The initial sale of stock is the SPAC raise, or SPAC IPO, and the money is held in a trust account until a merger partner is found. The SPAC then identifies and negotiates a business combination with a private company, swapping the cash it raised via its initial public offering (IPO) ...
While AAPL is slowly grinding upward in price, gaining more than 5% in less than three weeks of trading, SPCE was hitting new highs on an almost hourly basis, with shallow pullbacks and huge rallies. During this period, the buyers in SPCE were willing to pay just about any price to have...
Finally, there’s the whole Nikola debacle. After being called a fraud, the company isunder the microscope. The SEC is investigating it, the stock is getting hit, and despite the recent good news on a partnership withGeneral Motors(NYSE:GM), GM is seemingly second-guessing the company it...
Most SPAC units trade at a premium to NAV once the SPAC is listed on the exchanges. SPACs with good management teams are bid up on day one for over $11 a unit. If the SPAC can’t find a suitable target and decides to liquidate the trust, it will pay the unitholders at the SPAC’...
Space tourism is niche, so why are companies betting on it? Blue Origin announced in April that it planned to begin selling tickets for future rides on New Shepard. But months later — despite the company saying members of the recent public auction have made purchases, with Daemen the firs...