Investors’ SPAC Push Could Revamp Private Market Money Game: Report

It said the raise from the IPO will be used to acquire a target company in the technology sector, with a particular focus on fintech and deep tech sectors. It has no specific expected target value for the acquisition, and said its prospective target business will not be limited to a particular industry or geographical area.

The investors who sued the bioplastics company in 2021 were able to show that Danimer and its executives made misleading statements, but failed to adequately allege that they did so with any fraudulent motive or intent, a judge ruled.

In June last year, hedge fund manager Falcon Edge Capital told clients about an exciting new investment opportunity that had “virtually zero-risk,” The Financial Times reports.

Digital World Acquisition recently announced it had reached a tentative $18 million settlement with the regulator, which has been looking into allegations that the SPAC and Donald Trump's media company held merger discussions prior to the SPAC's IPO.