SPAC Frenzy Worries Some Wall Street Investors: Report

Three firms are reportedly working to file prospectuses, possibly by year's end.

The artificial intelligence-powered enterprise software company has jumped from $1.33 to as high as $21 without having released any new updates with the SEC in the period as it becomes the latest stock to ride the AI wave that’s boosted multiple companies this year.

The demand to short Trump Media, the parent company of the social media platform Truth Social, is so great that stock lenders can charge enormous fees, making it hard for short-sellers to turn a profit unless the shares fall significantly. Still, there is a lot of interest in taking the bet.

Nocturne Acquisition has a deal with Cognos Therapeutics. Concord Acquisition III shareholders are scheduled to vote tomorrow on the proposed merger with GCT Semiconductor.