Search results
Results from the WOW.Com Content Network
A special-purpose acquisition company (SPAC; / s p æ k /), also known as a "blank check company", is a shell corporation listed on a stock exchange with the purpose of acquiring (or merging with) a private company, thus making the private company public without going through the initial public offering process, which often carries significant procedural and regulatory burdens.
The artificial intelligence (AI) software company went public by merging with a special purpose acquisition company (SPAC) on Dec. 8, 2021, and its stock opened at $9.84 per share.
The combined company's stock started trading at $9.84 a share, closed at a record high of $12.69 on April 13, 2022, but sank below $1 by the end of the year. Like many other SPAC-backed start-ups ...
Digital World Acquisition Corp. (DWAC), founded in 2021, was an American special-purpose acquisition company (SPAC), a shell corporation listed on a stock exchange with the purpose of acquiring (or merging with) a private company, thus making the private company public without going through the initial public offering process, which often carries significant procedural and regulatory burdens.
The electric vehicle (EV) charging infrastructure builder went public by merging with a special purpose acquisition company (SPAC) in March 2021, and its stock opened at $32.30. But today, it ...
Sizzle Acquisition Corp. is a publicly traded American special purpose acquisition company (SPAC) headquartered in Washington, D.C. Founded in October 2020, the company raised $155 million in a November 2021 initial public offering (IPO).
What a long, strange trip it's been since space stocks stormed onto the stock market in 2021. It didn't take long for most of these stocks to lose most of their value, as prices plunged 70%, 80% ...
Since completing its special purpose acquisition company (SPAC) merger, Rumble (NASDAQ:RUM) stock has fallen sharply in price. After receiving a 39.6% boost on Sept. 19, its first trading day post ...