TL;DR Breakdown Japanese exchange Coincheck to list on Nasdaq following a $1.25 billion SPAC merger. Coincheck’s $530 million digital money heist prompted more stringent regulatory monitoring among cr...
Tag: SPAC
Crypto Exchange Coincheck to Go Public with a $1.25B SPAC Deal
Japanese crypto exchange, Coincheck, which is owned by the Monex Group, announced on Tuesday that it will go public through a merger with the blank-check company, Thunder Bridge Capital Partners IV. Q...
The Ugly Truth About Trump Media Acquirer Digital World’s Shares
The SPAC that’s acquiring former President Donald Trump’s media company is facing a daunting list of negatives as it moves towards closing the transaction. Real Money Columnist Brad Ginesin outlined t...
Investing app Acorns taps ‘choppy’ private markets at $1.9 billion valuation after scrapping SPAC
Noah Kerner, CEO of Acorns. Adam Jeffery | CNBC Acorns, the fintech start-up that scrapped plans to go public in January, has raised $300 million from private investors, CNBC has learned. The savings ...
Chamath Palihapitiya Steps Down As Virgin Galactic Chairman
Updated at 9:38 am EST Chamath Palihapitiya, the outspoken venture capitalist who fronted several special purpose acquisition companies at the peak of last year’s investment frenzy, will step do...
Circle Doubled Its Value To $9 Billion With New SPAC Deal
On Thursday, US-based financial firm Circle announced that its new SPAC deal with Concord Acquisition Corp to list on Wall Street had ballooned its value to $9 billion. Concord, a blank-checked compan...
‘SPAC King’ Chamath Palihapitiya Abruptly Resigns As Virgin Galactic Chair Amid Stock Crash
Topline Chamath Palihapitiya, the so-called SPAC King whose investment firm helped take Virgin Galactic public in 2019, abruptly resigned from his position as the British-American aerospace company’s ...
Circle’s updated SPAC deal boosts the company’s valuation to $9 billion
Circle, the company behind the USDC stablecoin, doubled its valuation following a new agreement with Concord Acquisition Corporation (NYSE:CND). The two corporations first revealed this merger plan in...
Stablecoin Provider Circle Hits $9B Valuation After New SPAC Deal
In roughly six months, Circle has essentially doubled its valuation. Announced today, the latest $9 billion valuation comes after the firm announced new terms with the special-purpose acquisition cor...
Circle valued at $9 billion under revamped SPAC deal terms
advertisement Circle — the firm behind stablecoin USDC — announced on Thursday that it has scrapped its previous deal with special purpose acquisition company Concord Acquisition Corp in favor for a n...
We’re being harsh on companies that went public via SPAC
Boxed: “We are being very harsh on companies that came public via SPAC, even ones we like, so I’m just going to have to say I’m withholding.” Graphic Packaging: “I happen...
Apifiny Announces Plans to Go Public via Merger with Abri SPAC I
On January 27, Apifiny, a global digital asset trading network based in New York, announced plans to go public by merging with a special purpose acquisition Acquisition Acquisition means acquiring...
Crypto exchange Apifiny goes public after $530 million deal with Abri SPAC
advertisement Apifiny Group Inc announced Thursday that it is going public after a merger with Abri SPAC I, a special purpose acquisition company. Apifiny is expected to be listed on NASDAQ once the ...
Italian space company D-Orbit going public via Nasdaq SPAC
An artist’s rendition of an ION spacecraft deploying satellites in orbit. D-Orbit Italian space transportation and services company D-Orbit announced Thursday plans to go public via a SPAC, in a...
BitFuFu Announces Plans to Go Public in US via SPAC
On January 25, BitFuFu, a Bitmain-backed cloud mining company, announced plans to go public in the US through a merger with special-purpose acquisition vehicle, Arisz Acquisition Corp. The merger ...
Bitmain-Backed Crypto Mining Company Reaches $1.5 Billion SPAC Merger To Go Public
Leo Lu, founder and CEO of BitFuFu. Courtesey of BitFuFu Cryptocurrency mining services company BitFuFu, backed by industry giant Bitmain, is slated to go public in the United States by merging with a...
Largest North American Bitcoin miner to start trading at NASDAQ after SPAC merger
The largest Bitcoin miner in North America, Core Scientific Inc, is set to go public. Investors have approved a $4.3 billion merger with a Special Purpose Acquisition Company (SPAC). The Texas-based B...
North America’s Largest Bitcoin Miner Goes Public With a SPAC Merger (Report)
Investors of Core Scientific Inc. (a leading US bitcoin mining company) have reportedly approved a plan to get listed on Nasdaq. The firm started trading under the symbol CORZ. Nasdaq’s Newest Member ...
Buyer Be Careful In The SPAC/Trump Media Deal
Like many special purpose acquisition company (SPAC) deals, the proposed merger of Digital World Acquisition Corp. (DWAC) and the Trump Media and Technology Group is complex, which poses a risk to inv...
Core Scientific Debuts on the Nasdaq after It Completed SPAC Merger
On January 20, Core Scientific, a popular blockchain and Artificial Intelligence hosting, transaction processing, and application development company, announced that it has officially gone public. The...
SPAC Set To Merge With Circle, ARK ETF Purchases 6.93 Million Shares Of SPAC
ARK Invest purchased about 6.93 million shares of the SPAC worth $70.6 million through the organization’s ARK Fintech Innovation ETF. SPAC is set to merge with Circle, which earlier revealed that it w...
Cathie Wood’s ARK ETF reportedly buys 6.93M shares of SPAC merging with Circle
Cathie Wood’s Ark Invest has reportedly purchased 6.93 million shares of the special purchase acquisition company, or SPAC, that is merging with Circle, for $70.6 million through the company’s A...
Michael Andretti Heads Up SPAC To Raise $200 Million Through IPO; Focus Outside Of Racing
(L-R) Marco Andretti, Bill Sandbrook, Mario Andretti, Michael Andretti. Michael and Sandbrook are … [+] co-CEOs of Andretti Acquisition Corp. SPAC which launched their IPO on the New York Stock ...
Palihapitiya SPAC Is Said to Be in Talks With ProKidney
(Bloomberg) — A blank-check firm started by serial dealmaker Chamath Palihapitiya and Suvretta Capital is in merger talks with medical technology company ProKidney LLC, according to people with ...
Trump Financier in Last-Ditch Move to Salvage Hydrogen SPAC Deal
(Bloomberg) — Patrick Orlando, the financier helping take Donald Trump’s digital venture public, is making a last-ditch effort to stave off the liquidation of one of his other blank-check compan...
Sweden leads Europe’s first blockchain-centric, SPAC
HODL SPAC Europe intends to be the first blockchain-centric SPAC to go public in Europe, with the objective of purchasing at least one firm in the blockchain industry for up to $55 million. There will...
Opinion: Warren Buffett is teaching meme-stock players and crypto traders some hard lessons about why market fundamentals still apply
In early 2021, age-old investing principles of business valuation were declared passe by meme-stock buyers, SPAC enthusiasts, and crypto-traders. A new generation of market players declared that Warre...