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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.
On August 21, 2024, after the company confirmed its first commercial satellite launch in early September, AST SpaceMobile stock price jumped to $38.60 per share, or around 1,800% compared to record lows of $1.97 per share on April 2, 2024. [36] [37] As a result, the company's market cap exceeded $8 billion in August 2024. [38]
Chamath Palihapitiya (born 3 September 1976) [1] is a Sri Lankan-born Canadian and American venture capitalist, engineer, SPAC sponsor, and the founder and CEO of Social Capital. Palihapitiya was an early senior executive at Facebook , working at the company from 2007 to 2011.
The deal with Founder SPAC will provide Rubicon with up to $432 million in gross proceeds - about $321 million from the special purpose acquisition company's (SPAC) trust account and $111 million ...
Shares of Churchill Capital were down around 25% at 10:45 A.M Eastern time. ... Lucid Motors confirms SPAC deal: CCIV stock down 25%. ... offer price of $15.00 per share. It will provide the ...
The special purpose acquisition company set up by Group Nine Media announced pricing of its initial public offering of 20 million units at $10 apiece, for total gross proceeds of $200 million.
In March 2021, Altman and investment banker Michael Klein co-founded AltC Acquisition Corp, a special-purpose acquisition company (SPAC), where he is also the CEO. [2] [76] In May 2024, Oklo Inc. completed a merger with the SPAC to become a public company. Altman remained as chairman of Oklo following the merger.
September 29, 2020 at 12:52 PM