We didn’t think we’d see the day. Digital mortgage lender Better.com’s proposal to combine with Aurora Acquisition Corp. via a SPAC (special purpose acquisition) has been approved by shareholders, the […]
SPAC
Trending topics and news from the SPAC category
Back to news homeArrival is running out of cash — and fast
The high-cost of trying to develop and produce vehicles, a business pivot and three restructurings has taken a toll on commercial EV maker Arrival. And it doesn’t look like it’s going […]
Intuitive Machines’ post-SPAC war chest depleted by shareholder redemptions
Lunar technology company Intuitive Machines received far less cash from its merger with a special purpose acquisition company (SPAC) than it forecasted, according to filings with the U.S. Securities and […]
Stratospheric balloon company World View to go public in $350M SPAC deal
World View, a company developing stratospheric balloons for Earth observation and tourism, is heading to the public markets. The company announced Friday that it would merge with special purpose acquisition […]
HyperloopTT’s SPAC public debut may be going nowhere fast
Hyperloop Transportation Technologies (HyperloopTT) has entered into a definitive merger agreement with special purpose acquisition company (SPAC) Forest Road Acquisition Corp. II, which is led by former Disney executives Tom […]
In leaked memo, Aurora CEO weighs spinouts, layoffs and acquisitions against sale to big tech
The chief executive of autonomous vehicle developer Aurora Innovation presented a swath of cost-cutting and cash-generating options to its board, ranging from a hiring freeze and spinning out assets to […]
Nikola, Lucid latest EV SPACs trying to raise cash
Two EV manufacturers are seeking cash infusions this week to bring their delayed vehicles to market. Nikola, a Phoenix-based electric truck maker, said in a securities filing Tuesday that it […]
Is there no bottom to the SPAC mess?
For a brief moment earlier in the ongoing pandemic, it appeared that there was a solution for the backlog of richly priced startups that needed to provide their backers with […]
Bird gets a warning from the NYSE because its stock price is too low
Scooter and micromobility company Bird has to fly at a slightly higher altitude — at least if it wants to keep its New York Stock Exchange (NYSE) listing. The company […]
The death knell for SPACs?
It was a tough day for special purpose acquisition companies, or SPACs, which had already fallen out of favor after roughly 18 months in the limelight. First, Senator Elizabeth Warren […]