After weeks of spiking share prices for a blank-check company rumored to be targeting the acquisition of electric-vehicle company Lucid Motors, the two parties officially announced a deal Monday afternoon, and the stock sank sharply.
David Crane is back, with a climate-tech SPAC
One of the hottest 2020 trends in raising capital is infiltrating climate-tech investing. As of mid-September, the stock market had welcomed at least 82 initial public offerings this year by special purpose acquisition companies (SPACs) — organizations that collectively raised more than $31 billion. Last week, former NRG Energy CEO David Crane joined the frenzy.
EV developer Canoo to go public via reverse merger with ‘blank check’ company Hennessy Capital Acquisition
Special purpose acquisition, or “blank check” company, Hennessy Capital Acquisition Corp. has jumped on the electric vehicle bandwagon, as it…
CEO who made one of Silicon Valley’s worst acquisitions wants in on record-breaking blank-check boom
Just when you think you have seen it all in the arena of blank check companies, a mind-boggling offering was…