Tag: SPAC
Crowdfunding limits are poised to change next week, but most VCs aren’t paying attention — yet
Passion Capital, the early-stage venture firm in London, told TechCrunch earlier this week that — in an apparent first for a European fund — it plans to crowdfund the final stage of its third and latest vehicle. Specifically, it’s carving out around half a million dollars for anyone who wants…
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The technology selloff is getting to be somewhat material
Tech stocks are getting hammered today, with previously high-flying shares of software companies taking even more damage. For a sector that has enjoyed a year in the sun, recent trading sessions have punctured a period of market adoration. It is too soon to say that the market is repricing tech…
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Lucid Motors is going public before it starts selling EVs
The Lucid Air electric luxury sedan is scheduled to go on sale later this year, but first the EV startup will merge with an already-NYSE listed special purpose acquisition company so it can go public. The deal with Churchill Capital Corp IV (CCIV) wi… Source
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As the SPAC frenzy continues, questions arise about how much the market can absorb
Another week and the biggest story in a sea of big stories continues to center on SPACs, these blank-check companies that raise capital through IPOs expressly to acquire a privately held company and take it public. But some industry watchers as starting to wonder: Is this party just getting started,…
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Pandemic-era growth and SPACs are helping edtech startups graduate early
Special purpose acquisition vehicles regained popularity in 2020 as an alternative way to take startups public, and now they are eyeing edtech companies. So far, Skillsoft has gone public through Churchill Capital, and Nerdy, parent company of Varsity Tutors, did the same through a reverse merger with TPG Pace Tech…
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23andMe set to go public via a Virgin Group SPAC merger
Genetics testing and genome research company 23andMe is set to go public via a merger with special purpose acquisition corp (SPAC) VG Acquisition Corp, a vehicle set up by Richard Branson and his company Virgin Group. The transaction is expected to result in 23andMe having around $984 million in cash…
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