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Better's SPAC acquisition may be jeopardized as investors raise further red flags in a lawsuit against the company's troubled CEO Vishal Garg
Better, the troubled mortgage company, intends to complete a SPAC merger this summer to go public. Investors discovered additional documents alleging that CEO Vishal Garg misused their cash in order to build Better. The argument over the company's formation might jeopardize the SPAC acquisition.
SPACinformer
editor
The SPAC label is now a ‘curse’, ruining even success stories
The sector's demise generates a small number of companies with low multiples. Some companies get unanimous buy ratings from experts.
SPACinformer
editor
SPAC merger of EV manufacturer, Polestar, drives GGPI stock to new highs
Polestar, the electric vehicle (EV) manufacturer, is poised for rapid expansion.
SPACinformer
editor
Digital World Acquisition (DWAC) drops by 15% after Elon Musk's $44 billion purchase of Twitter
Digital World Acquisition plummeted 15% on Monday after Elon Musk paid $44 billion for Twitter. Truth Social, the social networking firm founded by ex-president Donald Trump, is in talks to merge with Digital World. "Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated," says Musk.
SPACinformer
editor
SPACinformer founder, David Sherman, interviewed by Russ Alan Prince
David Sherman, the founder of SPACinformer, was recently interviewed by Russ Alan Prince, the Executive Director of Private Wealth. In the interview he discusses his view on pre-merger SPACs and their role within portfolios.
SPACinformer
editor
Activist investors searching for targets in the SPAC sector likely to struggle
Activist investors searching for targets in the SPAC sector likely to struggle.The formerly booming SPAC market is becoming a breeding ground for activist investors, who advocate for and benefit from reforms at troubled businesses.
SPACinformer
editor
Deezer, a Spotify competitor, is nearing a deal to go public via a SPAC
Deezer, a Spotify competitor, is nearing a deal to go public via a SPAC. The French music streaming service will merge with a blank check company financed by the Kering family, which owns Gucci.
SPACinformer
editor
Chimera, the Abu Dhabi wealth fund, will list first SPAC in Middle East
Chimera, the Abu Dhabi wealth fund, will list first SPAC in Middle East. Chimera and ADQ are seeking 367 million dirhams in a SPAC IPO. Abu Dhabi SPAC framework confirmed by authorities earlier this year.
SPACinformer
editor
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