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REVEALED: 6 | Rare Historical Photos

SEC announces settlement with merger partner of Trump’s Truth Social app

The SEC had already announced a $18m settlement

The Independent UK

Donald Trump Faces Potential Third Indictment In Connection With Capitol Riot‌s In 2021

Trials could impact Trump's availability for presidential debates and on the campaign trail for the 2024 election.‌

Zenger

Rivian or Lucid Motors: Which is the Better EV Stock to Buy In 2023?

While the electric vehicle bubble of 2020-2021 has burst and many electric vehicle (EV) companies are fighting for survival, Rivian, and Lucid Motors are among the most well-funded EV names. Which of these is a better EV stock to buy now?

Barchart

From analysis to the latest developments in health,
read the most diverse news in one place.

Truth Social’s latest hurdle to going public: An insider trading scandal

The Trump SPAC’s insider trading scandal will make it even more unlikely the deal gets done.

Fortune

Trump news - live: DOJ prepares to hit Trump with new charges as Mike Roman cooperates in 2020 election probe

All the latest developments from the 2024 campaign trail as the former president’s legal troubles build

The Independent UK

Trump Media investors charged in $22m insider trading case

Federal indictment unsealed in Manhattan federal court

The Independent UK

3 Top 100 Stocks To Buy I Could Get on Board With

Two of the three top 100 stocks to buy I could get behind are construction-related. The third is a beautiful long-term hold that ought to continue to grab a larger share of the beauty industry.

Barchart

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Hippo Holdings has SPAC remorse 2 years after the deal that saw the firm valued at $5 billion

A downturn that’s included SPACs and insurtechs has Hippo Holdings wishing it had chosen a different route to go public.

Fortune

Vivek Ramaswamy is threatening GOP heavyweights in the polls–but his business record doesn't live up to the hype

Yale's Sonnenfeld and Tian retrace presidential hopeful Vivek Ramaswamy's business record.

Fortune

Is Digital World Acquisition (DWAC) a Winner?

Shares of special purpose acquisition company Digital World (DWAC) have plummeted more than 70% over the past year. The stock has been on a downtrend since news of the merger with Donald Trump’s media company broke in 2021, with federal investigations delaying the deal’s closing. So, following Trump’s recent indictment,…

StockNews.com

Why is VinFast going public via a SPAC instead of a traditional public offering?

VinFast, the high-spending Vietnamese automaker with bold plans in North Carolina, has for months sought a path to the stock market. It’s now poised to take an alternative route to get there.

Tribune News Service

VinFast Expects Sales Surge, Sees Opportunity To Break Even

VinFast recently said it will hit the US stock market via a SPAC that will close this year. This is the first guidance the company has provided since then.

InsideEVs

Return of the SPAC? Sir Martin Franklin raises $550m war chest with London IPO

SPACs surged in popularity in 2020 and 2021, but have been a rarity since

Evening Standard

Here’s Why You Should Stay Away From Lordstown Motors (RIDE)

Once attracting intense interest for its commercial EV ambitions, the lights may go out on Lordstown Motors as RIDE stock crumbles badly.

Barchart

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The Guardian - UK

First Spac set up under new UK rules to close after failing to find merger target

Hambro Perks Acquisition Company blames ‘challenging circumstances’ for stock market listings

Newslaundry

‘Is Jonah Peretti axing himself too?’: Grief and anger among journalists as Buzzfeed News shuts down

Buzzfeed News is shutting down, and journalists took to social media last night to mourn its loss.

Fortune

Canoo Chief Design Officer Richard Kim departs company

Richard Kim—who was behind Canoo’s sleek, futuristic award-winning design—helped propel the EV company to its initial notoriety.

Fortune

SPAC king Chamath Palihapitiya: end of ZIRP era spells doom for unprofitable startups

The billionaire venture capitalist has a harsh message for unprofitable startups: 'the mathematical truth of high interest rates is that it renders your company valueless.’

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Fortune

Musk’s SpaceX has once less competitor as Virgin Orbit files for bankruptcy

The startup founded by the Brit will not attempt to reorganize under protection from creditors but instead will pursue an outright sale.

Axios

How a dead pro basketball league is electrifying truck stops

The USBL shut down in 2008. But its stock never stopped trading.

Caixin Global

Crypto Mining Platform Bitdeer Moves Step Closer to Nasdaq SPAC Listing

The deal, already delayed three times, would give the company an implied equity value of around $1.18 billion

Evening Standard

SPACs are back as British biotech firm Zura launches UK’s first Nasdaq listing in 2023

There are signs the SPAC could be making a comeback as a British biotech company will today use the unusual vehicle to become the first UK firm to list on the Nasdaq exchange in 2023.

RideApart

XTurismo Flying-Motorcycle Maker’s Value Plummets After SPAC Merger

Flying-motorcycle maker A.L.I. Technologies merges with special purpose acquisition company (SPAC) Pono Capital to create Aerwins Technology Inc (AWIN).

InsideEVs

Lotus Set To Go Public Via SPAC At $5.4 Billion Valuation

Lotus is set to go public under the ticker 'LOT'. The brand will be valued at $5.7 billion - a similar amount to Mazda.

Fortune

A battle may be shaping up between the two richest men in the world over who controls the luxury electric car market

The English sports car brand Lotus plans to float its shares on the Nasdaq stock market in the latter half of this year through a reverse merger with a SPAC firm backed by Bernard Arnault.

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