Market Activity

The REIT now has a market cap of $958.7 million. Shares were trading early this afternoon at $22.60, down 0.46%.

The SPAC closed the deal in July 2021 with Lucid trading on the Nasdaq.

DraftKings merged with Diamond Eagle Acquisition in April 2020. The stock has climbed 285% since then.

Mountain Crest, a serial SPAC sponsor, seeks to dismiss an investor’s challenge to the $187 million merger

Altman recused himself from the boards of both Oklo and AltC Acquisition while they mulled his suggestion that they merge.

Trump and other insiders remain subject to a lock-up that restricts them from selling shares at this time. The lock-up expires in September.

The lawsuit, filed in Delaware Chancery Court, relates to the 2022 merger of hormone therapy company Biote Holdings with Haymaker Acquisition III.

In the seminal SPAC case, In re MultiPlan Corp. Stockholders Litigation, the Court of Chancery held that claims alleging misleading proxy disclosures impaired SPAC stockholders’ ability to decide whether to redeem their shares and recoup their initial investment or hold the shares and become stockholders in the acquired company are direct, rather than derivative claims.

Trump Media went public in March via a merger with Digital World Acquisition. The stock has lurched up and down ever since, but at the last trade of $45.41 early this afternoon, shares still remain well off their high of $79.38 since the social media company went public.

Alchemy raised $115 million in a May 2023 IPO with plans to target companies engaged in data analytics.