The former Lucid Motors will expand its factory in Casa Grande, Arizona, by 2.7 million square feet and aims to ultimately produce 400,000 vehicles a year.
Shareholders approved Friday EV startup Lucid Motors’ merger with special purpose acquisition company Churchill Capital IV, after the companies extended the deadline by one day because not enough re
ServiceMax, a company that builds software for the field-service industry, announced yesterday that it will go public via a special purpose acquisition company, or SPAC, in a deal valued at $1.4 billi
European SPAC creation is modest compared to what’s been going on in the U.S, but it still represents material growth and a new avenue for European tech startups still hungry for exit opportunities.
Having read more SPAC investor decks in the last twelve months than I’d like to admit to, I thought I was over being irked by their bullishness. Call me conservative, but public companies should
Lordstown is not the only SPAC that is going to see some daylight between its pitch and its performance. But it's a pretty stark reminder that SPAC decks are sales pitches, not promises.
After the transaction is consummated, the startup will sport an anticipated equity valuation of $1.6 billion.
Can SPACs still solve the funding problem for capital-intensive, deep tech startups? And will they become a permanent financing option?
The SPAC route is a match made in heaven for consumer tech companies: SPACs put more of a focus on the management team and the vision than traditional IPOs, which is a boon for such firms.
That thing I said the other week about robotics SPACs being relatively few and far between is becoming less and less true. It’s like someone walked down to the local robotics club, explained the adm
One year after nabbing $590 million from investors led by Toyota, and a few months after picking up Uber’s flying taxi business, Joby Aviation is reportedly in talks to go public in a SPAC deal
SPACs are going to be the tool needed to bring clean tech up to par with sectors such as healthcare. It’s a development that will benefit all of us.
On Monday, Pluralsight, a Utah-based startup that sells software development courses to enterprises, announced that it has been acquired by Vista for $3.5 billion. The deal, yet to close, is one of th
AvePoint, a company that gives enterprises using Microsoft Office 365, SharePoint and Teams a control layer on top of these tools, announced today that it would be going public via a SPAC merger with
Democratized access to startups yields more opportunity for investors to find ventures that align with their values while diversifying their profiles can provide tremendous results.
A look back at Extra Crunch's top stories over the last few days.