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De-SPACs Aren't as Bad as You Think


De-SPACs Aren t as Bad as You Think
SPACs and De-SPACs continue to get a bad rap as media points to % off all-time highs. Investors who look deeper will see opportunity as most are providing positive returns since IPO.
Author:
The Media Paints a Bleaker Picture than Reality
Axios put out a bit today discussing how EV stocks have lost their luster. Yes, it s true, that SPAC EV stocks are down demonstrably from their ridiculous highs. SPACs were frothy, and the highs that these companies hit were a product of a combination of Peak SPAC and EV euphoria, and not necessarily rational market behavior. ....

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Bitcoin Miners in US Bet on Flared Natural Gas as Energy Source Amid Environmental Concerns


Bitcoin Miners in US Bet on Flared Natural Gas as Energy Source Amid Environmental Concerns
Bitcoin mining requires masses of computers dedicated to solving complicated equations that globally consumes more electricity than entire nations.
By Agence France-Presse | Updated: 17 May 2021 14:41 IST
Huge numbers of processors worldwide are dedicated to the task of mining Bitcoin
Highlights
Natural gas s edge is in the cost of power
Interest has grown in diverting flared gas to cryptocurrency mining
As the value of Bitcoin soars and concerns rise about the energy-intensive process needed to obtain it, cryptocurrency entrepreneurs in the United States believe they have found a solution in flared natural gas. ....

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Yunhong International and Giga Energy Inc. Announce Execution of Definitive Share Exchange Agreement With a Potential Value Up to Approximately $7.354 Billion


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NEW YORK, NY / ACCESSWIRE / May 17, 2021 / Yunhong International (NASDAQ:ZGYH) (the Company or Yunhong ), a special purpose acquisition company, and Giga Energy Inc. (f/k/a Ares Motor Works, Inc.) ( Giga Energy ), a company that plans to provide industrial and commercial transportation solutions, today announced the execution of a definitive share exchange agreement (the Exchange Agreement ), pursuant to which Giga Energy will be acquired by Yunhong and Giga Energy will be the surviving business. The potential maximum value of this transaction is approximately $7.354 billion. Pursuant to the Exchange Agreement, the Company will purchase from the shareholders of Giga Energy all of the issued and outstanding shares and any other equity interests in or of Giga Energy in exchange for newly issued ordinary shares of the Company, subject to the terms and conditions set forth in the Exchange Agreement (the Business Combination ). The closing of the Business Combination is su ....

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