Truth Social SPAC could pay Trump’s astronomical legal bills — if board approves it

Donald Trump’s beleaguered SPAC deal is finally going through, and just in time to pay nearly half a billion dollars owed over several legal actions — if the board agrees to let him sell. Let&

Astra is the space industry’s first SPAC bust of 2024

Astra Space, the launch company that went public in 2021 at a $2.1 billion valuation, is going private again after months of burning cash and failing to secure alternate investment. The company announ

Lynk forges ahead with public market debut despite SPAC’s dwindling reserves

Satellite-to-phone connectivity provider Lynk Global will head to the public markets via a merger with a shell company led by former professional baseball player Alex Rodriguez. The two companies conf

Arrival’s spectacular fall continues with a delisting from Nasdaq

Commercial EV startup Arrival is being removed from the Nasdaq stock exchange as it speeds toward dissolution. The company, which went public after merging with a special purpose acquisition company,

USDC stablecoin issuer Circle files confidentially for an IPO

After trying to go public twice via SPAC deals, Circle is trying to go public once again. Would that other private tech companies were as bold.’s stock tanks after SPAC combination brings it to the public markets

Shares of are getting hammered into the ground Thursday morning after the digital mortgage company completed its long-delayed SPAC merger and began to trade as a public company for the firs

Bad CTOs mean startups have millions of dollars’ worth of cap table dead weight

Welcome to Startups Weekly. Sign up here to get it in your inbox every Friday. This week, I’ve been looking at the evolution of tech startups. The journey from two or three co-founders to an exit or

Some good news, some news

This is our Friday show, and we’re talking about the week’s biggest startup and tech news, and having a little fun.

It’s official: is going public

We didn’t think we’d see the day. Digital mortgage lender’s proposal to combine with Aurora Acquisition Corp. via a SPAC (special purpose acquisition) has been approved by shareholder

SEC ends investigation into, which continues to bleed cash ahead of planned SPAC vote

The U.S. Securities and Exchange Commission (SEC) said it does not intend to recommend an enforcement action against digital mortgage lender The pronouncement comes after an investigation

A tale of two climate tech SPACs

AltC's merger with Oklo and ACG Acquisition's purchase of two critical minerals are both SPACs, but they couldn't be more different.

Arrival is running out of cash — and fast

The high cost of trying to develop and produce vehicles, a business pivot and three restructurings has taken a toll on commercial EV maker Arrival. And it doesn’t look like it’s going to g

Intuitive Machines’ post-SPAC war chest depleted by shareholder redemptions

Lunar technology company Intuitive Machines received far less cash from its merger with a special purpose acquisition company (SPAC) than it forecasted, according to filings with the U.S. Securities a

Stratospheric balloon company World View to go public in $350M SPAC deal

World View, a company developing stratospheric balloons for Earth observation and tourism, is heading to the public markets. The company announced Friday that it would merge with special purpose acqui

Canoo sends its EV pickup truck to the US Army for testing

Canoo, the beleaguered EV startup-turned-SPAC, has delivered its first “Light Tactical Vehicle” to the U.S. Army for a demonstration project aimed at showing how its modular electric plat

Electric motorbike-maker Zapp Electric Vehicles to go public via SPAC

U.K.-based electric two-wheeler manufacturer Zapp Electric Vehicles is merging with a blank-check company to become publicly traded on the Nasdaq at a post-money valuation of $573 million. Zapp says i

HyperloopTT’s SPAC public debut may be going nowhere fast

Hyperloop Transportation Technologies (HyperloopTT) has entered into a definitive merger agreement with special purpose acquisition company (SPAC) Forest Road Acquisition Corp. II, which is led by for

How Bird clipped its own wings

It recently came to light that Bird, a former unicorn in the once-hot scooter rental market, overstated its revenue for years. The accounting mess is consequential.

Bird tells SEC it overstated revenue for two years

Micromobility company Bird said Monday it had overstated its revenue for more than two years by recognizing unpaid customer rides. Bird’s audit committee found on Friday that the company’s financi

EV maker Arrival cutting jobs again in pivot away from UK to the US

Commercial EV company Arrival is restructuring its business for the second time in six months as it tries to squeeze the most out of its remaining capital. The company said in a regulatory filing post
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