Social Capital chief's blank check company completes health tech merger with Alkali Interactive SPAC merger
The merged companies are expected to begin trading as Alkili Inc. on Monday with the ticker symbol of AKLI.
That post sent the SPAC's stock soaring by more than 60% to all-time highs, peaking at $17.44 at one point. The shares had traded around $10 ever since it raised $220 million in a June 2021 initial public offering. SPACs raise money in IPOs with the hopes of taking a private company public in a reverse merger, like Social Capital Suvretta is doing with Alkili. But their investors have the option of getting a refund before the merger is completed. The average rate of such redemptions this year has been more than 75%.when it merged last month
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
DeSantis is allegedly 'awful' at stroking Silicon Valley donor egosDeSantis has to toe the line between Silicon Valley's elite and his populist supporters.
Lire la suite »
Related California secures $690M in construction financing to begin first phase of Tasman East residential project - Silicon Valley Business JournalThe first phase of Related California's ambitious plan that will ultimately bring as many as 1,650 residential units to Santa Clara can begin construction now that the company has secured $690 million in financing.
Lire la suite »
Trump CFO’s plea deal could make him a prosecution witnessDonald Trump’s chief financial officer is expected to plead guilty on Thursday to tax violations in a deal that would require him to testify about business practices at the former president’s company
Lire la suite »
Trump CFO’s plea deal could make him a prosecution witnessDonald Trump’s chief financial officer is expected to plead guilty on Thursday to tax violations in a deal that would require him to testify about business practices at the former president’s company
Lire la suite »
San Jose 1st graders learn code through teacher's revolutionary approachA Silicon Valley teacher has seemingly cracked the code in teaching young children as young as seven, how to think like programmers or software engineers.
Lire la suite »