Tech Company Grab Said to be Nearing $35B SPAC Deal: Report

The news comes less than a week after Kingswood announced plans to merge with broker-dealer aggregator Wentworth Management Services.

While some investors will fly under the radar and try to quietly hold these “bet to fail” positions, others actively seek to talk down the price of the securities that they are shorting by publicizing research reports.

U.S. District Judge Yvonne Gonzalez Rogers in Oakland, California said that despite media speculation, Churchill Capital Corp IV shareholders who brought the proposed class action had no reason to know in early 2021 that the SPAC would merge with Lucid.

More than 30 SPACs have gone public on European exchanges in the second half of 2021.