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Page 62 - சிறப்பு நோக்கம் கையகப்படுத்தல் நிறுவனம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Markforged to Go Public in $2 1 Billion Blank-Check Deal

(Bloomberg) 3D printer-maker Markforged Inc. has agreed to go public through a merger with a blank-check company started by Eventbrite Inc. co-founder Kevin Hartz.The deal with Hartz’s special purpose acquisition company, One, values the combined equity at $2.1 billion, the companies said in a statement.Kevin Hartz’s, One’s chief executive officer, said in an interview that his SPAC looked at 200 companies before choosing Markforged.To support the transaction, the SPAC will raise $210 million from investors including Baron Capital Group, BlackRock Inc., Miller Value Partners, Wasatch Global Investors and Wellington Management. Microsoft Corp.’s Venture Fund and Porsche Automobil Holding SE will also participate in the private investment in public equity, or PIPE.One of Markforged’s rivals, Desktop Metal Inc., went public in December through a merger with another SPAC, Trine Acquisition Corp.Markforged, based in Watertown, Massachusetts, was founded

Munger: The world would be better off without SPACs

Charlie Munger, vice chairman of Berkshire Hathaway and long-time partner to Warren Buffett, said on Wednesday that he has avoided the speculative interest surrounding special purposes acquisition companies (SPACs), and urged other traders to consider doing the same.

Hong Kong s Richest Property Tycoon Plans U S SPAC

(Bloomberg) Li Ka-shing, Hong Kong’s richest property tycoon, is planning to raise funds for dealmaking by listing a special purpose acquisition company in the U.S., people with knowledge of the matter said.A company backed by Li’s family is working with advisers on the potential SPAC initial public offering, according to the people, who asked not to be identified because the information is private. They are considering seeking around $400 million, though the exact terms haven’t been finalized, the people said.The blank-check company could file registration documents with the U.S. Securities and Exchange Commission as soon as this week, the people said.Li is lionized by the public in Hong Kong, where he’s been nicknamed “Superman” for his investing prowess. The 92-year-old businessman became famous for his well-timed bets on everything from real estate to social media as he built a corporate empire spanning 50 countries.His family controls CK

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