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Energy Vault to go public in SPAC deal

By   /  Thursday, September 9th, 2021  /  Banking & Finance, East Ventura County, Energy, Green Coast, Latest news, left, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Energy Vault to go public in SPAC deal

Westlake Village-based Energy Vault will go public after entering into an agreement with the special purpose acquisition company Norvus Capital Corp., in a deal worth up to $388 million. The combined company will have an enterprise value of about $1.1 billion once the deal is complete, according to a Sept. 9 news release from Energy Read More →

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Opinion: Why investors fell in love with SPACs — and how the bubble burst

By   /  Thursday, July 1st, 2021  /  Banking & Finance, Latest news, Op/Eds, Opinion  /  Comments Off on Opinion: Why investors fell in love with SPACs — and how the bubble burst

By Daniele D’Alvia, Queen Mary University of London What do Taylor Swift’s record company and Asian “superapp” Grab have in common? They are both part of Wall Street’s recent deal-making fad: special purpose acquisition companies (SPACs). SPACs are shell companies that are floated on the stock market with one purpose: to buy another company. This Read More →

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