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TipRanks, an AI-based stock tip evaluator created after its founder got burned by bad advice, sells for $200M to Prytek

TechCrunch: M&A

Prytek had already been a big investor in TipRanks since 2017, most recently leading a $77 million round in the company in 2021. © 2024 TechCrunch. All rights reserved. For personal use only.

Investors 259
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Ninth Circuit Applies Birnbaum Rule to Affirm Dismissal of Claims by SPAC Investors Asserted Against Target Company Executives for Pre-Merger Statements

JD Supra: Mergers

8, 2024), the United States Court of Appeals for the Ninth Circuit affirmed the dismissal of a securities class action brought by investors who purchased shares of the special purpose acquisition company Churchill Capital Corporation IV (“CCIV”) in early 2021 before it merged with Atieva, Inc. d/b/a Lucid Motors (“Lucid”) in July 2021.

Investors 177
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Alphabet quantum spin-out Sandbox AQ acquires Good Chemistry

TechCrunch: M&A

Good Chemistry, founded by Arman Zaribafiyan in 2021 as a spin-off of quantum computing company 1QBit and backed by investors including Green Sands Equity […] © 2023 TechCrunch. All rights reserved. For personal use only.

Equities 267
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SPAC Litigation: A Review of Recent Developments

JD Supra: Mergers

Following enhanced scrutiny from the Securities and Exchange Commission and the poor post-merger performance of many SPACs, the SPAC bubble burst in early 2021 as investors and dealmakers turned their attention elsewhere. By: Jones Day

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HMG uses national security powers to order the disposal of a UK company acquired by Chinese investor

JD Supra: Mergers

government has used its powers under the National Security and Investment Act 2021 (the UK’s version of CFIUS) to order a Chinese-registered firm to sell its stake in a British semiconductor company. By: Hogan Lovells

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The New UK Government, Industrial Strategy and the National Security and Investment Act

JD Supra: Mergers

At a meeting of business leaders and global investors in London in mid-October, Prime Minister Sir Keir Starmer told the audience that his government would "rip up" Britain's bureaucracy in a bid to unlock the "shock and awe of investment."

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GameStop's potential new strategy: Let Ryan Cohen buy other stocks with company cash

CNBC: Investing

The Chewy co-founder and investor is gaining even more power at GameStop, which was at the center of the meme stock craze of 2021.

Stock 145