BuzzFeed News union members plan walkout for same day as SPAC IPO vote
Members of BuzzFeed News’ union said they plan to walk out on the job at noon Thursday, the same day shareholders will vote on whether or not to take BuzzFeed public via a SPAC IPO. Why it matters: Digital media companies are anxiously eyeing…
Leonardo DiCaprio-Backed Electric Automaker Polestar Valued At $20 Billion In SPAC Deal
Polestar, the electric vehicle company backed by Volvo of Sweden and Leonardo DiCaprio was valued at $20 billion in a SPAC deal that will take it public. The company, founded in 2017 by Volvo Cars and Chinese automotice group Zhejiang Geely Holding, has…
Taiwanese Startup Gogoro in Merger Talks With Poema SPAC
(Bloomberg) — Gogoro, a Taiwanese startup that specializes in battery-swapping technology, is in talks to go public through a merger with Poema Global Holdings Corp., a blank-check firm, according to people with knowledge of the matter. The deal is…
Chinese EV Startup Iconiq Said to Mull $4 Billion U.S. SPAC Deal
(Bloomberg) — Iconiq Motors, a Chinese electric vehicle firm, is considering going public in the U.S. through a merger with a blank-check company, according to people familiar with the matter. The startup is working with an adviser on a potential…