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...A shareholder vote to approve a deal between a special purpose acquisition company called Digital World Acquisition Corporation and Trump Media & Technology Group is planned for Friday....
...The provinces of north-eastern Liaoning and central Henan have been the top issuers of the Rmb476bn in special-purpose bonds sold since 2020....
...This article has been updated to clarify that Thrive Capital’s fund is a special purpose vehicle....
...He said Taiwanese politicians would also “spin the visit for their own purposes, and this could inflame the cross-Strait tension”. But others said it was a good idea that would help Taiwan....
...Patrick Orlando, the Miami-based businessman who set up the special purpose acquisition company that merged with TMTG, has a stake worth about half a billion dollars....
...The letter raised concerns about so-called naked short selling, where fund managers make bets on stock falls without borrowing them in advance. Naked short sales have been banned in the US since 2005....
...Two partners fired by Chamath Palihapitiya’s venture firm Social Capital have hired lawyers to defend against accusations by the “Spac king” that they improperly set up a special purpose vehicle to market...
...The best-known blank-cheque groups are special purpose acquisition companies, which list on stock markets with a goal of taking another business public through a merger....
...After Monday’s fall in the stock price, Trump’s stake in TMTG is worth nearly $4bn, while a small group of unheralded financiers and hedge funds that helped take the company public have stakes worth more...
...A claim filed in a court in Los Angeles on Tuesday said the use of a “special expenses” fund of $950,000 after tax was an agreed part of his contract....
...Frankly, a special administration might offer a cleaner proposition to invest new funds, with a slice of the group’s £18.3bn debt pile removed....
...Shareholders, which include the pension funds Omers and USS as well as the Abu Dhabi and Chinese sovereign wealth funds, would take losses estimated at £5bn, a fact they acknowledged in March when they refused...
...These fundraising vehicles, known as special-purpose acquisition companies (Spacs), raise money with a promise to invest in an operating company....
...The group also allegedly smuggled a special laser, with military applications, bought using funds from the MSS, to China without it being declared, according to the prosecutor....
...Alex Savvides is expected to join Jupiter by the Autumn of 2024 and, upon arrival, will assume management of the £2.1bn Jupiter UK Special Situations Fund....
...Circle previously planned to go public but in December 2022 ditched a $9bn merger with a special purpose acquisition company led by former Barclays chief executive Bob Diamond, after the SEC did not ratify...
...However, TMTG’s share price jump is unlikely to help him secure the funds because of a lock-up agreement that prevents him from selling his shares for six months....
...Chris Weston, the utility’s chief executive, told Radio 4 that special administration was “a long way off” and could be avoided if shareholders agreed to provide funds....
...The special purpose vehicle would be empowered to borrow from financial markets by issuing bonds with sovereign guarantees from Ukraine’s allies....
...The people with knowledge of the matter said the two partners had recently marketed a special purpose vehicle set up to sell an allocation in the convertible note fundraising....
...This business is aiming to merge with L Catterton Asia Acquisition Corp, a special purpose acquisition vehicle, or Spac, listed on the Nasdaq exchange and founded by LVMH-backed investment group L Catterton...
...The bulk of that total has been raised via a special purpose vehicle set up by Silicon Valley firm Menlo Ventures, an existing Anthropic investor, they added....
...At the suggestion of SoftBank executives, Better soon after cut a deal to go public via a special purpose acquisition company, choosing one set up by Icelandic billionaire Thor Björgólfsson....
...Financials Acquisition Corp, a special purpose acquisition company, said on Monday it had terminated a plan to combine with a newly created entity, London Innovation Underwriters, after the latter received...
...Amid great acclaim, the company listed on Nasdaq in 2021 via a special purpose acquisition company backed by Sir Richard Branson and its valuation topped $6bn....
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