By Karamjit Singh December 31, 2020
Aims to build 100k sq ft of farms in mid to upper income neighbourhoods
To raise US$39mil, provide food security and create high valued jobs
With RM5 million worth of produce orders locked in and another major order closing this week, “fingers crossed”, and announcing intentions to raise RM100 million via issuance of Redeemable Convertible Preference Shares, Gerard Lim, a seasoned tech entrepreneur, has not wasted any time in trying to capture the multi billion opportunity he sees in merging agriculture with technology – agritech.
Less than four months after a short 17-month stint of national service at the Malaysian Communications and Multimedia Commission (MCMC) where he served as a director, Gerard, is off to the races and seems to have adopted Patrick Grove’s “Go Big or Go Home” motto with his agritech venture, Agroz Group Sdn Bhd that he set up three months ago.
Digital trading platform
eToro may be queuing for an initial public offering (IPO) on Nasdaq according to a recent report. The Fintech is said to be chatting with Goldman Sachs to manage the IPO.
Depending on where you are sitting, eToro enables trading in both digital assets, listed shares, FX as well as commodities. In the US, it is crypto-only but that may change in the near future.
The Israel based firm is said to be working with Goldman Sachs on the IPO that may take place in Q2 2021, according to Calcalistech. eToro may also be considering going public via a Special Purpose Acquisition Company (SPAC), a popular path to streamline the process of trading shares on an exchange. Valuation may top $2.5 billion fueled by recent gains in new accounts. eToro reportedly gained 5 million new customers in 2020 boosted by COVID lockdowns.
Romeo Power Now Cleared To Go Public as the Shareholders of the SPAC RMG Acquisition Have Approved the Merger Agreement Dec 28, 2020 10:24 EST
Romeo Power, a company that designs and manufactures lithium-ion battery modules and packs for commercial electric vehicles, is now all set to merge with the Special Purpose Acquisition Company (SPAC), RMG Acquisition (NYSE:RMG), becoming a public entity in the process.
Romeo Power and RMG Acquisition (NYSE: RMG) Are Now All Set to Close Their Merger Agreement
We reported a few days back that RMG Acquisition shareholders would vote on the proposed merger agreement with Romeo Power during a special meeting on the 28th of December. Well, the virtual meeting was convened as per the schedule, with the following proposals placed on the docket for deliberation:
Quantumscape (NYSE: QS) Shares Are Susceptible To a Significant Pullback Now That the Stock Has Added Over $33 Billion in Market Cap Since the Start of December Dec 23, 2020 09:08 EST
QuantumScape (NYSE: QS), the company attempting to commercialize solid-state batteries, has witnessed a ferocious rally in its shares over the past few weeks. As an illustration, between the 01st and the 22nd of December, the stock registered a gain of over 270 percent, corresponding to a surge in QuantumScape’s market capitalization to $45 billion.
A number of factors played an important role in spurring QuantumScape’s share price to a new zenith. In late November, the company became a public entity by merging with the Special Purpose Acquisition Company (SPAC), Kensington Capital. Then, in early December, the company announced promising new findings that enhanced confidence in the viability of its battery. To wit, QuantumScape announced that its solid-state separators can charge to an 80 p
Leading provider of cutting-edge access control technologies and building product solutions for the self-storage and industrial sectors
Accretive new partnership with special purpose acquisition company, Juniper Industrial Holdings, founded by Honeywell veterans with unique insights into Janus’s technology focused product offerings
Pro forma implied enterprise value of approximately $1.9 billion and anticipated market capitalization of approximately $1.4 billion at closing
Transaction financed through $348 million of cash held in Juniper’s trust account and a $250 million PIPE, which includes investments by Baron Capital Group, Fidelity Management & Research Company LLC, as well as members of Juniper’s Board of Directors, including Dave Cote, Former Chairman and CEO of Honeywell