Stratospheric balloon company World View to go public in $350M SPAC deal

World View, a startup developing stratospheric balloons for Earth observation and tourism, is heading to the public markets. The company announced Friday that it would merge with special purpose acquisition company (SPAC) Leo Holdings Corp. II in a deal worth $350 million, as the startup seeks to build out what it calls “the stratospheric economy.” […]

Stratospheric balloon company World View to go public in $350M SPAC deal by Aria Alamalhodaei originally published on TechCrunch

Canoo sends its EV pickup truck to the US Army for testing

Canoo, the beleaguered EV startup-turned-SPAC, has delivered its first “Light Tactical Vehicle” to the U.S. Army for a demonstration project aimed at showing how its modular electric platform can support mission-specific configurations for less money. Canoo has landed orders for its customizable platforms with a variety of customers, ranging from NASA to Walmart. The U.S. Army, […]

Canoo sends its EV pickup truck to the US Army for testing by Jaclyn Trop originally published on TechCrunch

Electric motorbike maker Zapp Electric Vehicles to go public via SPAC

UK-based electric two-wheeler manufacturer Zapp Electric Vehicles is merging with a blank-check company to become publicly traded on the Nasdaq at a post-money valuation of $573 million. Zapp says it will use the proceeds from the merger to bring its long-awaited i300 high performance, seated city scooter to market. The i300 was initially revealed back […]

Electric motorbike maker Zapp Electric Vehicles to go public via SPAC by Rebecca Bellan originally published on TechCrunch

HyperloopTT’s SPAC public debut may be going nowhere fast

Hyperloop Transportation Technologies (HyperloopTT) has entered into a definitive merger agreement with special purpose acquisition company (SPAC) Forest Road Acquisition Corp. II, which is led by former Disney executives Tom Staggs and Kevin Mayer. The combined company will list shares at a pre-money valuation of $600 million. In theory, hyperloop technology is a vacuum tube-based […]

HyperloopTT’s SPAC public debut may be going nowhere fast by Rebecca Bellan originally published on TechCrunch

Bird tells SEC it overstated revenue for two years

Micromobility company Bird said Monday it had overstated its revenue for more than two years by recognizing unpaid customer rides. Bird’s audit committee found on Friday that the company’s financial reports spanning the first quarter of 2020 through the second quarter of 2022 “should no longer be relied upon,” according to a U.S. Securities and […]

Bird tells SEC it overstated revenue for two years by Jaclyn Trop originally published on TechCrunch