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The Latest Breaking News from SPAC

Truth Social SPAC again delays shareholder vote

It is unable to access hundreds of millions of dollars tied to a prospective merger with a blank check acquisition company.

Axios

Another 'Yuge' Setback For Donald Trump's SPAC Merger Deal: Will The Deal Fall Apart?

A SPAC set to take former President Donald Trump’s new media company public is facing another setback as it moves closer to liquidation.

Benzinga

Behind the scenes of how Trump’s Truth Social was born, and how it could fall apart

Former President Donald Trump’s quest to establish a Florida-based social media platform as a conservative alternative to Twitter will face a critical vote on Monday when investors decide whether to extend a deadline allowing more time for the federal government to sign off on the deal.

Miami Herald

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DWAC Stock Falls As Trump Merger Deadline Vote Is Delayed Once Again

DWAC stock dropped Friday as the beleaguered SPAC seeks a deadline extension to complete its merger with Donald Trump's social media platform.

Investors Business Daily

Without 'The Apprentice' There Would Be No President Trump: New Book Details How Reality TV Helped Him Win In 2016

In her newly released book, “Confidence Man: The Making of Donald Trump and the Breaking of America," author Maggie Haberman recalls how the reality TV show “The Apprentice” helped shape the way voters saw former President Donald Trump.

Benzinga

Why US interest in Everton is set to continue as 'takeover' talks emerge

Everton have attracted interest from US investors in recent months

Liverpool Echo

Asia Innovations SPAC Listing: Based in Singapore, But Made in China

Key Takeaways: Developing markets social media company Asia Innovations is planning a U.S. SPAC listing that could provide it with up to $350 million in new funds Company could represent a new generation of founding teams with Chinese roots setting up internet companies in Singapore to avoid stricter Chinese regulations

Benzinga

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Everton takeover clock is ticking as American interest and SPAC explained

Everton have reportedly held preliminary discussions with LAMF Global Ventures Corp

Liverpool Echo

Everton in 'takeover talks' with US group led by George Soros nephew and advised by Keith Harris

Everton have reportedly held preliminary talks with a US-based special purpose acquisition company with regards to a takeover

Liverpool Echo

Billionaire VC Chamath Palihapitiya Sells Clover Health Shares: Is He No Longer Bullish?

Once touted as the SPAC King, Chamath Palihapitiya used blank check companies to take several private companies public. But as the SPAC craze dies out, the billionaire venture capitalist is now distancing himself from those particular investment vehicles.

Benzinga

Investors turn on Truth Social deal

Investors have "begun to waver as bad news keeps piling up around the deal," Politico reports

Salon

Cathie Wood To The Moon! Ark Invest Loading Up On This Space Company For Its ETFs

Ark Invest and Cathie Wood have bet on several space-related companies over the years. The ETF company also launched its own space ETF in 2021 to tackle the growing industry.

Benzinga

Hony Capital Switches SPAC IPO Focus from U.S. to Hong Kong

Key Takeaways: Everest Acquisition Corporation, a SPAC co-funded by Hony Capital and ABCI Capital, applied to list in Hong Kong with the aim of acquiring companies in the healthcare, consumer goods and green sectors

Benzinga

Trump's Deadbeat SPAC Switches Address To A P.O. Box - From A WeWork Office Space In Miami

A SPAC set to take Donald Trump’s media company public has been linked to troubles with finances and difficulties finalizing its merger. A filing reveals the company changed its mailing address and it could provide a hint of financial troubles.

Benzinga

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Businessweek

The SPAC King Folds, Ending the Blank-Check Frenzy

Chamath Palihapitiya pioneered a new way of raising money. Now he’s giving $1.6 billion back, and his preferred investment vehicle looks increasingly like a passing fad.

Benzinga

Trump-Linked SPAC's Investors Clamor For Better Deal As Time Runs Out: What It Means For DWAC And Truth Social

Digital World Acquisition Corporation (NASDAQ: DWAC), the SPAC that is set to merge with Donald Trump's company that owns the Truth Social platform, is reportedly facing pressure from investors amid its failure to complete the deal.

Benzinga

Chamath Palihapitiya Liquidating 2 SPACs: Are Dreams Of Creating The Next Berkshire Hathaway Over?

Known by many as the SPAC King, Chamath Palihapitiya was one of the biggest names associated with the growing number of blank check companies taking private companies public. When SPACs were hot with the market, Palihapitiya was loved by investors and companies.

Benzinga

Deadbeat SPAC: Donald Trump's Social Network Isn't Paying Its Bills. Is This The Final Setback?

A SPAC set to take former President Donald Trump’s new media company public could be facing another setback. Here’s the latest.

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news in one place.

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The Guardian - US

Is Truth Social another of Trump’s bungled businesses?

Dogged by an SEC investigation, the platform may be more of a campaign tool than a sound investment, analysts say

Benzinga

Hong Kong SPAC Market Wilts as Global Fever Ebbs

Key Takeaways: Only three Hong Kong SPACs have listed since the city launched a local program early this year, and all now trade below their listing prices U.S. SPACs have raised $12.5 billion so far this year, less than 10% of what they raised in 2021, as the global SPAC…

Investors Business Daily

Top Funds Investing More In This Stock Than AAPL Stock

Amid fears of inflation, the best mutual funds bet $1.9 billion on NDAQ stock, topping investments in Apple.

Businessweek

A Dubious Truck, a Whistleblower Army, and Inept Spies: Inside the Very Weird Nikola Saga

Trevor Milton looked like the next Elon Musk—and may end up the next Elizabeth Holmes. As the first of his several trials gets under way, the people who exposed him reveal how it all went down.

Benzinga

Donald Trump-Themed Alternative Investments To DWAC: 3 Stocks And 1 ETF To Watch

Trump Media & Technology Group going public via SPAC merger was one of the biggest stock storylines of 2021. The company may be staying private a bit longer, with the SPAC seeking to take the company public failing to reach an extension on the vote.

Benzinga

Trump-Linked Digital World Takes A Hit As Investors Grow Tired Of Merger Delays

Digital World Acquisition Corp (NASDAQ: DWAC) gapped down 21% to start the trading session Tuesday after a report indicated shareholders rejected a one-year deadline extension that the special purpose ac

Benzinga

5 Stocks That Could Soar As Short Squeeze Candidates: Faze Holdings, Blue Apron, Kirkland's And More

Potential short squeeze plays gained steam in 2021 and have continued through 2022 with new traders looking for the next huge move.

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