SPAC

Co-founders of embattled EV SPAC exit after bumpy last mile

The co-founders of Electric Last Mile Solutions Inc. have resigned following an internal investigation that discovered the top executives purchased equity in the company at substantial discounts to ma

EV SPAC Faraday Future is restructuring leadership following review of inaccurate statements to investors

Faraday Future is revamping its board, cutting the pay of two top executives and suspending at least one other, following an internal investigation that determined employees made inaccurate statements

Vertical farming firm Kalera eyes SPAC deal

Another vertical farming operation revealed its plans to hit Nasdaq by way of SPAC. This week, Florida-based Kalera announced plans to merge with Agrico Acquisition Corp. in a deal that values the agt

Hero MotoCorp, Engine No. 1 join Gogoro’s PIPE, bringing it up to $285M

Gogoro, the Taiwanese company best known for its electric smartscooters and swappable battery infrastructure, has just added current strategic partner Hero MotoCorp, activist and impact investment fir

TechCrunch+ roundup: Allocating equity, unicorn traffic jam, blockchain gaming survey

We'll be off on Monday, January 17 in observance of Martin Luther King, Jr. Day.

The SPAC boom was a failure, yeah?

The results are proving to be pure trash so frequently once the hype has died down and real, post-debut life begins that I would hazard we've collected enough data to call the SPAC boom a failure.

The year of the disappearing lock-up

That startup founders are in the driver’s seat has been plain for a while now. Consider the extent to which funding has soared, with investors reportedly plugging a record $93 billion into early

ZeroFox goes public in $1.4B SPAC deal

ZeroFox, an enterprise threat intelligence cybersecurity startup that helps companies detect risks found on social media, has announced plans to become a publicly traded company via a merger with blan

India’s most valuable startup Byju’s in talks to go public via record SPAC deal

Indian edtech giant Byju’s, the nation’s most valuable startup, is in talks to go public in the U.S. by merging with a blank check company led by Churchill Capital, a person familiar with the matt

Harley-Davidson’s EV motorcycle unit LiveWire to go public via SPAC

Harley-Davidson is taking its electric motorcycle division LiveWire public through a merger with a blank check company sponsored by executives of AEA Investors and Bridges Fund Management. The agreeme

Walmart-supported Symbotic set to go public via SoftBank SPAC

Walmart’s had its ups and downs in the robotics world, looking for any advantage in a bid to stay competitive with Amazon’s online domination. In July, the mega-retailer inked a deal with Symbotic

Your local trucker is giving us creator economy vibes

Hello and welcome back to Equity, a podcast about the business of startups where we unpack the numbers and nuance behind the headlines. Friends, we’re almost there: the end of the year that fel

The SEC is curious about Trump’s SPAC deal

Digital World Acquisition Corp. (DWAC) announced in a recent filing that it has received questions from the United States government regarding its anticipated combination with Trump Media & Techno

First we SPAC, then we take down AWS

The plan is simple: First, we create a knockoff of a popular digital service. Second, we cry political persecution. Third, we raise a bunch of money with a SPAC. And then, we take on AWS.

Grab’s SPAC splat caps off a bad week for blank-check combinations

What goes up must come down. And what goes SPAC must go splat? We’ll keep workshopping that. Regardless, shares of super app Grab took a pounding today after its SPAC combination was approved la

3D printing company Essentium set to go public via SPAC

The world of additive manufacturing is not immune from the SPAC craze. Desktop Metal, Shapeways, Markforged and Velo3D have all either completed or announced plans to go public through the process. Au

Better.com gets $750M cash infusion in new agreement with its SPAC backers

Digital mortgage lender Better.com, which announced in May that it was going public via a SPAC, is getting a cash infusion from its backers sooner than expected. Blank-check company Aurora Acquisition

Why SoundHound is valued at 5 Shazams

To find out why voice AI company SoundHound is set to go public via a SPAC at a nearly $2.1 billion valuation, let's have a closer look at its history, and the case for its double unicorn valuation.

Canoo is setting up headquarters in Walmart’s hometown, picks Panasonic as battery supplier

Canoo, the electric automaker that became a publicly traded company last year, is expanding its U.S. footprint with plans to establish its headquarters and an advanced manufacturing industrialized fac

Nikola sets aside $125 million to settle with SEC

Electric truck developer Nikola Corp. is in talks with the U.S. Securities Exchange Commission to pay a $125 million civil penalty, part of an ongoing probe by the regulator into whether the company m
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