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Prime Movers Lab, an investor in scientific breakthrough startups that has attracted capital from hedge fund managers Bill Ackman and Dmitry Balyasny, may soon benefit from a deal with another blank-check company.
The firm was an early backer of commercial space business Momentus, which is going public through a merger with special purpose acquisition company Stable Road Acquisition Corp. More SPAC mergers are coming, according to founder Dakin Sloss. “We have three others that will be announced soon,” he said during a phone interview with
Institutional Investor.
While Sloss declined to name the companies in the firm’s portfolio that will be next to go public, he said he believes that SPACs are more rewarding for shareholders compared to initial public offerings. That’s because “companies are allowed to show forward-looking financial statements” when setting valuation terms, which is similar to private funding markets but can’t be done in the IPO process
The more bitcoin surges in 2021, the more investors fear a massive crash similar to 2018. If you’re looking for prospects that can deliver outsized gains, the Shopify stock is highly recommended.
Bitcoin (BTC) Consolidates at $40,500 after Surging Closed to $42K, Gains 40% in 2021
Jan 9 2021 · 10:48 UTC by Bhushan Akolkar · 3 min read
Photo: Pixabay
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Bitcoin has blasted nearly 40% since the beginning of 2021 as the world’s largest cryptocurrency surged all the way up to $42,000 hitting a new all-time high. Institutional interest in BTC continues to surge further.
It has been a blockbuster beginning for Bitcoin and crypto investors to the year 2021. In an unstoppable journey, Bitcoin (BTC) price climbed all the way close to $42,000 to hit its new all-time high on Friday, January 8. Bitcoin continues its massive bull run further after a phenomenal run in the last year of 2020.
Kryptoměny v roce 2020: Růst kurzu Bitcoinu, ale i jeho technologický vývoj a snahy o regulaci lupa.cz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lupa.cz Daily Mail and Mail on Sunday newspapers.