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#spac — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #spac, aggregated by home.social.

  1. Canadian start up Xanadu (founded in 2016) went IPO via SPAC (Mar 27) on the Nasdaq and TSX stock exchanges under the ticker symbol "XNDU".

    Xanadu is building photonics-based quantum computing systems and claims its approach can leverage existing modern chip manufacturing facilities and optical components like fibre optics. xanadu.ai/press/xanadu-becomes #Quantum #QuantumComputing #Xanadu #TSX #NASDAQ #IPO #Photonics #SPAC #Optics #FibreOptics

  2. Parataxis Merges With SPAC, Aims to Stack $640M in Bitcoin - TLDR:

    Parataxis merges with SilverBox IV SPAC, unlocking up to $640M to buy and yield Bi... - blockonomi.com/parataxis-merge #parataxis #bitcoin #crypto #prtx #spac #btc #sec

  3. Fold Inc Braces For IPO With $500 Million Valuation After SPAC Merger - Fold Inc, a company known for its Bitcoin rewards program, is reported on the verge of a ... - coingape.com/fold-inc-braces-f #24/7cryptocurrencynews #cryptofunding #fold #spac

  4. #FederalProsecutors secure #GuiltyVerdict in case of #Trumpworld #SPAC Board Member for alleged $22 million #InsiderTrading scheme . #HedgeFund racketeer #BruceGarelick found guilty of all five of the federal #conspiracy and #SecuritiesFraud charges against him for using his seat on the board of #DigitalWorld Acquisition Corporation to "betray trust" and ethical obligations and clue in others on upcoming profitable #merger with #DJT's #TruthSocial venture.

    Incidentally shares of #TrumpMedia traded up more than 10% to $54.45 as of 3:30 p.m yesterday bringing the stock to a high not seen since late March.

    law.com/dailybusinessreview/20 #CrimeNews #SEC #SDNY

  5. #Trump Media & Tech stock fell 18%, erasing hundreds of millions from its *market value* — & putting a dent in Trump’s majority stake, worth >$3B. Since a surge in its 1st days of trading as #TrumpMedia, which lifted the value of the co to ~$8B at one point, the company’s shares have dropped by >50%.

    Trump Media was expected to register the potential sale of new shares after the completion of its merger w/ #DWAC, a #ShellCompany known as a #SPAC.

  6. #Trump’s #SocialMedia company #TrumpMedia went public last week only after it had been kept afloat in 2022 by emergency #loans from a #trust managed by a #Russian-American businessman under scrutiny in a federal #InsiderTrading & #MoneyLaundering #criminal investigation.

    Trump stands to gain billions… from the merger between TrumpMedia & Tech & the blank-check co [#SPAC] #DWAC, which took the parent company of #TruthSocial public.

    #law #NationalSecurity
    theguardian.com/us-news/2024/a

  7. @zeitbot

    Jeder aufmerksame und fürsorgliche #Analyst wird #Anleger vor dieser #Trump-#Aktie warnen, da die Firmen dahinter Verluste einfahren, aber gibt es solche Analysten? Wird es vielleicht sogar eine goldene #Rentenaktie? ;-)

    #DJTStock #SPAC #Fake #Fraud #Finanzen #Finanzblase

  8. …Rejected by #banks & #lenders over the #Jan6, 2021, #insurrection & his long history of &bankruptcies & #business #failures, #Trump had approved the merger of his company w/a #SPAC as a way to raise money in the months after he lost the WH. Often called “blank check” firms, SPACs promise access to public stock investors w/fewer #FinancialDisclosures than a traditional corporate listing requires.

    #criminal #law #SEC #FederalSecurities

  9. But the #SEC, which requires a #SPAC to meet #disclosure requirements & other closing conditions before permitting a #merger, said in July that it had investigated #DigitalWorld & found it had made “material #misrepresentations” to #investors.
    
In filings dating back to its Sept 2021 #IPO, Digital World execs said they had not participated in merger discussions w/any companies when in fact they’d started speaking w/#Trump Media months earlier, in violation of federal anti-#fraud guidelines….

  10. Anatomy of a SPAC: Inside Better.com’s ambitious plans - When executives at online mortgage company Better.com decided to take their compan... - feedproxy.google.com/~r/Techcr #ecrealestateandproptech #bettermortgage #realestate #better.com #ecfintech #mortgages #finance #housing #spac #tc

  11. ironSource is going public via a SPAC and its numbers are pretty good - Israel’s ironSource, an app-monetization startup, is going public via a SPAC.
    But before you tune ou... - feedproxy.google.com/~r/Techcr #ecenterpriseapplications #ecconsumerapplications #venturecapital #ecnewsletter #theexchange #ironsource #payments #startups #social #israel #etoro #apps #saas #spac #tc

  12. Equity Monday: More venture money for Europe, and public companies blast off - Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the ... - feedproxy.google.com/~r/Techcr #fundings&exits #equitypodcast #startups #axonius #equity #klarna #skydio #space #spac

  13. Joby Aviation takes flight into the public markets via a SPAC merger - Joby Aviation, a startup that has spent a more than a decade developing an all-electric, vertical ta... - feedproxy.google.com/~r/Techcr #urbanairmobility #jobyaviation #airmobility #airtaxi #evtol #spac #tc