Hydrogen Fuel Company eCombustible in Talks for $1B SPAC Deal

Tortoise II shareholders approved merging with the electric charging network in August 2021, although 70% of the SPAC's stock was redeemed before the deal was done.

WayRay is considering seeking a valuation of about $2 billion in any deal, Bloomberg reports.

The suit, filed in New York state court, is the latest legal battle between Digital World and its former CEO, Patrick Orlando. While he was ousted last year, Orlando still holds significant leverage over the company through his ability to influence the voting shares under his control.

With Wall Street banks allocating shares to top clients and encouraging companies to price their offerings low to ensure a rise on the first day, many in Silicon Valley feel the IPO “tax” is too great, The Economist reports.