D&O Underwriters Approach SPACs Cautiously: Report

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.

If beauty is in the eye of the beholder, those with a hand in the SPAC market are seeing quite a pretty picture, Reuters reports.

The family office of secretive billionaire Harald McPike has accused US gaming investor Jason Ader of fraudulently inducing it into backing his SPAC. This follows the collapse of the SPAC's deal to acquire a Phillipines casino.

London-listed ACG Acquisition is buying the assets from private equity firm Appian Capital Advisory. Volkswagen AG’s battery arm will support the deal with a $100 million prepayment for future nickel deliveries, while commodities trader Glencore Plc will buy $100 million of ACG stock.