Solid Power, the solid-state battery developer backed by Ford and BMW, is hitting the public markets running with a spike in stock price shortly after trading opened Thursday.
The company is one of a handful in the electric mobility space to have gone public via a merger with a blank-check...
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Ingrid Lunden / TechCrunch:
Mimecast, which makes email security tools, says PE firm Permira plans to take it private in a $5.8B all-cash deal; Mimecast has been public since 2015 — Nine months after competitor Proofpoint was scooped up by Thoma Bravo for $12.3 billion, Mimecast is also going...
Intel plans to take Mobileye, the advanced driver assistance and automated driving subsidiary it acquired for $15 billion more than four years ago, public next year.
Spinning Mobileye out into a separate publicly traded company could increase value for Intel shareholders, its parent company...
Lucas Matney / TechCrunch:
Lyft CFO Brian Roberts, who joined the company in 2014 and took it public, leaves to become CFO at NFT marketplace OpenSea — Lyft's long-time CFO Brian Roberts, who took the company public, announced Monday that he was departing the ride share company that he joined...
Julian E. Barnes / New York Times:
The head of US Cyber Command says the US military has “taken actions” against ransomware groups, the first public acknowledgement of the offensive measures — Gen. Paul M. Nakasone, the head of Cyber Command, said a new cross-functional effort has been...
For Shakirah Simley, executive director of Booker T. Washington Community Service Center, food and activism have always been intertwined
In How I Got My Job, folks from across the food and restaurant industry answer Eater’s questions about, well, how they got their job. Today’s installment...
Radhika Anilkumar / Reuters:
Canadian video platform Rumble, popular with right-wing users, will go public via SPAC at a $2.1B valuation and expects to raise around $400M — Canadian video platform Rumble Inc said on Wednesday it would go public by merging with blank-check firm CF Acquisition...
One day after announcing an amendment to its SPAC agreement, digital mortgage lender Better.com confirmed today that it is laying off roughly 9% of its nearly 10,000 person staff.
Doing the math, that amounts to about 900 people.
The company declined to comment beyond the following written...
Stephanie Condon / ZDNet:
AWS announces SageMaker Studio Lab, a free version of SageMaker in public preview to help customers with little experience build, train, and deploy ML models — At re:Invent, the cloud giant also announced a new $10 million AI & ML scholarship program for...
The world of additive manufacturing is not immune from the SPAC craze. Desktop Metal, Shapeways, Markforged and Velo3D have all either completed or announced plans to go public through the process. Austin-based Essentium this week highlighted plans to add its name to the growing list, courtesy...
Bloomberg:
Sources: China plans to ban companies from going public on foreign markets through variable interest entities, closing a loophole used by its tech companies — China is planning to ban companies from going public on foreign stock markets through variable interest entities …
Frank Chaparro / The Block:
Bitcoin mining firm Griid says it will go public via a SPAC in Q1 2022 at a valuation of around $3.3B, including debt — Bitcoin mining firm Griid is preparing to become the latest company in the crypto market to go public, the Ohio-based firm announced Tuesday.
Frederic Lardinois / TechCrunch:
AWS says four of its cloud-based analytics services, Redshift, EMR, MSK, and Kinesis, are now available as serverless and on-demand services in public preview — At its re:Invent conference, AWS today announced that four of its cloud-based analytics services...
Kris Holt / Engadget:
Twitter bans sharing private images and videos without consent, with exceptions for newsworthiness and public figures, and will remove reported offending media — Twitter has expanded its private information policy to include media, banning users from sharing photos or...
New York Times:
Profile of Twitter's new CEO Parag Agrawal, little known to the public and a Jack Dorsey confidant who has been involved in many big strategic initiatives — A longtime Twitter insider and a confidant of co-founder Jack Dorsey, Mr. Agrawal takes over as the social media company...