Chinese EV Startup Iconiq Said to Mull $4B U.S. SPAC Deal: Report

The SPAC, which is attempting to take Donald Trump's media company public, also disclosed that it will pay a company owned by interim CEO Eric Swider $15,000 a month for office space, utilities, and secretarial and administrative support.

Plaintiffs who purchased shares in Churchill Capital IV, which later merged with Lucid Motors, alleged that, prior to the merger, the company had made misrepresentations and omissions about its value. However, the court dismissed their claims for failure to identify any misrepresentations because the challenged statements were made before the SPAC and the electric vehicle company had announced that they were in merger discussions.

Novo Tellus Alpha Acquisition raised $111 million.

Realized and unrealized losses on the SPAC portfolio reached 75% at the end of September, or about $333 million, according to an analysis of Palantir’s latest accounts. The red ink may have increased since then.