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Market Activity
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Global AI Market Expected to Reach $1.3T by 2030
Active A.I. tech companies in the markets this week include Rezolve A.I. which has a merger deal with Armada Acquisition I.
March 18, 2024
Major Rubicon Shareholder Looks to Take Company Private
Rubicon, a digital marketplace for waste and recycling and provider of software-based products for businesses and governments, went public in August 2022 via a business combination with Founder SPAC.
March 15, 2024
Rigetti Holdings to Offer $100M in New Stock
The stock trades on the Nasdaq under RGTI and closed March 14 at $1.98 per share -- about a 74% decrease from its March 2022 debut on the exchange following its deSPAC.
March 15, 2024
Will Digital World Acquisition Beat the Rest of the Stocks in the Financial Services Sector?
Digital World stock has been up as much as 165% year-to-date, in spite of the seemingly ever-evolving drama around its deal with Trump’s company.
March 14, 2024
One-Time ‘SPAC King’ Chamath Palihapitiya Just Fired 2 Partners From His VC Firm Over a ‘Situation’ at an AI Startup
The firm “became aware of a situation” last week, and after conducting an internal probe it hired Wachtell, Lipton, Rosen & Katz to investigate the matter.
March 14, 2024
US Direct Listings May Provide an Attractive Alternative to IPOs for PE
Among those hoping for a 2024 IPO rally are private equity sponsors.
March 13, 2024
Blank Check Firm Porticoes Plans to Snap Up Fallen Banks
The group aims to take over banks that have been closed by the Federal Deposit Insurance Corporation (FDIC), the Financial Times reported, citing a regulatory filing.
March 13, 2024
Trump Offered to Sell Truth Social to Elon Musk: Report
The talks reportedly occurred at a time when the long-gestating merger between Trump Media & Technology Group and Digital World Acquisition appeared to stall.
March 13, 2024
Helix Acquisition II’s Quiet Period Set to End
Formed by Cormorant Asset Management, Helix II intends to focus on the healthcare industry.
March 13, 2024
2023 Developments in SEC Rule 102(e) Enforcement Against Auditors
2023 was significant in that we saw the SEC bring what appears to be the first enforcement actions against auditors in connection with SPACs as well as an auditor independence violation claim in a federal district court, rather than in an administrative proceeding.
March 12, 2024