The phenomenon of Special Purpose Acquisition Companies (SPACs) has taken the business world by storm. SPACs are “blank check” companies that raise money from investors and then use that funding to acquire a private company. Over the past year, there has been a tremendous surge in the number of SPACs, with billions of dollars being… Continue reading Ladies and gentlemen: The dregs of the SPAC boom
Category: spac
Canoo agrees
EV SPAC Canoo, the electric vehicle start-up, recently announced a deal to sell $52M of its shares in order to stay afloat and remain in the market. The funding was secured from investors including Colonel E Holdings, LLC and HANW Invest Group. Canoo, a Los Angeles-based electric vehicle start-up, was founded in 2018 by former… Continue reading Canoo agrees