SPAC

An electric vehicle company premiered its first ever SUV on Tuesday morning. Here are the details. What Happened: Swedish electric vehicle company Polestar announced that the premiere of the Polestar 3 SUV will happen in October 2022. The Polestar 3 is the company’s first SUV and comes as the...

A U.S. Senator is stepping up the pressure on SPACs as an investment vehicle to take companies public. Here’s what the SPAC Accountability Act of 2022 is all about. What Happened: A new bill called SPAC Accountability Act of 2022 is being proposed by Democratic Senator Elizabeth Warren. A...

Potential short squeeze plays gained steam in 2021, with new retail traders looking for the next huge move. A short squeeze can occur when a heavily shorted stock rises in value instead of falling. Short sellers could be looking to close out their position and can face a loss if they have to buy...

eToro is targeting a $1 billion funding round. The development comes as the social trading and investment network looks to circumvent its stalled attempt to go public. The firm was looking to list via a merger with blank-check company FinTech Acquisition Corporation V (NASDAQ: FTCV). Why Is This...

Potential short squeeze plays gained steam in 2021, with new retail traders looking for the next huge move. A short squeeze can occur when a heavily shorted stock rises in value instead of falling. Short sellers could be looking to close out their position and can face a loss if they have to buy...

Stablecoins have dominated the headlines in the world of cryptocurrency this week with the crash of several coins. The downward moves and negative connotations building for stablecoins could spell trouble for a SPAC deal that involves a leading stablecoin company. What Happened: A SPAC deal ...

Digital media company BuzzFeed (NASDAQ: BZFD) reported first quarter financial results after market close Monday. Here are the key highlights for investors. What Happened: BuzzFeed generated revenue of $92 million in the first quarter, up 26% year-over-year. The total came in shy of a consensus...

Seven months after announcing a SPAC merger, a social media company owned by former President Donald Trump has filed its proxy. Here are the key details from the more than 250 pages contained in the proxy filing. 1. New Name: If the merger between Trump Media & Technology Group and Digital...

Shares of a SPAC are trading significantly higher Friday after a large portion were redeemed as part of the SPAC process. What Happened: OTR Acquisition Corp (NASDAQ: OTRA) completed Thursday its merger vote with Comera Life Sciences. A total of 10.3 million shares, representing 98.4% of all...

3D printing company Desktop Metal Inc (NYSE: DM) went public via a special purpose acquisition company near the end of 2020. Desktop Metal shares have largely underperformed the market over the last year, but the stock bounced off the lows this month following strong top-line results and...

Potential short squeeze plays gained steam in 2021, with new retail traders looking for the next huge move. A short squeeze can occur when a heavily shorted stock rises in value instead of falling. Short sellers could be looking to close out their position and can face a loss if they have to buy...

One of the biggest stories in the stock world so far in 2022 is the announcement of the acquisition of the social media platform Twitter Inc (NYSE: TWTR) by Tesla Inc (NASDAQ: TSLA) CEO Elon Musk. Did former President Donald Trump play a hand in Musk’s decision? What Happened: Musk...

Motorcycle fans looking for an electric vehicle option could be in luck soon with leader Harley-Davidson Inc (NYSE: HOG) set to unveil a new electric motorcycle next week. What Happened: An electric motorcycle from LiveWire, a unit of Harley-Davidson, is set to be unveiled on May 10, according...

Anytime a company or sector has a trillion-dollar market opportunity, it causes some excitement for investors. That’s what happened Thursday with a new analyst note on a company that went public via SPAC merger in 2021. The Archer Aviation Analyst: JPMorgan analyst Bill Peterson initiated...

A noted short seller has taken a short position in one of the most notable SPAC deals that involves a former U.S. president. What Happened: Kerrisdale Capital issued a short report on Digital World Acquisition Corp (NASDAQ: DWAC) Wednesday. Digital World Acquisition Corp announced a SPAC...