SPACs

Shares of Digital World Acquisition Corp. (NASDAQ: DWAC) are tumbling in premarket trading on Tuesday. Shareholders have rejected the special purpose acquisition company’s proposal to extend by a year the deadline for its merger with former President Donald Trump’s Trump Media...

Donald Trump’s voice won't be reaching many Americans, with his new social media platform facing a roadblock from Android. What Happened: The Google Play Store, which is owned by Alphabet Inc (NASDAQ: GOOG)(NASDAQ: GOOGL), has not approved the Truth Social app for distribution, according...

Potential short squeeze plays gained steam in 2021 and continued through 2022 with new 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...

Chamath Palihapitiya was one of the biggest names in the SPAC market in 2021 and when times were good for new companies going public, Palihapitiya had some of the best-performing deals of that year. The year 2022 has not been as kind to Palihapitiya with re-valuations on many of the companies that...

One of the best-performing stocks of 2021 was a SPAC merger between former President Donald Trump’s media company and the parent company of his social media platform, Truth Social. In 2022, however, the scenario has changed. Shares have fallen and could see further downside based on an...

Social media platform Truth Social is one of the few places left for former President Donald Trump to share his thoughts and opinions. Here’s a look at how the company could soon be expanding its reach. What Happened: The social media platform Truth Social announced Wednesday it is now...

A leading Web3 company is going public via SPAC merger. Here are the details on the merger between W3BCLOUD and Social Leverage Acquisition Corp I. The SPAC Deal: Social Leverage Corp I (NYSE: SLAC) announced it is acquiring W3BCLOUD, a leading storage and infrastructure provider for the Web3...

Clean energy transportation company Nikola Corp. (NASDAQ: NKLA) announced the purchase of a battery company that could help bring its production in-house. What Happened: Nikola is acquiring Romeo Power (NYSE: RMO), a battery company that announced it was going public via SPAC merger back in October...

Callaway Capital-led special purpose acquisition company (SPAC) Galata Acquisition Corp (NYSE: GLTA) agreed to combine with Marti Technologies Inc, Turkey's leading mobility app. Marti's founder and CEO will helm the new company named Marti Technologies Inc. Marti...

A leading gaming, lifestyle and media brand is hitting the public market Wednesday after completing a SPAC merger. Here’s what investors should know about FaZe Clan and its public listing. What Happened: A SPAC merger announced between FaZe Clan (NASDAQ: FAZE) and B. Riley Principal 150...

A SPAC taking Donald Trump’s media company public spiked after hours Friday. Here’s why. What Happened: Shares of Digital World Acquisition Corp (NASDAQ: DWAC) were trading higher Friday after market close. The move comes after it was reported that Tesla Inc (NASDAQ: TSLA) CEO Elon Musk...

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...

Crypto companies confront yet another challenge on top of the ones they already face. This time, the industry has been stuck in a lengthy back-and-forth with U.S. regulators since last year's boom, writes Bloomberg. Related: Could Terra's Stablecoin Struggles Affect The Circle...

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...