SPAC

Latch, a proptech meets SaaS play, conducts two consecutive weeks of layoffs

Latch, a proptech smart lock company that raised $152 million in known private capital before debuting on the stock market through a SPAC last year, is conducting another round of layoffs. Earlier thi

Data intelligence startup Near, with 1.6B anonymized user IDs, lists on Nasdaq via SPAC at a $1B market cap; raises $100M

The IPO window has all but closed for technology companies in the wake of a massive downturn in the market, but an opening still remains for some, in the form of SPACs. Near — a data intelligenc

Bird changes course, drops vehicle sales in pursuit of profitability

Bird presented its first quarter 2022 earnings on Monday after the bell. Revenue has decreased consistently since the company went public via a special purpose acquisition merger in November last year

Reggie Fils-Aimé talks web3, AR and his gaming SPAC

In February 2019, Reggie Fils-Aimé announced that he would be leaving Nintendo after 16 years — 13 of which were spent as the president and COO of the company’s North American division. It wa

EV startup Canoo sues major investor over sketchy share sales

Electric vehicle startup Canoo has filed suit against one of its largest shareholders, demanding that the firm pay back more than $61 million in “short-swing profits.” The short-swing prof

Lordstown reports $90 million loss and no progress on Foxconn deal

Lordstown Motors said in a filing with the SEC that it has not yet closed a $230 million deal with Foxconn ahead of a May 14 deadline that would allow it to remain a going concern.

Chinese fuel cell maker eyeing SPAC deal for $1B US listing

The deal comes at a time when companies that took the SPAC route are facing increasing regulatory scrutiny in the U.S.

Unpacking music streaming economics through the lens of Deezer’s SPAC

The Exchange procured Deezer's release and investor presentation. Let's parse the data and see what the economics of a smaller music streaming business look like today. 

Music streamer Deezer is going public via SPAC at a $1.1B valuation

A European music streamer, Deezer is going public via a SPAC deal, valuing the Spotify competitor at $1.1 billion. Deezer will merge with the “blank-check” company I2PO, which is headed by

Why EV startups should’ve hit the brakes before merging with a SPAC

The blank-check boom that made real many electric vehicle manufacturers' dreams of going public may be nearing a close.

Gogoro’s public debut could supercharge EV battery swapping across the globe

Gogoro, the company behind Taiwan's thriving two-wheeler battery swapping ecosystem, is poised to succeed where others have tried and could not -- and now it has the cash to do so.

Latch parts ways with CFO after difficult SPAC debut

Latch CFO Garth Mitchell is leaving the company less than a year after he assumed the role and led the company’s public market debut through a special purpose acquisition vehicle, or SPAC, an accide

SEC investigates Faraday Future as regulatory crackdown on EV SPACs continues

Several executives at EV company Faraday Future have been subpoenaed by the U.S. Securities and Exchange Commission as part of an investigation into inaccurate statements made to investors, according

It’s a fintech world, and we’re just living in it

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. It was a live recording this week, which was good fun. Our co-

Fresh off dramatic majority shareholder exit, Firefly could be headed for a SPAC

Firefly Aerospace’s roller coaster ride could soon send the rocket startup to the public market via a merger with a special purpose acquisition company, a recent filing with the FCC suggests. Ae

Tiger’s stamp of approval is coming for the early stage

Welcome to Startups Weekly, a fresh human-first take on this week’s startup news and trends. To get this in your inbox early, subscribe here. On Tuesday, AngelList Venture closed its first tranche o

SPAC is a four-letter word again

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This week saw Equity back on the live-taping game, with Mary A

Just how wrong were those SPAC projections?

Why are companies that went public via SPACs struggling? Did they catch a headwind from changing market conditions that previously pushed them forward? You bet. But the damage is also self-inflicted.

Nextdoor beats expectations in first earnings report since going public last year

Today after the bell, locally focused social network Nextdoor reported its fourth-quarter earnings. The company combined with a SPAC last November, making today its first quarterly report since going

Lucid rolls back production goals even as demand for luxury EV rises

Earnings season rolled along today with notes from Lucid Motors’ fourth-quarter results. The company, like other electric vehicle (EV) companies, is nascent in revenue terms, albeit further along th
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