Another EV charger going public as DCRN announces a $1.4b deal with Tritium. Post Holdings Partnering Corp (PSPC) priced a downsized $300m IPO. And, don t forget IPOE shareholders vote tomorrow.
About 30 startups took government-backed pandemic loans before raising millions in a SPAC deal.
Another 16 startups went public with an IPO in the months after they received the loan.
IPOs and SPACs took off amid the pandemic, taking hundreds of companies public.
Dozens of startups took government-backed loans for small businesses during the pandemic and then went public, new data show.
The data, provided to Insider by PitchBook, showed about 30 startups went public with a special purpose acquisition company, better known as a SPAC , in the months after receiving a Paycheck Protection Program loan, a forgivable loan aimed at helping business owners harmed by the pandemic.
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US President Joe Biden’s plan to wean US drivers off fossil fuels requires massive investment in public charging stations to power the electric-vehicle (EV) revolution. So far, none of the companies that deploy the equipment has figured out how to make a profit.
The dilemma boils down to demand, and there is a certain chicken-and-egg quality to it: Most electric-vehicle drivers charge their cars at home, so many public charging stations get little use, but lots of people still driving gasoline-powered cars would not consider going electric until they see charging stations widely deployed, for fear that they will run out
The dilemma boils down to demand, and there s a certain chicken-and-egg quality to it.
(Bloomberg) President Joe Biden’s plan to wean U.S. drivers off fossil fuels requires massive investment in public charging stations to power the electric-car revolution. So far, none of the companies that deploy the equipment has figured out how to make a profit.
The dilemma boils down to demand, and there’s a certain chicken-and-egg quality to it. Most electric-vehicle drivers charge their cars at home, so many public charging stations get little use. But lots of people still driving gasoline-powered cars won’t consider going electric until they see charging stations widely deployed, for fear that they will run out of juice on the road.