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(Bloomberg) A small Japanese plastic recycling company is gearing up to go public in the US through a SPAC merger this month, even as many IPO hopefuls are delaying or scrapping such plans.Most Read from BloombergOne of the Most Infamous Trades on Wall Street Is Roaring BackThese Are the Best Countries for Wealthy Expats‘Oppenheimer’ Wins Seven Oscars Including Best Picture, DirectorSlow US Inflation Retreat Is Set to Bolster Fed Patience on Rate CutsKawasaki-based Jeplan Inc. plans to merge ....
HYPEBEAST To Be Publicly Traded on NASDAQ Through SPAC Merger With Iron Spark: Investors include Tom Brady, Naomi Osaka, Kevin Durant, Tony Hawk, Jonah Hill, Adam Levine, and more. ....
SPAC short-sellers were up over $500 million in mark-to-market profits over 30 days. The increasing profits came amid a steep decline in SPAC market sentiment and performance. S3 Partners shared the 10 most profitable wagers as skeptics sold short another $265 million shares. Short-sellers are descending on the SPAC market and making a killing out of it. Investors betting against these so-called blank-check companies were up more than $500 million, or 16.92%, in net-of-financing mark-to-market profits in the 30 days through April 22, said a Thursday research note by Ihor Dusaniwsky, the managing director of predictive analytics at S3 Partners. The increasing dollar value of bearish bets is in line with a downward sentiment shift in the SPAC market, which started showing cracks in early March when skeptics tripled their bets against SPACs to $2.7 billion from $724 million at the start of the yea ....
The deal would make the ride-hailing and food-delivery giant the first Southeast Asian tech unicorn to go public through a SPAC and give it funds to expand. ....
Though to Joel Greenblatt, it s all the same. For four decades, the managing principal and co-chief investment officer of Gotham Asset Management has stuck to the same style of value investing as practiced by Warren Buffett and Benjamin Graham. That has awarded him an impeccable track record in which from 1985 to 1994, when Greenblatt was still managing Gotham Capital the predecessor of Gotham Asset Management he averaged returns of 50% a year before fees. But today the market, after having gone through a once-in-a-century pandemic that shut down economic activities around the world, is getting a little weird. The timeless value-investing principle of acquiring more than what you pay for is hard to execute in a world where stock prices seem divorced from their fundamentals. ....