A federal grand jury in Manhattan has issued subpoenas regarding the merger, which is also under investigation by financial regulators.
For a time, SPACs were the preferred way for companies to go public. But changing market conditions and the threat of regulation are making Wall Street lose its appetite.
The Tesla chief’s plan for a Twitter takeover adds to the problems facing the former president’s nascent social media network.
The group is asking for compensatory damages estimated at more than $4.6 million.
More than a dozen big Wall Street money managers said no to Trump Media, but the Pentwater and Sabby hedge funds are among those that have committed millions.
A prospective investor in Digital World Acquisition Corp., a special purpose acquisition company that is merging with President Donald J. Trump’s social media start-up, says he was removed from a slate of board nominees without warning and deprived of shares he was owed.
Trading in the merger partner’s warrants, which allow holders to buy shares later, spiked several times before the Trump Media agreement was made public.
A financing company told investors that it wasn’t in deal talks, weeks after its C.E.O. held a private videoconference about a possible deal with Donald Trump.
The move is a “means to an end” for BuzzFeed to grow via acquisitions and e-commerce, its chief executive said.
The former president began discussing a deal with a ‘blank check’ company early this year. Investors weren’t told.
A merger with a so-called blank check company is poised to give the former president access to hundreds of millions of dollars.
The United States has about 100,000 public chargers, far fewer than Europe and China. It needs 10 times as many, auto experts say, to complete the switch from combustion engine vehicles.
The activist short-seller behind Hindenburg Research has become known for research that sends companies’ stock sinking. He says he’s not in it just to move share prices.
The digital media companies that once seemed to have a lock on the future are making plans to get bigger and pay back their investors.
A longtime real estate investor and former Goldman Sachs executive decided to take an electric truck company public. Chaos ensued.
The digital publisher is said to be on the verge of announcing a SPAC merger that would take the company public.
With the pandemic starting to ease in the United States, many had expected a year of wild investments to slow. It hasn’t. Yet.
It would be the largest special purpose acquisition company transaction to date.
Lordstown Motors said it would start producing and selling electric pickup trucks this year, but there is little evidence it is ready to do so. Its stock has tumbled from a high of about $30 last year to around $8.
SPACs have taken off during the pandemic, and they’re looking for directors who can help find a company to merge with.
Lawmakers in D.C. delivered a one-two punch.
Gary Gensler, the new S.E.C. chairman, wants to improve corporate disclosure and regulate digital assets better. But a lot awaits him already.
Other European cities are eating away at Britain’s edge in financial services. The government is trying to find ways to keep it.