Famed investor Jeremy Grantham has “by accident” made about $200 million from a personal investment in battery-maker QuantumScape after it merged with Kensington Capital Partners — despite his deriding the US craze for SPACs as “reprehensible,” the Financial Times reports. Read more.
Related Posts
Guiding a Successful de-SPAC Process Through Vision and an Actionable Plan
The article details the path to steering this complex process effectively and the critical elements to consider to ensure a productive de-SPAC.
Companies that went Public via SPACs Log Billions of Dollars in Goodwill Write-Downs
Some of the biggest goodwill impairments in 2022 came from SPAC-backed companies like cryptocurrency platform Bakkt Holdings, business-services provider Advantage Solutions, 3-D printing firm Fathom Digital Manufacturing, self-driving vehicle startup Aurora Innovation and now-bankrupt bitcoin miner Core Scientific.
Arb Traders Weigh on Sports SPACs as Fund Indicator Fails: Report
Fund ownership in SPACs isn’t the positive indicator it is for other stocks, Sportico reports.
Shareholders of Cannabis Co. in Jay-Z Empire can Sue Over de-SPAC Deal: Delaware Court
Vice Chancellor Morgan Zurn refused to dismiss a lawsuit by shareholders of Left Coast Ventures, a privately-held cannabis company that was acquired in 2021 by Subversive Capital Acquisition.