B Capital joins global SPAC frenzy with $300m Nasdaq IPO filing
Photo: B Capital
February 22, 2021
Singapore- and US-based B Capital is looking to raise up to $300 million on the Nasdaq for its latest special purpose acquisition company (SPAC), according to a filing with the US Securities Exchange Commission (SEC) on Feb. 19.
B Capital Technology Opportunities will be based in New York and plans to raise the $300 million by offering 30 million units at $10 per unit. Each unit will comprise one share of common stock and one-third of a warrant, exercisable at $11.50, according to the SEC filing.
As such, the proposed deal size will give B Capital Technology Opportunities a market value of $375 million.
The Threat From China is Real. Will Biden Rise to the Challenge?
After his recent 2-hour Lunar New Year phone call with Chinese President Xi Jinping, U.S. President Joe Biden said that China may “eat our lunch.” His statement contradicts his May, 1, 2019 downplaying of the increasing Chinese threat in which Biden said: “China is going to eat our lunch? Come on, man…I mean, you know, they’re not bad folks, folks. But guess what? They’re not competition for us.”
Already off to a slow start in the face of multiple foreign policy challenges, with noteworthy skepticism about his longstanding record in foreign affairs, and concerning questions about his own family’s business ties to China, Mr. Biden would do well to reverse his long record of appeasement of China to pursue a much firmer approach to the serious strategic challenges that China presents to the moral, military, and material interests of the United States and our allies.
On December 7, 2020, the Brazilian Securities and Exchange
Commission (
CVM) launched a consultation on
proposed amendments to Normative Ruling 480/2009 aimed at, inter
alia, increasing transparency by improving the quality of
information disclosed by publicly-held companies on ESG
aspects.
Following the global trend of enhancing and simplifying
disclosures-similar to what the US Securities Exchange Commission
(
SEC) has recently done with Regulation
S-K-CVM s main goal is to reduce compliance costs while also
responding to investors increasing demand for better ESG data. In this
Blog Post, we highlight the main ESG-related amendments proposed by
CVM in this new consultation paper.
Even though many companies follow international standards to
Did you know a portion of your electric bill goes to help keep New Jersey s three nuclear power plants afloat?
Residential customers throughout New Jersey now dish out, through their electric bills, around $30 to $40 a year, depending on how much electricity they use. Large industrial users can pay hundreds of thousands of dollars a year.
Now Newark-based Public Service Enterprise Group, the largest owner of the three nuclear reactors, has asked the New Jersey Board of Public Utilities to extend the subsidies another three years. A decision is expected in April.
The plants are not profitable, says PSEG Power, the utility s subsidiary that operates its power plants.