Beware the SPAC: Report

SolarMax had a bumpy ride to the public markets, first registering an IPO in 2016, then withdrawing the registration to pursue a SPAC deal with Albertson Acquisition in 2020.

Since January, almost 30 SPACs have written to the SEC to cancel planned initial public offerings.

Amplitude shares opened 43% above the reference price set by the Nasdaq.

Babylon, founded by its CEO Ali Parsa, was said last summer to be holding preliminary discussions with some investors about how to address a crumbling share price that’s wiped almost $4 billion off its value since its October 2021 listing in New York. Babylon at the time dismissed those claims as "market gossip."