To prevent them from influencing investors, companies going public through I.P.O.s are largely barred from making projections. But SPACs have no such restrictions because the Securities and Exchange Commission treats […]
Special Purpose Acquisition Companies (SPAC)
Trending topics and news from the Special Purpose Acquisition Companies (SPAC) category
Back to news homeWord of Trump Media Deal Is Said to Have Leaked Months in Advance
Months before former President Donald J. Trump’s social media company unveiled an agreement to raise hundreds of millions of dollars last fall, word of the deal leaked to an obscure […]
Why SPACS Are Flailing as Market Conditions Shift
Matt Higgins, a former judge on the reality TV show “Shark Tank,” is an experienced investor whose firm, RSE Ventures, helps young companies build their businesses.So it was no surprise […]
Trump Deal Faced Widespread Investor Doubt Before Raising $1 Billion
Regulators opened the inquiry after The New York Times reported that the chief executive of Digital World, Patrick Orlando, had talks with representatives of Trump Media as far back as […]
Trump’s Media Company Investigated Over SPAC Deal
That month, a small investment bank, Kingswood Capital Markets, which has frequently teamed up with ARC, made a presentation to Benessere’s board members. Marked “strictly private and confidential,” the presentation, […]
Trump’s $300 Million SPAC Deal May Have Skirted Securities Laws
Mr. Trump initially expected to announce his new social media company in August, according to a person briefed on the timing. But the plans were delayed after Mr. Trump’s son, […]
Biden’s Electric Car Plans Hinge on Having Enough Chargers
For years, start-ups, automakers and other companies have been slowly building chargers, mainly in California and other coastal states where most electric cars are sold. These businesses use different strategies […]
A Skeptical Stock Analyst Wins Big by Seeking Out Frauds
Last month, federal authorities charged the founder of the electric vehicle manufacturer Nikola, which had gone public in the summer of 2020, with defrauding investors. They were led there partly […]
BuzzFeed Is Going Public. Now What for Vox Media, Group Nine and Vice?
“For us, it’s a question of ambition and opportunity, and we are ambitious,” said Jim Bankoff, Vox Media’s chief executive. “We are going to evaluate our options, but we’re going […]
Behind the Lordstown Debacle, the Hand of a Wall Street Dealmaker
Goldman, which was working with Mr. Hamamoto and arranged $500 million in additional financing for the acquisition, ran only a standard background check on Mr. Burns — a public-records search […]