Self-driving truck startup Plus is reportedly seeking to raise up to $600 million via a SPAC merger with Hennessy Capital Investment Corp V (HCICU, GOEV, BLBD, DSKE) 2021/04/30 13:33:00 Business Insider
Summary List Placement A self-driving truck startup called Plus is seeking to raise up to $600 million in a merger with the special purpose acquisition company (SPAC) Hennessy Capital Investment Corp. V, Bloomberg reported on Friday . The deal could go through as soon as next week, and the combined entity is set to have a valuation of over $3 billion, people familiar with the matter said. BlackRock, already an investor in Hennessey, is looking to put additional funds into the self-driving truck startup through a private investment in public equity (PIPE) as well, Bloomberg reported. The Hennessy V SPAC raised $345 million in a January IPO and has been looking for a partner ever since. It trades on the NASDAQ under the ticker "HCICU." Hennessy V is chief executive Daniel J. Hennessy's fifth special purpose investment vehicle. The CEO has raised more than $1.5 billion from SPAC IPOs thus far, completing deals with an electric vehicle company called Canoo , a school bus manufacturer called Blue Bird Corp. , and a transportation and logistics company called Daseke .
Snap Diversity Annual Report Details 2020 Progress, Initiatives for 2021 and Beyond 2021/04/29 13:30:00 Adweek
Thursday is a big day for diversity, equity and inclusion at Snap Inc., as the company released its Diversity Annual Report for 2021 and detailed the formation of a new industry coalition along those lines. Dell Technologies, Intel, Nasdaq, NTT Data and Snap introduced the Alliance for Global Inclusion Thursday, saying that the group developed…
Grab's Nasdaq debut to test its $40 billion valuation, set roadmap for SPAC hopefuls 2021/04/28 09:14:56 Economic Times India
GRAB-Analysis: Grab's Nasdaq debut to test its $40 billion valuation, set roadmap for SPAC hopefuls
Inside Nasdaq CEO Adena Friedman's mission to stay ahead of Wall Street's growing adoption of the public cloud 2021/04/27 17:37:09 Business Insider
Summary List Placement Since becoming Nasdaq's CEO, Adena Friedman has set her sights on what's become one of the biggest tech projects on Wall Street: a complete transition of Nasdaq's operations to the cloud. Friedman spent more than 11 years at Nasdaq before leaving to join the private-equity giant Carlyle Group as its CFO in 2011. She returned to Nasdaq in 2014, and spent time as president and COO before ultimately becoming CEO in 2017. Since taking the reins, Nasdaq has announced a wave of cloud developments, outpacing most Wall Street players that, bit by bit, are themselves starting to embrace cloud technology. Brad Peterson, Nasdaq's chief information and technology officer, told the Wall Street Journal last September that all of Nasdaq's markets would move to the cloud over the next ten years. Nasdaq's adoption of the cloud is emblematic of a concerted effort led by Friedman to tap into what she called the "infinite scalability" of cloud technology at a February webinar hosted by the Economic Club of New York.
BOLSA EUA-Futuros do Nasdaq recuam antes de balanços de gigantes da tecnologia 2021/04/26 11:30:04 Investing.com Portugal
InMobi prepares for Nasdaq listing, to seek $15 billion valuation 2021/03/31 18:56:30 Economic Times India
A successful listing for the adtech firm will mark a first for the Indian tech startup community and could deliver hefty returns for Masayoshi Son-led Softbank
Coherent Board Accepts II-VI Acquisition Proposal 2021/03/25 09:00:00 Benzinga
SANTA CLARA, Calif. , March 25, 2021 /PRNewswire/ -- Coherent, Inc. (NASDAQ: COHR ) today announced that its board of directors has determined, after consultation with its financial and legal advisors, that the previously disclosed acquisition proposal Coherent received from II-VI Incorporated (NASDAQ: IIVI ) on March 17, 2021 continues to be a "Company Superior Proposal" under Coherent's March 9, 2021 merger agreement with Lumentum Holdings Inc. (NASDAQ: LITE ) after giving due consideration to the revised acquisition proposal Coherent received from Lumentum on March 22, 2021 . In making its determination, the Coherent board of directors evaluated the comparative benefits and risks of the II-VI and Lumentum proposals, including the near-term and long-term financial opportunities and risks presented by each proposal, the potential synergies available through a combination with each company, and the complementary businesses of each company. Accordingly, Coherent is terminating the March 9, 2021 merger agreement between Coherent and Lumentum and paying Lumentum the $217.6 million termination fee contemplated by their merger agreement in order to enter into a new merger agreement with II-VI.
Self-driving Truck Startup TuSimple Files For Public Ownership 2021/03/24 15:23:25 Benzinga
Self-driving truck startup TuSimple filed on Tuesday to become a public company. It is seeking to sell at least $100 million in shares. It could sell as much as $1 billion in stock depending on investors' appetite. Tu Simple filed its paperwork confidentially with the Securities and Exchange Commission (SEC) in December. The SEC completed its review, clearing the way for TuSimple to list on the NASDAQ Global Select Market under the ticker TSP as soon as next month. The filing left blank how many shares would be issued and at what price. A company spokesperson declined comment on the amount the company is seeking to raise. Morgan Stanley (NYSE: MS ), Citigroup (NYSE: C ) and J.P. Morgan (NYSE: JPM ) are lead book-running managers for the proposed offering. TuSimple chose to go public through a traditional initial public offering. It passed on the popular reverse merger with a special purpose acquisition company (SPAC). SPACs have been snapping up pre-revenue electrification startups. They now are setting their sights on self-driving car and truck companies.
Power Integrations推出更大功率的LinkSwitch AC-DC变换器IC，将最大输出电流提升60% 2021/03/23 13:00:00 Business Wire
美国加利福尼亚州圣何塞--(BUSINESS WIRE)--(美国商业资讯)--深耕于高压集成电路高能效功率变换领域的知名公司Power Integrations（纳斯达克股票代号：POWI）今日宣布其旗下好评如潮的LinkSwitch™-TN2 AC-DC变换器产品系列又添新品。新的LNK3207 IC将可用输出电流从360mA提高到575mA，同时减少了BOM元件数，非常适合于家电和工业应用的更大功率的离线降压式变换器设计。 Power Integrations产品推广经理Silvestro Fimiani表示：“这些新的LinkSwitch-TN2 IC与前几代产品的引脚完全兼容，使客户可以轻松地将现有设计升级到更大输出功率。可以使用最少数量的现成市售元器件实现一个大电流降压变换器；与旧有方案相比，可至少节省一个二极管。” LNK3207 AC-DC变换器IC能够将最大输出电流提高60%，同时使电源效率超过80%，空载功耗小于30mW。每片LinkSwitch-TN2 IC都集成了一个725V的功率MOSFET、振荡器、可实现极高轻载效率的ON/OFF控制、可提供自供电的高压开
La rotación divorcia al Dow Jones del Nasdaq 2021/03/12 11:45:49 Finanzas
La rotación a valor ha provocado una brecha entre el Dow y el Nasdaq
Coherent Board Determines New II-VI Proposal Is Superior to Amended Lumentum Merger Agreement 2021/03/12 10:00:00 Benzinga
SANTA CLARA, Calif. , March 12, 2021 /PRNewswire/ -- Coherent, Inc. (NASDAQ: COHR ) today announced that the company's board of directors, in consultation with its financial and legal advisors, has determined that a revised acquisition proposal Coherent received from II-VI Incorporated (NASDAQ: IIVI ) on March 11, 2021 constitutes a "Company Superior Proposal" under the terms of Coherent's pending revised merger agreement with Lumentum Holdings Inc. (NASDAQ: LITE ) dated March 10, 2021 . Under the terms of II-VI's revised proposal, each share of Coherent common stock would be exchanged for $195.00 in cash and 1.0 share of II-VI common stock at the completion of the transaction. Coherent has notified Lumentum that it intends to terminate their amended merger agreement unless Coherent receives a revised proposal from Lumentum by 11:59 p.m. Pacific Time on March 17, 2021 that the Coherent board determines to be at least as favorable to Coherent's stockholders as II-VI's revised proposal, after taking into account all aspects of any such proposal Coherent may receive from Lumentum.
Novavax se dispara en bolsa tras anunciar que su vacuna tiene un 96% de efectividad 2021/03/12 08:06:22 Bolsamanía
La farmacéutica Novavax se dispara un 25% en el mercado after hours de EEUU, tras informar este jueves que su vacuna contra el COVID-19 mostró un 96% de efectividad contra la cepa original del virus en un estudio a gran escala llevado a cabo en el Reino Unido. Ayer cerró con alzas de casi el 9% en el Nasdaq.
Dow Jones y el S&P 500 marcan nuevos máximos mientras se acercan las ayudas 2021/03/11 20:15:38 Bolsamanía
Wall Street registra ganancias del 1,5% después de que el Dow Jones marcase este miércoles un nuevo máximo histórico cerca de 32.300 puntos. De nuevo, la rotación de activos de los inversores hacia acciones cíclicas fue evidente, ya que el Nasdaq cerró ligeramente en negativo, aunque este jueves avanza cerca de un 2%. El Dow Jones ha vuelto a marcar un nuevo máximo en la apertura por encima de los 32.600 puntos, mientras que el S&P 500 ha conquistado los 3.950
Greenlight Capital Re (NASDAQ:GLRE) Releases Quarterly Earnings Results, Beats Expectations By $0.52 EPS 2021/03/11 19:16:42 Transcript Daily
Greenlight Capital Re (NASDAQ:GLRE) issued its quarterly earnings results on Tuesday. The financial services provider reported $1.20 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.52, Yahoo Finance reports. Greenlight Capital Re had a negative return on equity of 15.47% and a negative net margin of 16.48%. Shares of NASDAQ […]