QuantumScape (QS) Now Runs the Risk of Losing Its Mojo as StoreDot Announces a Li-Ion Battery That Charges in 5 Minutes Jan 21, 2021 09:59 EST
QuantumScape (NYSE:QS), the company that is spearheading efforts to commercialize solid-state batteries, was the subject of a phenomenal momentum-driven rally in the latter part of 2020 as the company geared up to merge with the Special Purpose Acquisition Company (SPAC), Kensington Capital. In recent days, however, the stock’s fortunes have largely reversed as investors grapple with the extended time window required for a formal launch of QuantumScape’s battery.
Now, it seems that the onset of new competition is also forcing QuantumScape investors to recalibrate their original euphoria. To wit, the Israeli startup StoreDot announced this week that it would start offering engineering samples of its new Li-ion battery that can be charged in just 5 minutes. In a clear departure from the industry norm, StoreDot’s battery cells utili
Clearlake Portfolio Company Janus International Acquires G&M Stor-More
on January 20 2021 8:15 AM
Acquisition enables Steel Storage Australia, a Janus Company, to enhance its self-storage design and construction solutions offering to the Australasian market
TEMPLE, Ga. (BUSINESS WIRE) Clearlake Capital Group, L.P. (“Clearlake”) portfolio company Janus International Group, LLC (“Janus” or the “Company”), the leading global manufacturer and supplier of turn-key building solutions and new access control technologies for the self-storage and other industrial sectors, announced today that Steel Storage Australia, a wholly owned subsidiary of Janus, has acquired G&M Stor-More Pty Ltd (“G&M Stor-More”), a premier provider of self-storage design and construction solutions serving the Australasian market.
AlleyWatch
CBS MarketWatch declared 2020: The Year of the SPAC (Special Purpose Acquisition Corporation). A record 219 companies went public through this fundraising vehicle that uses a reverse merger with an existing private business to create a publicly-listed entity. This accounted for more than $73 billion dollars of investment, providing private equity startups a new outlet to raise capital and provide shareholder liquidity. According to Goldman Sachs, the current trend represents a “year-over-year jump of 462% and outpacing traditional IPOs by $6 billion.” In response to the interest in SPACs, the Securities and Exchange Commission agreed recently to allow private companies to raise capital through direct listings, providing even more access to the public markets outside of Wall Street’s traditional institutional gatekeepers.
Press release content from Business Wire. The AP news staff was not involved in its creation.
The Rolling Steel and Commercial Door Experts at ASTA AMERICA Announce Industry Veteran, Peter Elsenbach, Will Lead Product Management Team
January 19, 2021 GMT
CARTERSVILLE, Ga. (BUSINESS WIRE) Jan 19, 2021
ASTA AMERICA, your trusted provider of high-quality rolling steel and commercial sheet doors, today announced that Peter Elsenbach has joined the ASTA AMERICA by Janus International team, and will be leading the Product Management division at ASTA AMERICA. Janus International Group, LLC expects to complete its business combination with Juniper Industrial Holdings, Inc. (NYSE: JIH) and become a publicly listed company in the second quarter of 2021.