Market Activity

The SPAC raised $250 million in a January 2022 IPO to search for a target business operating in the software, internet, media, fintech, healthcare IT or consumer industry sectors.

No analyst note on the company has surfaced thus far. JPMorgan Chase, Bank of America and Barclays Plc are among the top brokerages that said they were not covering TMTG.

Attorneys with the firm in a blog post examine the new SEC regulations on SPACs that go into effect July 1.

Shares at the time of the company’s debut on the NYSE three years ago were trading at $172.80. Folowing the deSPAC, Lightning eMotors has since plunged into penny-stock territory, last trading today at 5 cents a share.

The letter alleges "naked" short selling of Trump Media shares and is similar to communications that CEO Devin Nunes sent to the Nasdaq last week.

Trump currently holds almost 79 million shares in the company, which is parent to his Truth Social online platform. Those are worth about $2.6 billion, while the additional 36 million are worth about $1.2 billion.

The stock was down 55% on Friday from its market debut on the Nasdaq.

23andMe has struggled to generate steady recurring revenue since customers only needed to take its DNA test once to get their results. The stock closed at around 51 cents per share Thursday, down 96% from its Nasdaq debut.

FreeCast is an advanced integrated hyper-targeted commercial-to-consumer middleware platform for the global video streaming industry.

UK-based blank-check company Pineapple Power said today that it has not yet reached a "binding agreement" for the £33 million ($41 million) acquisition of Canadian hydrogen energy business Ilios Hydrogen Canada.