Donald Trump’s beleaguered SPAC deal is finally going through, and just in time to pay nearly half a billion dollars owed over several legal actions — if the board agrees to let him sell. Let’s get all the acronyms out in the open. Digital World Acquisition Corporation (DWAC), a special purpose acquisition company (SPAC), has … Read more
The Webull logo is displayed on a smartphone screen. Rafael Henrique | SOPA Images | LightRocket | Getty Images Webull is planning to go public through merging with a special purpose acquisition company in a deal that values the digital investing platform at $7.3 billion. The New York-based online brokerage will combine with SK Growth … Read more
AirAsia airplanes are pictured on the tarmac at Kuala Lumpur International Airport in Sepang on January 8, 2024. Malaysian conglomerate Capital A intends to sell its budget carrier business to medium- to long-haul affiliate AirAsia X in a major consolidation of the country’s airline industry. Arif Kartono | Afp | Getty Images AirAsia is set … Read more
The eToro logo is seen during the 2021 Web Summit in Lisbon, Portugal. Pedro Fiúza | Nurphoto | Getty Images Stock brokerage platform eToro is getting interest from bankers and investors about a public market listing after its scrapped plans to go public via merger with a blank-check company, CEO Yoni Assia told CNBC. “We … Read more
The potential sale of MariaDB to K1 Investment Management for $37 million is a capstone on the failed era of SPAC mergers that gained prominence for a brief time in venture circles during the last startup boom. Remember SPACs? Special purpose acquisition companies, also known as blank-check companies, were used heavily in 2021 and 2022 … Read more
A live-streamer at a 17LIVE event. 17LIVE In a first for Singapore, shares of 17LIVE began trading Friday following the Asian livestreaming company’s merger with a special-purpose acquisition company. Shares of 17LIVE fell 2.06% to 3.80 Singapore dollars ($2.84) after opening at SG$4. This was Singapore’s first listing via a SPAC merger. SPACs, or blank-check firms, … Read more
Bymuratdeniz | E+ | Getty Images Asian fintech firm MoneyHero on Friday fell on its first day of trading on the Nasdaq, following the completion of its merger with special purpose acquisition company Bridgetown Holdings. Bridgetown Holdings Limited is backed by Thiel Capital – PayPal co-founder Peter Thiel’s venture capital firm – and Pacific Century Group, a … Read more
The U.S. Securities and Alternate Fee (SEC) mentioned it doesn’t intend to suggest an enforcement motion towards digital mortgage lender Higher.com. The pronouncement comes after an investigation on the a part of the SEC to find out if violations of federal securities legal guidelines had occurred. Final July, the SEC started wanting into whether or … Read more
Welcome again to The Station, your central hub for all previous, current and future technique of transferring folks and packages from Level A to Level B. Automakers have been combating software program growth for years now. However the stakes are greater than ever as a result of all of those corporations preserve touting the approaching … Read more