Jerusalem-based investment platform OurCrowd is in negotiations with a SPAC traded on the Nasdaq at a valuation of over $1 billion, Calcalist reports. OurCrowd, founded by Jon Medved in 2013, is negotiating with several SPACs but talks with one of the blank-check companies are believed to be at a more advanced stage than others and a deal may be reached next month or October. Read more.
The growth of blank-check companies could eat into buying opportunities across private equity, venture capital and growth, says Michael Arougheti, co-founder, CEO and president of Ares management in this interview with PE Hub.
At least the damage at Theranos was confined to professional investors, Reuters writes in this opinion piece.
Northern Genesis Acquisition in a filing today announced that its merger partner Lion Electric has received an order for 60 electric school buses over the next five years.
Cathie Wood has spent months defending Ark Investment Management from critics who say the money manager has too much cash tied up in too few stocks, Bloomberg reports. The firm’s latest move is handing them fresh ammunition. Ark also added a SPAC alert.