Page 15 - Stable Road News Today : Breaking News, Live Updates & Top Stories | Vimarsana

SPAC Morning: PTK and Legato Strike Deals. Lordstown Continues Dive Two SPAC deals and an IPO to kick off Tuesday. Lordstown Motors continues to fall. Author: PTK Acquisition Corp (PTK) is merging with Valens Semiconductor in a deal valued at $894M, supported by a $125M PIPE Legato Merger Corp (LEGO) struck a deal with Algoma Steel valued at $1.7B EV and supported by a $100M PIPE  In Other SPAC News: Lordstown Motors (RIDE) continues to trade demonstrably lower following its earnings call yesterday in which the company slashed production expectations and noted a need for a capital raise. ...

Author Bio Lou has followed the markets for more than two decades, developing extensive contacts including industry leaders, consultants, regulators, and labor representatives. He spends a lot of time these days focused on the industrials and financials. When not arguing on Twitter or writing about the markets, Lou spends his free time out in nature, complaining online about the Baltimore Orioles or Watford FC, or listening to early 1990s alt rock. Follow @louwhiteman The planned merger between special purpose acquisition company (SPAC) Stable Road Acquisition (NASDAQ...

Space SPAC shares drop as struggling merger target Momentus does not expect to fly this year CNBC 2 hrs ago Michael Sheetz Stable Road Acquisition Corp. disclosed in a securities filing that its merger target, in-space transportation company Momentus, no longer plans to conduct any missions for customers this year. "This determination was based on information from SpaceX that it was suspending its Momentus-related efforts while Momentus works to secure approvals from the U.S. government," Stable Road wrote. Stable Road's merger with Momentus has been bogged down this year, l...

Virgin Galactic stock jumps 28% in best day of the year after successful weekend spaceflight test (SPY +1.0%). Cryptocurrencies punch back, rise over 10% after Sunday sell-off. The Market in Perspective Here are the headlines moving the markets. Cement-Based Batteries Could Solve The Energy Storage Problem Researchers have developed a concept for a rechargeable battery based on cementa world-first such concept that they suggest could one day turn buildings into giant energy storage facilities. The proof of concept at lab scale is an idea in its early stages, and it has challenges to overco...

A rendering of Momentus’ Vigoride in-space shuttle. Photo: Momentus Momentus has received a draft National Security Agreement (NSA) from the U.S. government that is a step toward approvals the company needs to go public in the U.S.  The company has faced national security concerns about the foreign ownership and control of the company after it announced plans to go public through a special purpose acquisition company (SPAC) merger in October of last year. Momentus had voluntarily filed for review from the Committee on Foreign Investment in the United States (CFIUS), and this draft agreemen...