Browsing Tag
SPAC
Star founder Byju Raveendran broke down in tears as crises engulfed Byju’s
In late April, Indian officials in plainclothes raided the Bengaluru offices of Byju’s, seizing laptops and publicly linking the world’s most valuable education-technology startup with possible foreign exchange violations.An ocean away,…
Trump-linked SPAC surges as fraud settlement lifts hopes for deal completion
Shares of Digital World Acquisition (DWAC) surged 20 per cent in premarket trading on Friday (Jul 21) as a settlement with US securities regulator over fraud charges cleared some of the uncertainty over the blank-check firm's merger with…
SPAC Tied to Trump’s Media Company Will Pay $18 Million to Regulators
The Securities and Exchange Commission said on Thursday that it had reached a settlement with the cash-rich shell company that planned to merge with former President Donald J. Trump’s social media company, potentially paving the way for the…
SPAC Tied to Trump’s Media Business Says It Has a Deal With Regulators
The cash-rich special purpose acquisition company that has a pending deal with former President Donald J. Trump’s media business announced on Monday that it had reached a tentative settlement with securities regulators over an investigation…
London-listed SPAC New Energy One in talks about Eni North Sea merger
A London-listed vehicle advised by Amber Rudd, the former home secretary, is in talks to merge with a portfolio of carbon capture and storage (CCS) projects part-owned by Eni, the Italian energy giant.Sky News has learnt that…
Brookfield investing $1 billion in Avaada
Canadian investor Brookfield has agreed to invest $1 billion in Avaada Ventures in what will be its largest clean energy bet in the country. A formal agreement was signed recently between Brookfield and serial entrepreneur Vineet Mittal,…
Richard Branson’s brainchild Virgin Orbit lays off 85% of its workforce
Rocket maker Virgin Orbit Holdings, a subsidiary of Richard Branson’s Virgin Group, will lay off 85% of its workforce, according to an SEC filing. The layoffs will affect 675 employees of the space company, according to the filing. The…
BuzzFeed soars on reports of Meta deal, plans to use OpenAI
Shares of BuzzFeed Inc jumped on Thursday on reports of a deal with Meta Platforms Inc and plans to use artificial intelligence to personalize and enhance the digital media firm's online quizzes and content.The stock was 19% higher in…
London-listed SPAC targets merger with chronic disease drug developer Istesso
The first "blank cheque" company to list in London after an overhaul aimed at helping the City compete with rival financial centres is in talks to merge with a privately owned drugs group developing treatments for chronic…