While the SPAC boom has fizzled, blank-check vehicles are now trading at deep enough discounts for even skeptical investors to consider arbitrage trades.
French utility Engie has selected five out of seven bidders for its Equans services unit and hopes to elicit binding offers in the coming weeks, two sources familiar with the matter said. U.S. investment firm Apollo Global Management and a duo formed by private equity firms CVC and PAI have been struck off the list of bidders, the sources added. The bidders and Engie declined to comment.
Shares of electric vehicle (EV) charging infrastructure and software company ChargePoint (NYSE: CHPT) are down 55% from their all-time high last December. Similar to other companies that have gone public via special-purpose acquisition company (SPAC) or de-SPAC in the past year, ChargePoint is part of a class of stocks that have dramatically underperformed the S&P 500's 20% year-to-date gain. Although it's a hypergrowth company in an attractive industry, there's an argument to be made that ChargePoint's stock price got a little ahead of itself.
(Bloomberg) -- Hong Kong Covid-19 testing laboratory Prenetics Ltd. has agreed to merge with tycoon Adrian Cheng’s U.S.-listed blank-check company Artisan Acquisition Corp.Prenetics has an enterprise value of $1.25 billion in the deal to take it public, according to a statement Thursday. The special purpose acquisition company, or SPAC, is also raising $120 million to support the transaction. Investors in the private investment in public equity, or PIPE, include Aspex, PAG, Lippo, Dragonstone an
Cardano finally completed the much-anticipated Alonzo Hard Fork on Sunday, delivering smart contract capability to the network.
Kai-Fu Lee — who worked as an executive at Google, Apple, and Microsoft — acknowledged "a lot of excitement" in the use of AI technology in the metaverse. But he warned that the new frontier may compromise users' privacy.
A MassMutual subsidiary agreed to pay $4 million to settle an inquiry from Massachusetts regulators over the social-media and trading activity of its employees.
It’s been a mixed morning for Bitcoin and the broader crypto market. A Bitcoin move back through to $48,500 levels would be needed to support a breakout afternoon…
More than $1bn worth of Ethereum has now been burned since the inception of network upgrade EIP-1559 amid increased demand for the asset and rising competition from rival Layer-1 blockchains. According to data from EthBurned and UltraSound.
TIME Magazine included co-founder and current leader of Ethereum, Vitalik Buterin, in its list of this year’s most influential people.
The pandemic has shown that old-school car stocks like GM and Volkswagen are still driven more by sales than high-profile technology developments
(Bloomberg) -- The Solana blockchain linked to one of this year’s fastest-rising cryptocurrencies is trying to bolster the network after a major outage and promising to implement more protective steps.A “detailed post-mortem” analysis will be issued in coming weeks, according to the @SolanaStatus Twitter account, after the network suffered an outage of more than 17 hours. The affiliated SOL token has tumbled about 18% over the past week but has still more than tripled in the past month, accordin
Mirantis has been around the block, starting way back as an OpenStack startup, but a few years ago the company began to embrace cloud-native development technologies like containers, microservices and Kubernetes. Today, it announced Mirantis Flow, a fully managed open source set of services designed to help companies manage a cloud-native data center environment, whether your infrastructure lives on-prem or in a public cloud. "We're about delivering to customers an open source-based cloud-to-cloud experience in the data center, on the edge, and interoperable with public clouds," Adrian Ionel, CEO and co-founder at Mirantis explained.
AMC's shares, one of the so-called "meme stocks", were down about 1% in premarket trading. "While I don't think this is going to make any of these coins do any parabolic movements as a result, to me this is just another awesome step in the global adoption of crypto as a whole," said one user in the Reddit group r/cryptocurrency that discusses digital currencies.
The network equipment maker plans to introduce new financial metrics and overhaul its reporting segments.
Decentralized exchanges and Automated Market Maker protocols are very popular in the cryptocurrency space today. Uniswap is the market leader for Ethereum, and PancakeSwap holds a similar position on Binance Smart Chain. DinoSwap, a project offering an AMM DEX on the Polygon network, wants to become a force to be reckoned with. Bringing An AMM DEX To Polygon In recent months, there have been numerous developments regarding the Polygon ecosystem. It is a more efficient network than Ethereum and o
In her first on-stage interview since she became CEO of European pay-TV giant Sky, Dana Strong discussed the Comcast-owned broadcaster’s recent deal with ViacomCBS in Europe, the potential sale of Channel 4 and her favorite TV shows. Strong became Sky Group CEO in early 2021, taking over from longtime boss Jeremy Darroch, who led the […]
More than half of 530 corporate executives have little or no confidence in the reliability and maturity of their environmental, social and corporate governance (ESG) programs, according to a global survey from corporate governance advocacy non-profit OCEG. The report paints a dim picture of the corporate world's perception of ESG initiatives, which vary greatly in ambition, disclosures and standards across companies and are increasingly coming under scrutiny from regulators concerned about "greenwashing". While 78% of the executives think that ESG efforts have an impact on a corporation's brand and reputation, only 48% believe it affects a company's financial outcomes, according to the survey, which was previewed with Reuters ahead of its publication on Wednesday.
Bitcoin managed to settle above $46,000 and is testing the next resistance level at the 20 EMA.
Ireland's Data Protection Commission (DPC) has yet another Big Tech GDPR probe to add to its pile: The regulator said yesterday it has opened two investigations into video sharing platform TikTok. The first covers how TikTok handles children's data, and whether it complies with Europe's General Data Protection Regulation. The DPC also said it will examine TikTok's transfers of personal data to China, where its parent entity is based -- looking to see if the company meets requirements set out in the regulation covering personal data transfers to third countries.
This week, the Solana mainnet was hit by a wave of intermittent service that led to the network being turned off.