DEEPSEEK
SEC Settles DWAC Fraud Charges Over Merger with Former President Trump's Company
SEC settles fraud charges with DWAC over undisclosed plans to merge with Trump's TMTG. DWAC to pay $18M penalty if merger closes.
SPAC CFO Sentenced to Prison for Embezzling $5M
Cooper Morgenthau, former CFO of African Gold Acquisition Corporation, was sentenced to three years in prison for embezzling $5 million from three different SPACs. Morgenthau used the embezzled funds to trade cryptocurrencies and meme stocks, losing almost all of the money. He then provided falsified documents to the company’s accountants and raised $4.7 million from private investors based on fraudulent claims. Morgenthau has been ordered to forfeit $5.1 million and pay restitution of the same amount.
Japan’s Crypto Exchange Coincheck to List on NASDAQ Stock Market in July 2023
Coincheck wants to list its shares on the Nasdaq through a merger with a SPAC company.
Blockchain Startup W3BCloud to Go Public via SPAC Deal
Blockchain cloud infrastructure service provider W3BCloud is set to go public via a Special Purpose Acquisition Company (SPAC) dubbed the Social Leverage Acquisition Corp I (SLAC).
eToro Cancels SPAC deal with FinTech Acquisition Corp. V. Company
FinTech Acquisition Corp. V. SPAC and eToro have terminated their investment deal, citing the impracticality of the deal.
Aura FAT SPAC Pulls $115m in IPO, Planning to Merge Crypto Firm
Cayman Islands incorporated SPAC Aura FAT Projects Acquisition Corp has announced its successful IPO on the Nasdaq Exchange where it raised the sum of $115 million.
Japan’s Coincheck to List on Nasdaq via SPAC Merger with $1.25 Billion Valuation
Japan's Coincheck wants to become a publicly-traded company in the US.
Binance Invests $200M in Forbes ahead of SPAC IPO
Crypto exchange Binance is investing as much as $200 million in Forbes, through a new venture that will see the media unicorn go public listing in a merger with SPAC Magnum Opus.
BTC Mining Firm Griid to be Listed on NYSE, valued at $3.3B
Bitcoin mining company Griid announced that it will merge with Adit EdTech Acquisition Corp through a special purpose acquisition company (SPAC) to be listed on the New York Stock Exchange under the stock code "GRDI".
Bitcoin Mining Firm PrimeBlock Looks to Go Public Via $1.5B SPAC Merger
PrimeBlock is the latest Bitcoin mining company to announce plans to list its shares on a US public stock market through a merger with 10X Capital Venture Acquisition Corp II.
