Plenty of stocks are rebounding this month as the market broadly rallies on signs that the age of rate hikes is ending, but DraftKings (NASDAQ:DKNG) is on an uncommonly sharp trajectory among recent de-SPACs. ...READ MORE
Public companies of all stripes tend to bury news ahead of holidays and SPACs are no different.
Four SPACs have announced their intent to liquidate since market close on Friday and three of these had previously agreed to business combinations. ...READ MORE
Bellevue Life Sciences (NASDAQ:BLAC) has entered into a definitive agreement to combine with Korean healthcare holding company OSR for undisclosed compensation.
Seoul-based OSR is a conglomerate of several biotech firms advancing drug candidates as well as a medical device distributor. ...READ MORE
A largely positive week is coming to end with a summit that appears to have brought an autumn chill to simmering tensions between the US and China. ...READ MORE
With the S&P 500 rolling into a two-month high on the back of positive inflation numbers, all hopes have to be for nothing too concerning coming out of a still-packed end of the week. ...READ MORE
US stock futures already told the story of a day of big upward movement once the consumer price index (CPI) came in this morning much lower than expected with just a +0.2% increase. ...READ MORE
Good morning! Watch this space moving forward as a roundup of evening filings as well as news nuggets to nibble on beside your morning coffee.
Digital World (NASDAQ:DWAC) is back in the news this week as it finally put out an updated S-4 for its long-running, lightning rod proposed combination with Trump Media and Technology Group (TMTG). ...READ MORE
Pyrophyte (NYSE:PHYT) has entered into a definitive agreement to combine with quartz producer Sio Silica at an enterprise value of $708 million or 4.1x its 2025E EBITDA.
The Calgary-based company is developing two quartz mining sites outside of Winnipeg, Canada with the aim to supplying premium resources to the worldwide tech industry. ...READ MORE
Good morning! Watch this space moving forward as a roundup of evening filings as well as news nuggets to nibble on beside your morning coffee.
Although SPAC deal announcements continue to slumber through the beginning of November, two definitive agreements with a minerals producer and an AI firm, plus a letter-of-intent (LOI) announcement this morning provide some pique as turkey day approaches. ...READ MORE
Good morning! Watch this space moving forward as a roundup of evening filings as well as news nuggets to nibble on beside your morning coffee.
After a Halloween massacre that saw four SPAC deals get terminated in about 24 hours, we presaged that the bloodletting of long-running deals might continue into November. ...READ MORE
In late October, California provided an update on the ambitious sustainability goals it had set for vehicles on its roads. Among them was a bar set that 6% of all heavy trucks sold in the state should be zero-emission vehicles (ZEV) by 2024. ...READ MORE
Good morning! Watch this space moving forward as a roundup of evening filings as well as news nuggets to nibble on beside your morning coffee.
The SPAC market has some increasing green shoots this week, with two new SPACs set to start trading today – AI Transportation (NASDAQ:AITR) and Agriculture & Natural Solutions (NASDAQ:ANSC). ...READ MORE
Good morning! Watch this space moving forward as a roundup of evening filings as well as news nuggets to nibble on beside your morning coffee.
Futures are flat on news that the Democrats were mostly victorious in yesterday’s local and state-level elections. ...READ MORE
Good morning! Watch this space moving forward as a roundup of evening filings as well as news nuggets to nibble on beside your morning coffee.
AST SpaceMobile (NASDAQ:ASTS) is set to provide a business update and preliminary third quarter financials a week from today on November 14, and it may be a call worth tuning into as the space business continues to shake out for better and worse. ...READ MORE
Worldwide Webb Acquisition Corp. (NASDAQ:WWAC) announced in an 8-K this morning that it has expanded forward-purchase agreement (FPA) and non-redemption financing that it added to its combination with Aeries Technology on Friday. ...READ MORE
Carbon Revolution (NASDAQ:CREV) began trading Friday following the close of its combination with Twin Ridge and immediately some unusual things started happening.
The stock closed at $29.32 following a short inaugural trading session and is currently up about 585% to $199 as of this writing. ...READ MORE
Good morning! Watch this space moving forward as a roundup of evening filings as well as news nuggets to nibble on beside your morning coffee.
The holidays are just around the corner, but there are already signs that a wide range of consumer companies are going to find coal in their stockings. ...READ MORE
Concord III (NYSE:CNDB) has entered into a definitive agreement to combine with fabless chipmaker GCT at an enterprise value of $461 million.
San Jose, California-based GCT manufactures 4G and 5G chips for telecom clients for uses in a variety of home internet, infrastructure and mobile phone applications. ...READ MORE
With what appears to be the impending bankruptcy of WeWork (NYSE:WE), it is beginning to feel like the end of an era, if not several eras.
Much of the focus has been the transition from WeWork’s eye-watering zenith at a $46 billion valuation and ambitions of irreversibly changing the world the way titans like Microsoft (NASDAQ:MSFT) or Google (NASDAQ:GOOG) did. ...READ MORE