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The Latest Breaking News from SPAC

Another Chinese Car Tech Company Aspires To Go Public Via SPAC Merger After DiDi's Debacle

Billionaire Li Shufu-backed car technology company Ecarx Holdings Inc looks to go public via a special purpose acquisition company (SPAC) merger with Cova Acquisition Corp (NASDAQ:COVA). Ecarx, founded in 2017 by Geely Automobile Holdings Ltd's (OTC:GELYY) Shufu and Ziyu Shen, develops software and hardware like digital cockpit and infotainment systems for cars, Bloomberg reports. Ecarx serves both combustion-powered vehicles…

5 Restaurant Stocks That Could Attract Merger Or Takeover Interest Amid Wendy's-Trian News

5 Restaurant Stocks That Could Attract Merger Or Takeover Interest Amid Wendy's-Trian News

A top fast food restaurant saw shares jump on rumors of a potential takeover by a leading investor. The move would follow up a busy 2021, which saw several large transactions in the space. Here’s a look at how merger and acquisition activity could shape up in the restaurant sector.

Grab Loses Two Top Fintech Veterans Amid Its Business Restructuring: Reuters

Grab Loses Two Top Fintech Veterans Amid Its Business Restructuring: Reuters

Grab Holdings Limited (NASDAQ:GRAB) lost two top executives in its fintech business, adding to other senior departures as the Southeast Asian ride-hailing and delivery firm rejigs the critical unit at the loss-making group, Reuters reports. Chris Yeo, who headed Grab's payments and rewards business and has been with the company for nearly…

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eToro Hones In On $1B Funding As SPAC Plans Setback

eToro is targeting a $1 billion funding round. The development comes as the social trading and investment network looks to circumvent its stalled attempt to go public.

5 Short Squeeze Candidates To Watch This Week: 2 Former SPACs Join Leaderboard With BigBear.AI Topping List

Potential short squeeze plays gained steam in 2021, with new retail traders looking for the next huge move.

Merger Arbitrage Mondays - U.S. Defense Contractor ManTech International To Be Acquired By Carlyle

Merger activity decreased last week with two new deals announced and three deals completed. ManTech International Corporation (NASDAQ: MANT)

Could Terra's Stablecoin Struggles Affect The Circle SPAC Deal And Valuation?

Stablecoins have dominated the headlines in the world of cryptocurrency this week with the crash of several coins. The downward moves and negative connotations building for stablecoins could spell trouble for a SPAC deal that involves a leading stablecoin company.

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Trump SPAC Deal Finally Files A Proxy: 10 Key Details We Now Know

Trump SPAC Deal Finally Files A Proxy: 10 Key Details We Now Know

Seven months after announcing a SPAC merger, a social media company owned by former President Donald Trump has filed its proxy. Here are the key details from the more than 250 pages contained in the proxy filing.

Why OTR Acquisition Shares Are Soaring Today

Why OTR Acquisition Shares Are Soaring Today

Shares of a SPAC are trading significantly higher Friday after a large portion were redeemed as part of the SPAC process.

Inside SoftBank’s side letter with Better CEO Vishal Garg

Inside SoftBank’s side letter with Better CEO Vishal Garg

Documents show that Garg put his own personal fortune on the line and could face uncapped losses.

Morning Brief: Top Financial Stories Dominating on Thursday, May 12

Morning Brief: Top Financial Stories Dominating on Thursday, May 12

CNBC Instacart Confidentially Files For US IPO

US Army, Airbus Battery Supplier Turns To SPAC Deal For Public Debut: WSJ

US Army, Airbus Battery Supplier Turns To SPAC Deal For Public Debut: WSJ

Amprius Technologies Inc has agreed to merge with a special-purpose acquisition company (SPAC)that values the company at about $1.3 billion and would take it public, Wall Street Journal reported. Amprius makes batteries that it says are more powerful than conventional lithium-ion cells because they use energy-dense silicon in the battery’s anode instead…

Opinion: SPACs’ Painful Reckoning Should Not Spell Their Demise

Opinion: SPACs’ Painful Reckoning Should Not Spell Their Demise

Despite criticisms, the underlying premise of allowing access to early-stage, private companies is admirable and much-needed in a market that often favors institutional players

EV Maker's Stock Tanks Amid 'Going Concern' Warning, Lawsuit Against China-Linked Shareholder

EV Maker's Stock Tanks Amid 'Going Concern' Warning, Lawsuit Against China-Linked Shareholder

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Morning Brief: Top Financial Stories Dominating on Tuesday, May 10

Reuters US Trucking Downturn Threatens Autonomous Operators like Uber Freight

The Guardian - UK

Gay dating app Grindr to float in $2.1bn deal

Company, which has 10.8 million monthly active users, aims to hire LGBTQ+ chief executive

Gay dating app Grindr to go public in $2.1bn Spac deal

Gay dating app Grindr said on Monday it would go public through a merger with a blank-check acquisition firm - a deal that values it at $2.1 billion (72 billion baht) and features Tiga Investments CEO Raymond Zage on both sides of the transaction.

LGBTQ Social Media Platform And Dating App Grindr Lands SPAC Deal: What Investors Should Know

A leading social media platform and dating company with a target demographic announced a SPAC deal after market close Monday.

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CH-Auto Challenges Li Auto, Nio, Xpeng with U.S. SPAC Listing

Merger Arbitrage Mondays - Black Knight (BKI) To Be Acquired By Intercontinental Exchange (ICE)

Merger activity decreased last week with three new deals announced and four deals completed. Two of the three deals announced were potential deals in the works. We saw yet another SPAC business combination fall apart. Black Knight (NYSE: BKI)

Stock Wars: ChargePoint Vs. Volta

Benzinga’s weekly Stock Wars matches up two leaders in a major industry sector with the goal of determining which company is the better investment.

New Electric Motorcycle From Harley-Davidson Unit Could Be Unveiled Next Week

Motorcycle fans looking for an electric vehicle option could be in luck soon with leader Harley-Davidson Inc (NYSE: HOG) set to unveil a new electric motorcycle next week.

41 Stocks Moving In Tuesday's Mid-Day Session

Gainers SoundHound AI, Inc. (NASDAQ: SOUN) shares jumped 47.4% to $16.13. The company recently completed a SPAC merger deal last week and began trading on Thursday.

What's Going On With SoundHound AI Stock Today?

SoundHound AI Inc (NASDAQ: SOUN) shares are soaring on above-average volume Tuesday. The company completed a SPAC merger with Archimedes Tech SPAC Partners Co. last week and saw a high redemption rate.

Evening Standard

Cazoo sales hit £250 million despite turbulence

Online used car retailer Cazoo has seen its quarterly revenues top £250 million for the first time as it faced off challenging market conditions and a decline in consumer spending.

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