Harley-Davidson’s electric bike division is going public through merging with a special acquisition company (SPAC) in a deal valued at approximately $1.77 billion, the iconic global motorcycle brand announced on Monday. The transaction will net the division, Livewire, which has been operating independently since 2019, with proceeds of around $545 million that the company plans…
7 Details We Learned From the Donald Trump SPAC: PIPE, SEC, User Forecasts and Revenue Projections
A SPAC announced plans to take Donald Trump’s new social media platform and media platform public. At the time of the announcement, the presentation did not offer up financial or user projections. New details have emerged Monday with an 8-K filing. 1. PIPE Details One of the mysteries of the SPAC deal announced between Digital…
Rumble SPAC Partner CF Acquisition Shares Spike on Trump Partnership: What Investors Should Know
Video platform Rumble announced a SPAC deal last week. The CEO confirmed Friday a partnership with a SPAC linked to former President Donald Trump. What Happened Rumble has increased its monthly active users from 1.6 million to 30 million in a one-year time period. That point was highlighted by Cantor Fitzgerald and CF Acquisition Corp…
Worldwide IPOs Set New Record With $600 Billion Valuations
Global initial public offerings had the best year on record in 2021, especially those in the United States, with an abundance of liquidity and favorable monetary policies that have resulted in high company valuations and a special purpose acquisition (SPAC) boom. About 2,850 businesses and SPAC companies have raised more than $600 billion in IPOs…
Nextdoor Goes Public via SPAC Merger; Begins Trading Today
The neighborhood network Nextdoor Inc. began trading from Nov. 8 following its special purpose acquisition company (SPAC) merger with Khosla Ventures Acquisition Co. II (KVSB). The combined entity began trading on the NYSE under the symbol “KIND.” Khosla valued Nextdoor at $4.3 billion, the Wall Street Journal reports. Nextdoor connects neighbors to nearby neighbors, businesses,…
Trading in Trump Social Media Stock Surges 200 Percent, Is Halted Several Times
Shares of former President Donald Trump’s Digital World Acquisition Corp., a blank-check firm that is taking his proposed social media platform public, spiked on Friday after a huge rally the day before. Trading in Digital World Acquisition Corp. (DWAC) was halted on Friday due to volatility several times during Friday morning trading after it skyrocketed 216 percent…
Trump’s Social Media Deal Ignites 350 percent Gain in SPAC’s Shares
Former President Donald Trump’s deal to create a social media app after Twitter Inc. and Facebook Inc. barred him won an exuberant endorsement from investors, with shares in a shell company backing the plan closing up more than 350 percent on Thursday after rising more than 400 percent earlier in the day. Trump Media and…
NTD Business Full Broadcast (May 24)
Gold at a 4-month high. Are investors more worried about inflation? And what powers does the Fed have to fight it? Blank check companies, also known as special purpose acquisition companies (SPACs), beat an all-time IPO record. Global SPAC proceeds this year are already over 20 percent higher than all of last year. So why are…
Global Firms Raise $546 Billion in January as SPAC Frenzy Continues
February 9, 2021
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Companies raised $546 billion from new bond and share issues in January, as a flood of central bank money-printing and recovering stock markets brought record numbers of new listings, special-purpose acquisition company (SPAC) deals, and share sales, Refinitiv data showed on Feb. 3. The numbers included $106.15 billion in initial public offerings (IPOs), SPACs, and…
Ex-Trump Cabinet Member Wilbur Ross Files to Form $345 Million ‘Blank-Check’ Company
Former Trump administration cabinet member Wilbur Ross filed with the Securities and Exchange Commission (SEC) to form a $345 million special purpose acquisition company (SPAC). Ross, who served as former President Donald Trump’s secretary of Commerce, filed to form the Ross Acquisition Corp II and is seeking to raise $345 million, the filing revealed. Former…
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