Venture Acquisition Corp II. The deal places PrimeBl...
SEC Unveils New SPAC Rules Targeting ‘Unreasonable’ Financial Projections And Requiring More Disclosures
Topline The Securities and Exchange Commission proposed a set of measures to bolster disclosure requirements for special-purpose acquisition, or blank-check, companies on Wednesday amid a wave of scru...
Successful In China, U.S. Accountant Looks To Southeast Asia For New Growth
Southeast Asia offers good growth prospects for global investors, says Drew Bernstein, co-chairman … [+] of New York-headquartered MBP. The accounting firm plans to open an office in Singapore i...
Japan’s Coincheck to combine with SPAC Thunder Bridge in $1.25 billion deal
Coincheck Inc., a cryptocurrency marketplace and digital asset exchange that’s a unit of Japan’s Monex Group, said Tuesday it has agreed to a business combination with special purpose acqu...