Podcast Bonus Episode: What’s Driving SPACs Offshore?
Between the various recent cases in the Delaware courts, such as Boxed, which involved the different SPAC voting classes, or the Multiplan case, or Arrival, all of which are in addition to the 1% excise tax on share buybacks, there has been a noticeable trend of SPACs moving to off-shore domiciles. ...READ MORE
Podcast: Greg Moran, Co-Founder and CEO of Zoomcar
Fighting for digital services market share in developed markets can be uphill sledding, but what if what you are offering has no legacy competitor to replace?
This week, we speak with Greg Moran, Co-Founder and CEO of Zoomcar. Zoomcar ...READ MORE
Podcast: Tim Sheehy, Founder and CEO of Bridger Aerospace
For better or worse, fighting fires is big business. This week, we speak with Tim Sheehy, Founder and CEO of Bridger Aerospace (NASDAQ:BAER).
Bridger operates a fleet of firefighting airplanes and support vehicles in the Western United States and it closed a combination with Jack Creek Investment Corporation on January 25th. ...READ MORE
Continental on SPAC Trust Accounts
In light of the recent failure of Silicon Valley Bank and Signature Bank, there have been some inquiries as to where SPAC trusts are held. Continental Stock Transfer & Trust had already confirmed that Silicon Valley Bank was not one of their approved asset managers and therefore none of the SPACs that used Continental as a Trustee would be in danger of having their funds held there. ...READ MORE
Podcast: Zapp Founder & CEO Swin Chatsuwan and CIIG II Co-Ceo Gavin Cuneo
Whether you’re bullish on the North American EV car boom or not, there are exciting things happening on two wheels in Europe and Asia.
This week, we speak with Swin Chatsuwan, Founder and CEO of Zapp. ...READ MORE
Podcast: Complete Solaria CEO Will Anderson and Freedom I CEO Adam Gishen
Visions of a self-sufficient energy future with solar panels on every household roof have been around for decades. But, it may take companies able to bring the full package of design, construction and financing to get more homeowners on board. ...READ MORE
Podcast: Newsight Imaging Co-Founder, CEO & Chairman, Eli Assoolin
The chip shortage has been a serious headwind to many tech companies, but what has it been like for the chip makers themselves?
This week we speak with Eli Assoolin, Co-founder CEO and Chairman of Newsight Imaging. ...READ MORE
Anzu Special Acquisition Corp. I (ANZU) Engages Insurance Agent to Cover 1% Excise Tax
In the ongoing 1% excise tax battle, Anzu Special Acquisition Corp I (Nasdaq: ANZU) dropped a supplement to its extension vote proxy this morning. Anzu is holding its previously adjourned extension vote at 9:30AM (ET) today to extend its completion deadline six months from March 4, 2023 up to September 4, 2023. ...READ MORE
Distoken Acquisition Corp (DISTU) Prices $60M IPO
Distoken Acquisition Corporation. priced its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “DISTU” Wednesday, February 15, 2023.
The new SPAC intends to focus on opportunities in the technology industry that have their primary operations located in Asia. ...READ MORE
Podcast: Wejo’s CEO Richard Barlow and TKB Critical Technologies 1 Co-CEO & CFO Angela Blatteis
Why stop at one SPAC deal when you can do two SPAC deals? This week we speak with Wejo (NASDAQ:WEJO) CEO Richard Barlow.
Wejo announced a business combination with TKB Critical Technologies 1 (NASDAQ:USCT) in January, about 15 months after it closed an earlier combination with Virtuoso Acquisition Corp. ...READ MORE
Investors and Sponsors Still Facing Off Regarding Excise Tax
Just when you think the excise-tax issue might be getting close to being resolved… and then a new log gets thrown onto the fire.
In the ongoing discussion of the 1% excise tax issue, there seemed to be some consensus being built among investors and teams that it was verboten to ask investors to pay for it. ...READ MORE
SPACs Reducing Redemption Values Due to Excise Tax Are in the Crosshairs
The grumblings are getting louder…
The 1% excise tax on share buybacks is still causing ripple effects throughout the SPAC ecosystem. It’s a game of whack-a-mole where the issue never goes away, or like a SPAC virus that keeps spawning variants. ...READ MORE
