Warren Buffett Piles on SPACs and CF Finance Lowers Deal Valuation
It was a bad day for SPACs as Warren Buffett piled on SPACs; CF Finance lowered their deal valuation with AEye; and today s MAAC deal had no pop.
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May 3, 2021
Stocks were mixed on Monday, the S&P500 was up / NASDAQ down, though this morning s SPAC M&A deal (MAAC) once again underperformed. MAAC closed up just 0.9% and below NAV at $9.95 marking yet another disappointing day-1 pop for newly announced SPAC M&A.
Warren Buffett and Charlie Munger held Berkshire Hathaway s much watched virtual annual meeting over the weekend, and one of the talks of the town today (aside from naming his CEO successor) was his view on killer SPACs:
Disgraced Theranos founder Elizabeth Holmes shows off her baby bump for the first time since her surprise pregnancy announcement - as she arrives at a California court for federal hearing ahead of her August trial
It was revealed in March that Holmes, 37, is expecting a child when her lawyers asked to delay her trial until after her July due date
Although Holmes has not confirmed the identity of the father, it is understood that she conceived with her hotel heir fiance Billy Evans, 27
Prosecutors were frustrated and disappointed to receive the news so late in the day - and it has been suggested that Holmes will get an easier trial as a new mom
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Ethereum prices soar over $3,200, making Vitalik Buterin a billionaire
As ETH prices hit a new ATH and continue to the moon, Ethereum’s visionary creator Vitalik Buterin becomes the youngest ever crypto billionaire.
Ethereum breaks new all-time highs. Image: Envato Elements
The price of Ether (ETH) the native cryptocurrency of the Ethereum blockchain has surged to a new all-time high today of US$3,200.91, officially making Ethereum co-founder Vitalik Buterin the youngest cryptocurrency billionaire in history.
With the exponential growth of the decentralized finance (DeFi), non-fungible token (NFT), and the stablecoin ecosystem, Ethereum prices have increased by more than 320% since the beginning of 2021, according to CoinMarketCap. The second-largest cryptocurrency, Ethereum now has a market capitalization of over US$368 billion, making it more valuable than corporations like Nestle, the Walt Di
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Plug Power provides hydrogen fuel cell solutions for the electric mobility and stationary power markets in North America and Europe.
The clean energy company focuses on proton exchange membrane fuel cell and fuel processing technologies, fuel cell and battery hybrid technologies, and related hydrogen storage and dispensing infrastructure.
Shares of Plug Power were trading flat this week. The stock opened Monday’s session at $28.74 and closed Friday lower by 0.78% at $28.51.
Around the house: new GCs for Luminar and UBS
30 April 2021
Around the house: new GCs for Luminar and UBS
In-house moves round-up also sees Fremantle acquire an Uber heavyweight and an O2 veteran leave ahead of its mega merger with Virgin Media
From Tesla to lidar unicorn Elon Musk’s scepticism about lidar sensors for autonomous vehicles hasn’t stopped his acting GC Alan Prescott from joining Luminar Technologies in Palo Alto. Prescott has become chief legal officer at the Peter Thiel-backed lidar sensor and software unicorn, which went public last December through a SPAC merger. His stint at Tesla lasted just under four years, serving initially as deputy GC and director of regulatory affairs before becoming acting general counsel and corporate secretary.