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Electric vehicle SPACs try to prove their worth to Wall Street as shares fall


Electric vehicle SPACs try to prove their worth to Wall Street as shares fall
CNBC
15 hrs ago
Michael Wayland
Electric vehicle start-ups that went public through SPAC deals over the past year are trying to prove their worth to Wall Street as investors grow increasingly skeptical of their future.
Most deals were initially celebrated by investors, sending shares through the roof but the tides have turned against many of the companies after crackdowns this year by the SEC.
The CNBC SPAC Post Deal Index, which is comprised of the largest SPACs that have come to market and announced a target, has fallen by nearly 10% in 2021. ....

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iPower Inc. Rings Nasdaq Closing Bell


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DUARTE, Calif., May 28, 2021 /PRNewswire/  iPower Inc. (Nasdaq:IPW) ( iPower or the Company ), one of the leading online hydroponic equipment suppliers and retailers in the United States, today announced that iPower s Chief Executive Officer and Founder, Chenlong Tan, rang the Nasdaq Closing Bell on Thursday, May 27, 2021, in celebration of the Company s recent listing on Nasdaq. iPower began trading on the Nasdaq Capital Market on May 12, 2021.
We are honored to ring the closing bell in celebration of our successful listing on Nasdaq. The listing was a milestone and the start of a new journey for iPower, and we are looking forward to building a better future with the extraordinary efforts of our iPower team and family, and continued support from our customers, stakeholders, partners and investors, stated Mr. Tan. ....

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Red Cat Holdings to Ring Closing Bell of Nasdaq Stock Market on May 26, 2021 - sUAS News


Red Cat Reports Record Revenues For Fiscal Third Quarter
Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat” or the “Company”), a hardware enabled software provider to the drone industry, announced that its Chief Executive Officer, Jeff Thompson, will ring the Nasdaq Closing Bell on Wednesday May 26, 2021 in celebration of Red Cat’s recent listing on Nasdaq. The ceremony will begin at 3:45 PM EST in Nasdaq’s broadcast studio and can be viewed live at https://www.nasdaq.com/marketsite/bell-ringing-ceremony
“We are honored to be a part of the closing bell ceremony to celebrate our listing on Nasdaq,” stated Mr. Thompson. “We believe that the drone industry will continue to experience significant growth over the next decade, and that Red Cat is well positioned to provide the software solutions and hardware technology to support that growth.” ....

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