SPAC – Financial Treason & Crime

Michelle Celarier, 15 June 2021

Nate Anderson’s Hindenburg Research, the short activist firm that burst onto the scene last fall with an exposé of electric truck maker Nikola, is back with its fifth big takedown of a special-purpose acquisition company.

This time Anderson has set his sights on DraftKings, the online gambling site which went public in one of the hottest SPAC deals of 2020. His firm alleges that DraftKings has “extensive dealings in black-market gaming, money laundering, and organized crime.” Continue reading “Article: Hindenburg Research Shorts One of the Biggest SPAC Winners: DraftKings”

05/07/202105/08/2021

Article: CCIV Stock News: Lucid Motors CCIV shares rebound as weak jobs report means low rates forever!

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CCIV Stock News: Lucid Motors CCIV shares rebound as weak jobs report means low rates forever!

Ivan Brian, 07 May 2021

No in-depth technical analysis needed here just buy anything and don’t worry about it the Fed is in the market forever. That is the tone of equity markets post a terrible Friday jobs report as yields plunge. CCIV faces some resistance at $20 first before thinking about anything else higher. Chart is still bearish and this may be the case for future session but for now equities are loving zero rates for longer.

CCIV shares continue to retreat as the hype fizzes out of many retail meme stocks while the economy reopens. Traders are no longer confined to their rooms with screens and Robinhood to entertain them. The meme-stock universe is struggling to regain any sort of traction and with multiple ETFs suffering losses, redemptions cannot be too far away. This will put further pressure on the meme-stock segment. Continue reading “Article: CCIV Stock News: Lucid Motors CCIV shares rebound as weak jobs report means low rates forever!”

04/05/202104/17/2021

Article: Electric Car Co.’s $2.4B Deal Was Built On Lies, Investor Says

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Electric Car Co.’s $2.4B Deal Was Built On Lies, Investor Says

Lauren Berg, 05 April 2021

In the midst of its $2.4 billion merger with blank-check company Hennessy Capital, electric car maker Canoo waited until after the market closed to tell investors it was changing its business focus, causing its stock to plummet, according to a proposed class action filed Friday in California federal court.

In December, Los Angeles-based Canoo Holdings Ltd. went public in a merger with Hennessy Capital Acquisition Corp., but didn’t tell investors it was turning its focus away from the plan to sell vehicles through a subscription model and that it was de-emphasizing its engineering services business, according to the complaint filed by investor Justin Kojak. Continue reading “Article: Electric Car Co.’s $2.4B Deal Was Built On Lies, Investor Says”

03/29/202103/30/2021

Article: Why Is It Moving? Looking Into Why SeaChange International’s Stock is Trading Higher Today

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Why Is It Moving? Looking Into Why SeaChange International’s Stock is Trading Higher Today

Erin Clark, 29 March 2021

Hong Kong Is Set to Target First SPAC Listing by End of Year

(Bloomberg) — Hong Kong is expected to have its own blank check company listing framework ready in June for public feedback and targets allowing deals to start by the end of this year, according to people familiar with the matter.The city is looking at tighter rules for sponsors of special purpose acquisition company listings and their buy-out targets than those enforced in the U.S., said the people, who asked not to be named discussing internal deliberations. Continue reading “Article: Why Is It Moving? Looking Into Why SeaChange International’s Stock is Trading Higher Today”

05/10/2020

Subject: Paul M. Pion

Subject of Interest

Paul M. Pion has served as Chief Administrative Officer and Senior Managing Director of Cantor Fitzgerald & Co. (“Cantor”) since August 2010. Mr. Pion is also the Chief Financial Officer of Cantor Fitzgerald’s real estate business and CF Acquisition Company (SPAC). Mr. Pion previously served in numerous positions for Cantor including Global Director of Internal Audit from 2002 to 2010. Mr. Pion has been a director of Tower Bridge GP Limited since November 2010, BGC European GP Limited since January 2012 and was a director of BGC Brokers GP Limited from April 2012 until December 2019. Prior to joining Cantor, Mr. Pion served for approximately 14 years with the accounting firm Deloitte & Touche Pion holds Series 7 and 27 licenses and is a Certified Public Accountant in the State of New York. He received a B.S. in Accounting from the State University of New York at Albany.

Continue reading “Subject: Paul M. Pion”