SPAC

It's easy to imagine why auto enthusiasts would be nostalgic for the Land Rover Defenders of the 1980s. The rugged look and strength of the four-wheel-drive vehicle conjures thoughts of off-road adventures, bouncing across steep, snowy terrains with relative ease — something the so-called...

Circle Internet Financial, the firm behind the widely used USD Coin (CRYPTO: USDC) stablecoin, is reportedly exploring a transition into a publicly traded company as early as 2024. Insiders who have elected to remain unnamed due to the private nature of their disclosures indicate the company...

The electric vehicle manufacturer from Vietnam, VinFast Auto (NASDAQ:VFS), experienced a significant drop in its stock, despite no apparent reason behind the move. As per Barron’s report, VinFast’s share price plunged by 12%, to $8.15 in the afternoon session, while...

Cheche Group Inc. (NASDAQ: CCG) shares traded lower Monday amid continued volatility following the company's business combination with Prime Impact Acquisition last week. What To Know: Last Monday, Cheche announced the completion of a previously announced business combination with Prime Impact...

John Hempton, short-seller founder and CIO at Bronte Capital, indirectly took a jab at "SPAC King" Chamath Palihapitiya Tuesday over his past endeavors and dealings. What Happened: In response to a tweet by Palihapitiya praising the worth of "disagreeable" individuals...

The number of startups going public via reverse mergers with special purpose acquisition companies (SPACs) skyrocketed in 2021, with 613 companies in the U.S. opting for this option in 2021.  But challenging macroeconomic conditions amid unfavorable business environments drastically reduced the...

A former employee of Trump Media & Technology Group filed a whistleblower complaint with the SEC back in August 2022. A new interview with the whistleblower revealed why he did it and what he was up to now. What Happened: Former Trump Media & Technology Group employee Will...

Social Capital Founder Chamath Palihapitiya has made waves with his sharp criticism of both venture capitalists and the Federal Reserve's recent interest rate hikes. In his annual letter to investors, Palihapitiya commented on how the market has been impacted by the rising interest rates, calling...

One of the most talked about SPAC mergers of all time saw shares surge in valuation and demand and brought interest back to the SPAC market. A filing shows some provisions for the SPAC merger based on its well-known namesake leader. What Happened: Trump Media & Technology Group announced a...

Major Wall Street indices closed in the green on Thursday as investors began weighing in on a potential pause in interest rate hikes by the Federal Reserve following the March policy announcement. Some bottom-fishing at current levels could also have supported stocks. The Nasdaq Composite closed 1....

Investors are on the hunt for undervalued, underfollowed and emerging stocks when it comes to spotting opportunities. Retail traders have countless methods at their disposal to uncover new information. For some, this may be overwhelming. Benzinga’s Stock Whisper Index uses a combination of...

Digital World Acquisition Corp.'s (NASDAQ: DWAC) troubles just got deeper, with the company announcing the ouster of its CEO. What Happened: Digital World, a special purpose acquisition company, which has agreed to merge with Donald Trump’s Trump Media & Technology Group, the...

Major Wall Street indices ended in the green on Monday after fears of the banking crisis ebbed following the rescue deal announcement of Credit Suisse Group AG (NYSE:CS) as well as the coordinated action by central banks around the world to boost liquidity. Market participants are now keenly eyeing...

Content creator and image marketplace Getty Images Holdings (NYSE: GETY) reported fourth-quarter financial results after the market close Monday. Here are the key highlights. What Happened: Getty Images reported fourth-quarter revenue of $231.5 million, down 3.2% year-over-year. The revenue total...

Venture capitalist Chamath Palihapitiya was one of the most followed people in the financial world from 2019 to 2022 thanks to his role in the growth of SPACs as investment vehicles to take companies public. Palihapitiya recently reflected on SPACs, the valuation of private companies and other...