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Flotation will test London’s new rules for Spac-style fund raisings
Acquisition vehicle was first Spac set up under new UK rules
Exit of co-founder Dominic Perks casts doubt over future direction of investment groups
Agreement between blank-cheque company and interim chief executive’s group also covers administrative help
EV maker is nowhere near its targets and has burnt through nearly all its cash
Shell company backed by Bernard Arnault and Jean Pierre Mustier fails to find suitable target
Plus, the Hollywood rise of Ari Emanuel and venture capital dries up in Silicon Valley
Digital World Acquisition terminates Patrick Orlando amid ‘unprecedented headwinds’
Jean-Charles Naouri pursues deal with former franchisee as he races to salvage group
EO agrees lower valuation after dropping reverse merger deal last year because of market slump
Division of sports car group planning electric SUVs will list on Nasdaq this year
US multi-club business’s move would be a first for the football sector
Hail Mary passes coming
There have been far too many special purpose acquisition companies chasing too few deals
Fosun-owned fashion business climbs 36% as it seeks to turn round flagging fortunes
49% of a sample of companies that went public in the cash shell boom had material flaws
Collapse of tie-up follows FTX bankruptcy and other crises in the sector
Growing number have ‘evergreen’ provisions allowing them to award stock despite downturn
Blank-cheque companies in Asian financial hubs show little results
Austerity, bitcoin-style
Plus, the FTX bankruptcy hearing kicks off in a messy fashion and Société Générale’s next boss ploughs ahead with a new strategy
Harsh response from investors is a sign of wider reappraisal of digital health market
Investors in the dating app’s merger partner have plenty of reasons to swipe left over the deal
Price rise supercharged by widespread share redemptions before Spac merger
Ortenca Aliaj explains how the craze for special purpose acquisition vehicles turned out to be shortlived
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