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Page 3 - கையகப்படுத்தல் ஹோல்டிங்ஸ் இன்க் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

All Eyes on SPACs and Congress, RIDE Plummets After Hours

All Eyes on SPACs and Congress, RIDE Plummets After Hours No new SPAC mergers, IPOs or S-1s on Monday as equity markets rose, though SPACs generally stayed flat-ish to down. Lordstown Motors is falling big after hours. Author: On a day that there were no new SPAC merger announcements, IPOs or new S-1s there was, however, a hearing in the House targeting the future of SPACs. In short, it could result in new legislation that takes away one of SPAC s perceived advantages over the traditional IPO: safe harbor protections for forward looking statements which could limit SPAC targets freedom to paint rosy financial projections to prospective investors. 

SPAC Morning: PTK and Legato Strike Deals Lordstown Continues Dive

SPAC Morning: PTK and Legato Strike Deals. Lordstown Continues Dive Two SPAC deals and an IPO to kick off Tuesday. Lordstown Motors continues to fall. Author: PTK Acquisition Corp (PTK) is merging with Valens Semiconductor in a deal valued at $894M, supported by a $125M PIPE Legato Merger Corp (LEGO) struck a deal with Algoma Steel valued at $1.7B EV and supported by a $100M PIPE  In Other SPAC News: Lordstown Motors (RIDE) continues to trade demonstrably lower following its earnings call yesterday in which the company slashed production expectations and noted a need for a capital raise.  Fifth Wall Acquisition III (FWAC) priced its $250M IPO, no warrants. The SPAC will be targeting Real Estate / PropTech.

Fifth Wall Plans Proptech SPAC | Wealth Management

VC Firm Fifth Wall Plans Property Technology-Focused SPAC The firm selected underwriters for a blank-check company that will seek out a target in the proptech sector. Bloomberg | Jan 06, 2021 (Bloomberg) Fifth Wall, a Los Angeles-based venture firm, is planning to raise capital through a special purpose acquisition company, a sign that the momentum behind a vehicle that became mainstream in 2020 has continued into the new year. The firm, founded by Brad Greiwe and Brendan Wallace, selected underwriters for a blank-check company that’s set to seek out a target in the property-technology sector, said people with knowledge of the matter. A listing could occur as soon as the current quarter, one of the people said.

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