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/PRNewswire/ New Providence Acquisition Corp. II (the "Company"), announced today that it priced its upsized initial public offering of 22,500,000 units at. ....
SPAC Weekly Wrap: Signs of Life in SPAC Land The SPAC market has stabilized a bit as things almost got back to normal this week. Several M&A deals were announced with some (RICE, MUDS) performing quite well. Pre-IPO activity remained light though and two were downsized. Author: Apr 9, 2021 A bit of return to normalcy this week as it feels like the low point of the SPAC market is behind us. New issues actually traded up (unlike the tail end of March) and several deals were met with investor enthusiasm. Highlights include: Rice Acquisition RICE soaring day-1 +52% on its announcement of Aria/Archaea ....
Author Bio What happened Shares of New Providence Acquisition (NASDAQ:NPA) dipped 15.7% in March, according to data from S&P Global Market Intelligence. Last month saw substantial stock sell-offs for many special purpose acquisition companies (SPACs), and New Providence was among those that suffered a double-digit pullback. New Providence announced in mid-December that it would be acquiring space-focused telecommunications company AST & Science and bringing the company public through the merger. The SPAC s share price jumped following the news and it went on to hit a lifetime high of $25.37 in February. However, market enthusiasm for growth-dependent technology stocks started to waver, and the stock is now down 50% from its high mark. ....
AST & Science Announces 1,000th Patent Claim News provided by Share this article Share this article MIDLAND, Texas, March 11, 2021 /PRNewswire/ AST & Science, LLC, the company building the first and only space-based cellular broadband network accessible directly by standard mobile phones, today announced that its total number of patent and patent pending claims has reached 1,000. AST SpaceMobile Headquarters in Midland, TX The key patent technologies are protected in critical jurisdictions around the world and cover all aspects of AST s operations, including satellite architecture, satellite energy efficiencies, deployment, and communication protocols providing high throughput, ground coverage, reliability and compensation using space to enable connectivity to regular cellular handsets. ....
Nebula Caravel Acquisition Corp. (NASDAQ: NEBC) WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Nebula Caravel Acquisition Corp. (NASDAQ: NEBC) in connection with the company s proposed merger with A Place for Rover Inc. ( Rover ). Under the terms of the merger agreement, Nebula will acquire Rover through a reverse merger that will result in Rover becoming a publicly traded company. If you own NEBC shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://www.weisslawllp.com/nebc/ ....