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Blank-cheque vehicle Digital World in talks with hedge funds over preferred stock issued in $1bn Pipe financing
Blank-cheque vehicles to return $1.5bn to investors after failing to find targets
Special purpose acquisition company’s original legal documentation had required the deal to close by this month
Solicitors charged with drumming up support for struggling deal are owed six-figure sum
Executives of blank-cheque group loan company $2.9mn to keep prospect of stock listing alive
Surge in blank cheque company liquidations promises respite from losses due to market downturn
Revenue is up for the group that runs cash-for-crypto kiosks but it is hard to see how growth can be sustained
Prosecutors investigate links between Michael Shvartsman’s ‘venture capital firm’ and ex-US president’s media business
US securities regulator asks why Tesla chief did not notify investors before saying deal ‘cannot move forward’ over bots
UK van and bus maker restructures to stop cash drying up
Investors will give him cash for a deal only after he has picked out a target company
Funds from record-breaking vehicle returned to investors as appetite for blank-cheque companies withers
Plus, Bill Hwang is sued by his former analyst and Putin’s inner circle ponders a sanction-proof mega-deal
Spacs took off at the start of the pandemic as a way for companies to go public, but in 2022 the bubble burst
Enjoy Technology under Ron Johnson crashed from public listing to bankruptcy at breakneck speed
Plus, megadeals carry global M&A and Unilever settles a year-long ice cream fight
From electric vehicles to fintech start-ups, their stocks have lost an average of 62% of value
The region’s largest blank-cheque vehicle Pegasus Europe is among those seeking a company to merge with
Federal grand jury scrutinises blank-cheque company Digital World Acquisition
Californian group that offers expensive tests in effort to prolong lives was selected after Pimco scuppered earlier deal
The EV truck group has filed for bankruptcy less than a year after going public via a SPAC deal
Investment vehicle led by the ex-Credit Suisse chief has yet to do a deal since launching in February 2021
Rising interest rates and the prospect of tougher regulation have deepened the challenges facing the market
Symbotic executive eyes automation trend due to wage costs and labour shortages
Media group’s intention to go public falters amid dwindling enthusiasm for blank-cheque vehicles
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