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In leaked memo, Aurora CEO weighs spinouts, layoffs and acquisitions against sale to big tech

Aurora has a "cash runway" that will allow it to continue operations through mid-2024, according to its second-quarter letter to...

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Nikola, Lucid latest EV SPACs trying to raise cash

Two EV manufacturers are seeking cash infusions this week to bring their delayed vehicles to market. Nikola, a Phoenix-based electric truck maker,...

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Is there no bottom to the SPAC mess?

Recent news has us wondering whether there really is a bottom to the mess that SPAC-led debuts left all over the public markets. Then we want to know...

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Daily Crunch: US government is tracking our phones more than we thought, new docs show

Hello, friends, and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

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Better.com is still trying to proceed with its SPAC deal

Digital mortgage lender Better.com, which began making plans to go public via a SPAC in May 2021, has confirmed that it intends to move forward with...

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Can Polestar succeed where other EV maker SPACs have failed?

Polestar is the latest EV maker to hurry to the stock exchange by merging with a special purpose acquisition company, or SPAC, before becoming...

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Bird gets a warning from the NYSE because its stock price is too low

Scooter and micromobility company Bird has to fly at a slightly higher altitude — at least if it wants to keep its New York Stock Exchange (NYSE)...

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EV SPACs are facing a new regulatory speed bump

It’s been a bumpy road for the electric vehicle startups that rushed to go public over the past two years by merging with a publicly traded shell...

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Latch, a proptech meets SaaS play, conducts two consecutive weeks of layoffs

Latch, a proptech smart lock company that raised $152 million in known private capital before debuting on the stock market through a SPAC last year,...

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Data intelligence startup Near, with 1.6B anonymized user IDs, lists on Nasdaq via SPAC at a $1B market cap; raises $100M

Data intelligence company Near announced it would be listing on Nasdaq by way of a merger with KludeIn I Acquisition Corp.

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Bird changes course, drops vehicle sales in pursuit of profitability

Bird presented its Q1 2022 earnings on Monday after the bell; shares fell 7.4%, but then took an abrupt turn in after-market trading, shooting up...

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Reggie Fils-Aimé talks web3, AR and his gaming SPAC

Former Nintendo of America president and COO Reggie Fils-Aimé discusses his journey with the gaming giant.

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EV startup Canoo sues major investor over sketchy share sales

EV startup Canoo has filed suit against one of its largest shareholders, demanding that the firm pay back over $61 million in "short-swing...

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Lordstown reports $90 million loss and no progress on Foxconn deal

Lordstown Motors said in a filing with the SEC that it has not yet closed a $230 million deal with Foxconn ahead of a May 14 deadline that would...

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Unpacking music streaming economics through the lens of Deezer’s SPAC

The Exchange procured Deezer's release and investor presentation. Let's parse the data and see what the economics of a smaller music...

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Music streamer Deezer is going public via SPAC at a $1.1B valuation

A European music streamer, Deezer is going public via a SPAC deal, valuing the Spotify competitor at $1.1 billion. Deezer will merge with the...

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Why EV startups should’ve hit the brakes before merging with a SPAC

The blank-check boom that made real many electric vehicle manufacturers' dreams of going public may be nearing a close.

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Gogoro’s public debut could supercharge EV battery swapping across the globe

Gogoro, the company behind Taiwan's thriving two-wheeler battery swapping ecosystem, is poised to succeed where others have tried and could not...

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Latch parts ways with CFO after difficult SPAC debut

Latch CFO Garth Mitchell is leaving the company less than a year after he assumed the role and led the company’s public market debut through a SPAC.

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SEC investigates Faraday Future as regulatory crackdown on EV SPACs continues

Several executives at EV company Faraday Future have been subpoenaed by the U.S. Securities and Exchange Commission as part of an investigation into...

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It’s a fintech world, and we’re just living in it

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. It was a...

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Fresh off dramatic majority shareholder exit, Firefly could be headed for a SPAC

Firefly Aerospace’s rollercoaster ride could soon send the rocket startup to the public market via a merger with a special purpose acquisition...

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Tiger’s stamp of approval is coming for the early stage

Welcome to Startups Weekly, a fresh human-first take on this week’s startup news and trends. To get this in your inbox early, subscribe here. On...

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SPACs are a four-letter word again

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This was...

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Nextdoor beats expectations in first earnings report since going public last year

Today after the bell, locally focused social network Nextdoor reported its fourth-quarter earnings. The company combined with a SPAC last November,...

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Just how wrong were those SPAC projections?

Why are companies that went public via SPACs struggling? Did they catch a headwind from changing market conditions that previously pushed them...

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Lucid rolls back production goals even as demand for luxury EV rises

The company now expects to build 12,000 to 14,000 cars this year, down from a prior goal of 20,000

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Circle to double in value to $9 billion with revamped SPAC deal

Cryptocurrency company Circle has announced that it has terminated its previous agreement with Concord Acquisition Corp., a publicly traded...

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