#spac

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fromTechCrunch
11 hours ago

A troubled SPAC plans to buy iRocket for $400M but it already returned most of its cash | TechCrunch

Innovative Rocket Technologies Inc. (iRocket) plans to go public through a merger with BPGC Acquisition Corp., despite significant financial challenges faced by the SPAC.
Venture
#stock-market
fromFast Company
3 months ago
Startup companies

Webull stock price update: BULL shares are falling today after a massive surge that followed its SPAC merger

fromFast Company
3 months ago
Startup companies

Webull stock price update: BULL shares are falling today after a massive surge that followed its SPAC merger

more#stock-market
fromTechCrunch
1 week ago

Faraday Future faces potential SEC enforcement action after three-year probe | TechCrunch

The SEC has sent Wells Notices to Faraday Future’s founder and president indicating impending enforcement actions due to a three-year-long fraud investigation related to their 2021 SPAC merger.
US politics
#bitcoin
more#bitcoin
fromFortune
3 weeks ago

SPACs are back: This year's crop of blank check companies lack celebrity sponsors, and that's likely a good thing

In 2021, SPACs saw massive involvement, with over 613 blank check companies raised $162.6 billion, but nearly 60% couldn't complete mergers, leading to skepticism.
E-Commerce
fromAP News
5 months ago

Trump Media says it lost more than $400 million last year

Trump Media & Technology Group reported a staggering loss of $400.9 million, attributing part of its troubled finances to an undisclosed revenue-sharing agreement with an advertising partner.
Tech industry
Business
fromFast Company
8 months ago

What's happening with 23andMe? Mass layoffs and restructuring are the latest blow for the embattled DNA testing company

23andMe is restructuring by laying off 200 employees and halting therapeutic programs in response to financial difficulties.
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