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Wall Street giants and corporate titans are betting on climate innovation | Business

Another EV charger going public as DCRN announces a $1.4b deal with Tritium. Post Holdings Partnering Corp (PSPC) priced a downsized $300m IPO. And, don't forget IPOE shareholders vote tomorrow.

EVBox installs charging systems with Kingspan EVBox Group will supply Kingspan with just over 60 AC and DC charging stations to help the building materials manufacturer convert its corporate fleet to electric vehicles. The installation project will begin in the UK and Ireland before expanding to other regions. Kingspan is a provider of insulation solutions for buildings based in Ireland. The company aims to convert its entire fleet to zero-emission powertrains by 2025. To build charging infrastructure at office and manufacturing sites, Kingspan has now signed an agreement with EVBox. The Dutc...

LOKB, STWO, LSAQ Announce SPAC Deals An unusually busy SPAC Friday with three deals and GAMC announcing full over-allotment exercised by underwriters. Will it be enough to change the narrative? Author: ** More on the deals here: Could 3 Positively Received Deals Change the Narrative? We've been saying that it will take multiple positive events for the SPAC mood and overall narrative to change. Is it possible that a triple of deals on Friday will all be positively received and start to turn the narrative? GAMC announcing that their full over-allotment was exercised could also boost the narrat...

SPACs Get Beat Up Again SPACs are getting increasingly battered as IPOs are scarce, pre-deal SPACs fall consistently below NAV, and announced deals continue to weaken. EV SPACs got hammered as two deals closed. Author: Another rough day for SPACs as the average price for a pre-deal SPAC is now down to $9.88. SPACs with announced deals fared even worse with almost 85% trading down today.   This morning did see one M&A announcement (see below), but that brings the week's total to just two announced and neither impressed.  It's clear the pace will remain slow until "peak deal" - i.e. when t...