Canoo burns cash in race to hit $1B EV sales goal

Electric vehicle company Canoo’s second-quarter results, like its first-quarter results, show a pre-revenue company that’s burning through cash. However, last quarter, Canoo was warning it might...

Softbank's View could run out of money by November. Here's how it went from investor darling to one of the worst...

Insiders told us the smart-glass company "burned cash and struggled with product failures for years."

Legal trouble delays the SPAC deal as buyer seeks more time to complete merger

After facing a series of regulatory obstacles, the shell company attempting to take over former President Donald Trump's social media platform needs to extend a looming deadline to complete the...

Seamless, which provides cross-border digital remittances and cashless payments services, agrees to go public via a...

Global FinTech platform Seamless Group will become publicly traded through a combination with special purpose acquisition company INFINT Acquisition Corp., the two companies announced in a...

B2B payments provider Plastiq plans to go public via a SPAC merger at a ~$480M valuation; Plastiq's current CEO and...

SPAC Boom Goes into Silence with No Issuance in July and Prospect of Strict Regulation

Ibukun is a crypto/finance writer interested in passing relevant information, using non-complex words to reach all kinds of audience. Apart from writing, she likes to see movies, cook, and explore...

SPAC market hits a wall as issuance dries up and valuation bubble bursts

Not a single special purpose acquisition company was issued in July. Sponsors forced to pause as investor interest waned and regulatory pressure ramped up. SPAC investors have turned their backs...

SPAC market hits a wall as issuance dries up and valuation bubble bursts

Not a single SPAC was issued in July as the market slowdown turned into a screeching halt.

Forbes Is Said to Explore Sale After SPAC Deal Collapses

Forbes has tapped Citigroup to sell at least the $630 million valuation declared in its earlier process to go public through a blank-check company. In recent weeks, an offering document describing...

Forbes said to explore a sale after SPAC deal collapses

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Forbes explores sale, hires Citigroup as banker

Forbes said on Tuesday it was exploring a sale of its business and had hired Citigroup to manage the process, months after it pulled out of a deal to go public through a special purpose...

BuzzFeed goes to court against ex-employees

BuzzFeed and more than 90 of its former employees remain locked in a legal fight over the company's public listing last December, during which the ex-employees claim to have been improperly...

W3BCloud, Provider of Blockchain Cloud Infrastructure, Goes Public in US

Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology...

Nikola Buys Romeo Power for 11% of Battery Maker's SPAC Valuation

Nikola Corp. will acquire Romeo Power Inc. for a sliver of what the battery maker was worth. The all-stock transaction values Romeo Power at about $144 million. That’s only about 11% of the...

Nikola to acquire battery-pack supplier Romeo Power in $144 million deal

Nikola has agreed to acquire Romeo Power in a $144 million all-stock transaction. The move will increase Nikola's vertical integration and is expected to result in significant savings over the...

Nikola to acquire battery-pack supplier Romeo Power in $144 million deal

Nikola has agreed to acquire Romeo Power in a $144 million all-stock transaction. The move will increase Nikola's vertical integration and is expected to result in significant savings over the...

Nikola to acquire battery pack supplier Romeo Power in $144 million deal

Nikola has agreed to acquire Romeo Power in a $144 million all-stock transaction. The move will increase Nikola's vertical integration and is expected to result in significant savings over the...

A look at the rise and fall of Bird, now a penny stock with a public market cap under $140M, as valuations in its...

Almost exactly five years ago, the scooters came. That’s when Bird, the first unicorn in this once sizzling startup sector, launched its inaugural scooter-sharing service. The company, founded by...

Wall Street Wins Again

Wall Street Wins Again – SPAC Edition Authored by Lance Roberts via RealInvestmen tAdvice.com, As expected, Wall Street wins again. In 2020 and 2021, retail investors were chasing...

Binance CEO sues Bloomberg Businessweek's Hong Kong publisher for defamation over a June 23 profile, claiming it...

Binance CEO Changpeng Zhao on Monday sued Bloomberg Businessweek’s Hong Kong publisher Modern Media CL. on defamation claims over a translated Chinese language article title that portrayed the...

Cannabis Watch: Cannabis SPAC Choice Consolidation returns money to shareholders

The liquidation of Choice Consolidation Corp. comes after the SPAC drew in about $172 million in its IPO in early 2021. The blank-check company, or SPAC, was unable to find an acquisition that fit...

Redbox stock shoots toward best day on record

Shares of Redbox Entertainment Inc. were soaring 104% in morning trading. The stock was on track to surpass its largest single-day percentage gain of 69.4%. Through the deal, Chicken Soup assumes...

Why Pagaya Technologies Stock Skyrocketed Today

The Israeli fintech joined the the public markets via a SPAC merger in June.

Luminar to invest in Geely-affiliated Ecarx, eyes China market

Luminar, the Florida-based lidar company that went public via SPAC in 2020, has formed a close alliance with an auto behemoth in China. It’s making a strategic investment of an undisclosed amount...

FaZe Clan Goes Public On NASDAQ Following $725m SPAC

FaZe Clan are the first organisation of its kind to land on the NASDAQ exchange. The company announced their intention to go public last year, touting a $1 billion valuation of the company. This...

Faze Clan goes public in $725 million SPAC deal

Faze Clan has officially gone public via a SPAC merger with B. Riley Principal 150 Merger Corp. The deal values Faze at $725 million, which is lower than the original $1 billion valuation from...

Faze Clan goes public in $725 million SPAC deal

Faze Clan has officially gone public via a SPAC merger with B. Riley Principal 150 Merger Corp. The deal values Faze at $725 million, which is lower than the original $1 billion valuation from...

FaZe Clan goes public in $725 million SPAC, a market bet on Gen Z and the creator economy

FaZe Clan is an online media company made up of 93 members. The company started in 2010 with gamers posting videos on Youtube. FAZE shares sank in early trading after their debut on Wednesday...

FaZe Clan goes public in $725 million SPAC, a market bet on Gen Z and the creator economy

FaZe Clan is an online media company made up of 93 members. The company started in 2010 with gamers posting videos on Youtube. FAZE shares sank in early trading after their debut on Wednesday...

FaZe Clan stock price struggles on Nasdaq trading debut after SPAC listing

The e-sports company and content studio began as a group of friends playing the first-person shooter game ‘Call of Duty.’ Evidently unfazed by the state of the stock exchanges and IPO market, FaZe...

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