Palantir Invests in More SPACs

Palantir Technologies has expanded its portfolio of investments in companies going public via SPACs to well over $300 million, Barron’s reports. 

Palantir has started a program of investing in the young companies in return for multi-year commitments to use its software. Read more.

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SEC Charges Trump-Tied Digital World Acquisition with Misleading Investors

Digital World will pay an $18 million penalty if it completes the deal, the SEC said. As part of the settlement, DWAC also affirmed that future filings with the regulator would be "materially complete and accurate." The SPAC is facing a Sept. 8 deadline for completing the merger, though it contends that it may extend the runway by an additional 12 months -- which Trump's media company reportedly disputes.