Paul Glazer stood awkwardly in a dark-blue suit at a podium at the Tel Aviv Stock Exchange.
The occasion: the 2018 kickoff for the sun-drenched local franchise of the Sohn Investment Conference, a pediatric cancer charity.
Other Sohn speakers that day included Jefferies global strategist David Zervos, Seth Fischer of Hong Kong hedge fund Oasis Management, and activist Bart Baum of Ionic Capital Management. They all crowded together in front of a wall of videos to press a blue switch to start the day’s trading.
“The market is open,” a computer-like voice droned amid cheers and applause, according to a video of the event.
Analysis: Cashing blank checks- why the bold favor SPACs reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
BusinessAnalysis: Cashing blank checks: why the bold favor SPACs
Joshua FranklinKrystal Hu
1/2
A U.S. dollar note is seen in front of a stock graph in this November 7, 2016 picture illustration. REUTERS/Dado Ruvic/Illustration
Read More
Dimitri Kazarinoff started his first ever earnings call as XL Fleet Corp (XL.N) chief executive last month with a u-turn.
When the maker of electrified powertrains for vans and pickup trucks agreed a $1 billion merger with a special purpose acquisition company (SPAC) in September, it made a financial forecast rarely seen in an initial public offering (IPO).
XL Fleet predicted that its revenue would more than triple in 2021 to $75.3 million.