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Jupiter Wellness Gets SPAC-tacular with Successful De-SPACing of CJET on Nasdaq

TLDR:
Jupiter Wellness has de-SPACed and launched its sponsored SPAC, CJET, trading on Nasdaq, with 1.66 million shares and 144,000 CVRs. The company’s commitment to innovative growth strategies in health and wellness, and its product pipeline, represent a bold, innovative mission of health and wealth for its investors and shareholders.

Jupiter Wellness, a company with its head in the clouds, has successfully de-SPACed and launched its sponsored Special Purpose Acquisition Company (SPAC), now trading on Nasdaq under the ticker symbol CJET. This daring maneuver clearly demonstrates the company’s commitment to innovative growth strategies and broadening its investment portfolio. After all, who wouldn’t want a piece of a pie that covers hair loss, psoriasis, and vitiligo?

The de-SPAC process, which was completed on June 2, 2023, has left Jupiter with a whopping 1,662,434 million CJET shares and a generous side of 144,000 Conditional Stock Acquisition Rights (CVRs). These CVRs may entitle the company to receive up to 2.36 million additional shares, should the stars align in their favor. As of Monday’s close, CJET shares were trading at a celestial $5.90 per share.

Now, let’s not forget that Jupiter Wellness is a diversified company supporting health and wellness through research and development of over-the-counter (OTC) products and intellectual property. In layman’s terms, they’re metaphorically walking on water, hoping to soothe the ailments of the masses with their potions and lotions. Now with this recent de-SPAC transaction, it seems they’ve unlocked the secrets of the universe, or at least successfully navigated the SPAC cosmos.

As Jupiter’s CEO Brian John remarked, “We firmly believe in the strategy and leadership of Chijet, and we are excited about the possibilities that this de-SPAC brings to Jupiter’s shareholders, which can now finally be recognized as an asset on Jupiter’s balance sheet.” You can almost feel the pride and confidence radiating from his words like rays of sunshine on a chilly winter day.

Jupiter Wellness generates revenue through the sales of OTC and consumer products, as well as licensing royalties. With this new venture into the unknown, they have boldly gone where no company has gone before, or at least found a clever way to make a quick buck. Although their product pipeline is a mixed bag of tricks, it shows a genuine desire to innovate and improve the health and wellbeing of their customers.

So, what does this all mean for the average Joe and Jane investor? Well, for one, it’s an opportunity to get on board a rocket ship to new heights of wellness and wealth. Interested investors and shareholders are encouraged to sign up for email alerts, or follow the company on Twitter and LinkedIn for press releases and industry updates. It’s the digital age, after all, and who wouldn’t want to stay connected with a company that’s aiming for the stars?

As we look to the future, it’s clear that Jupiter Wellness is a company that refuses to be content with their feet firmly planted on earth. They’re reaching for the heavens, and with their recent de-SPAC transaction, they’ve taken one giant leap for mankind, or at least their shareholders. Time will tell if this celestial endeavor pays off, but for now, we salute Jupiter Wellness and their bold, innovative mission of health and wealth.

In conclusion, the successful de-SPAC of Jupiter Wellness’ sponsored SPAC, CJET, serves as a testament to the company’s commitment to innovative growth strategies and its willingness to explore uncharted territory in the health and wellness sphere. As investors and shareholders eagerly watch from the sidelines, one can’t help but wonder if Jupiter Wellness has truly unlocked the secrets of the universe or merely stumbled upon a lucrative opportunity. Whatever the future holds, it’s clear that the sky’s the limit for this ambitious company.

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Super Oops: Betting on a Blank-Check Merger Ends in Lawsuit Against SGHC Architects

TLDR:
Investors file a lawsuit accusing former Goldman Sachs and NFL executives involved in misleading shareholders in the Super Group merger. Despite the legal challenges, Super Group remains committed to resolving the issue and continuing to grow.

Ladies and gentlemen, gather ’round for the latest legal circus in town. Investors have filed a lawsuit against the masterminds behind the blank-check merger between Super Group (SGHC) and a shell entity. It appears some sneaky insiders managed to trick shareholders into approving a rather rotten deal.

The merger took place through Sports Entertainment Acquisition Corp., a special purpose acquisition company that partnered with Super Group to go public. But, alas, not everyone is cheering from the stands. The lawsuit accuses former Goldman Sachs and NFL executives involved in the merger of misleading shareholders and violating fiduciary duties. Looks like someone fumbled the ball.

Super Group, known for its digital sports betting platform Betway and online casino Spin, is no stranger to the limelight. But now they find themselves in a legal quagmire, with many investors questioning the decisions made at the time of the merger. This class action lawsuit, taking place in the Delaware Supreme Court, is the latest in a series of ongoing legal challenges to such transactions.

In response, Super Group has expressed their commitment to resolving the issue, working closely with their legal team, and upholding high standards of integrity and transparency. The company still believes in a bright future and plans to continue growing and expanding. So, fear not, dear customers and shareholders, for they remain dedicated to providing the best possible experience.

Now, despite this unfortunate setback, Super Group remains optimistic. Amidst the chaos of lawsuits and accusations, they soldier on, determined to bounce back stronger than ever. After all, if there’s one thing you can rely on in this unpredictable world, it’s that the house always wins.

In a delightful twist, it seems that investors have turned the tables on the architects of the Super Group merger. The proposed class action lawsuit in Delaware’s Chancery Court accuses the finance and sports industry veterans of duping shareholders into approving a lousy deal that made insiders rich. What a tangled web of intrigue!

It’s worth pondering, though, whether the merger could’ve been pulled off without the involvement of such high-profile figures from Goldman Sachs and the NFL. One might say that their experience and connections were an irresistible bait, luring unsuspecting investors into a trap. But hey, hindsight is 20/20.

In conclusion, the lawsuit against the creators of the Super Group merger is a prime example of the age-old adage: “There’s no such thing as a free lunch.” Mergers and acquisitions may promise a world of growth and riches, but they can also lead to murky waters with ominous creatures lurking beneath the surface.

But let’s not dwell on the darker side of things. Super Group remains undeterred, committed to their mission, and determined to provide the best experience for their guests. With their unwavering dedication to integrity and transparency, we can only hope that they’ll navigate these treacherous waters and sail triumphantly into the sunset.

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SPAC-pocalypse: From Talk of the Town to Toast of Liquidation Town, Refunds Galore!

TLDR:
SPAC era ends as investors celebrate liquidations; high-profile investors like Chamath Palihapitiya and Alec Gores liquidate their SPACs, returning funds to investors. Exciting developments in technology, automotive, and healthcare industries offer new opportunities for investment in 2024.

Ladies and gentlemen, gather ’round as we bid adieu to the SPAC era, which has finally come to a screeching halt. This year, nearly $30 billion of these “blank check” companies’ funds have already been returned to investors, outpacing the $45 billion liquidated in 2022. But fear not, for every cloud has a silver lining, and in this case, it’s the fact that not everyone is in mourning. Some are actually celebrating the end of the SPAC era as if they’d just found a golden ticket.

The dwindling number of acquisition-worthy companies has left high-profile investors like Chamath Palihapitiya, Alec Gores, Gary Cohn, and big shots such as KKR & Co. and TPG Inc. no choice but to liquidate their SPACs and return money to investors. But, as a wise person once said, “One man’s trash is another man’s treasure.” The end of the SPAC era may be music to some people’s ears, especially those who view liquidations as a good thing.

According to Kristi Marvin, founder & CEO of SPACInsider, “You don’t want a sponsor team to drag a deal across the finish line just to get it done.” With a responsible attitude, SPAC sponsors are giving investors what they truly want – liquidation rather than a forced deal. That’s right, folks, break out the party hats and confetti, because investors are breathing a sigh of relief, getting their money back plus interest, and thanking their lucky stars they didn’t spend it on NFTs.

Now, don’t let the end of the SPAC era dampen your spirits, because 2023 has been a rollercoaster of a year for the business world. It’s been a rough start, with debt ceiling issues and bank failures causing chaos. However, it would be a disservice to focus only on the doom and gloom when there have been some truly exciting developments this year.

In the realm of technology, Apple Inc. is leading the charge with innovative products and services that have people lining up around the block. The latest iPhone release had consumers flocking to stores, while the new iPad and MacBook only solidified Apple’s position as the one-stop-shop for all things tech.

Meanwhile, the automotive industry has been electrifying, with electric vehicles making waves and companies like Tesla at the forefront. Their Model Y was a hit, and Tesla’s expansion into new factories in Texas and Germany only served to further cement their status in the industry.

Last but not least, let’s not forget the healthcare industry, which has been a beacon of hope in the ongoing fight against the COVID-19 pandemic. Pfizer BioNTech’s vaccine has been a game-changer, and numerous companies are hard at work developing new treatments and vaccines to ensure a brighter, healthier future for all.

So, as we bid farewell to 2023 and welcome 2024 with open arms, let’s raise a glass to the end of the SPAC era and the new opportunities that lie ahead. The technology, automotive, and healthcare industries are thriving, and the future is ripe with potential. And remember, always be cautious with where you invest your hard-earned money – especially when it comes to NFTs.

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Bank on It: Western Alliance Ain’t Going, PacWest Ponders Sale, and First Horizon Dodges the TD Merger Mess

TLDR:
Western Alliance denies sale rumors, PacWest Bancorp explores strategic options including potential sale.
JP Morgan acquires First Republic for $10.6 billion, while First Horizon and TD Bank call off proposed merger.

Well, folks, it’s another rollercoaster week in the world of banking, and I’m here to give you the highlights. For starters, Western Alliance has decided to play a little game of “deny, deny, deny” when it comes to those pesky rumors of a potential sale. Yes, the market may be turbulent, but they’ve reassured investors that they’re not considering any strategic options, and that their footing is as solid as their 26% drop in shares this week. Bravo!

On the other hand, PacWest Bancorp has admitted that they’re playing the field, exploring some strategic options – including possibly selling themselves off. It seems their shares took a 43% nosedive this week, so the market is keeping a keen eye on this developing story. Maybe it’s time for a good old-fashioned bank swap.

But wait, there’s more! JP Morgan has graciously decided to acquire First Republic, with the Federal Deposit Insurance Corporation blessing the union. They’ll be shelling out a cool $10.6 billion to the FDIC, while also providing a $50 billion, five-year fixed-rate loan facility. Sounds like a match made in banking heaven. The deal is expected to be slightly accretive to earnings per share and add more than $500 million in annual net income. Not too shabby, JP!

Alas, not every marriage is meant to be. First Horizon and TD Bank have called it quits on their proposed merger, with both parties agreeing to go their separate ways. The breakup announcement sent First Horizon’s share price tumbling down more than 33% on Thursday. But don’t worry, the bank is confident it’ll bounce back – just like every newly-single person hitting the dating market again.

Finally, Apollo managed to put a ring on it with Arconic, and their shares rose more than 28% after the acquisition was announced. Arconic shareholders will be walking away with a nice $30.00 in cash per share, which values the company at around $5.2 billion. Not too shabby for a company with a name that sounds like it should be exploring space instead of dealing with metals.

In the ever-changing landscape of banking, it seems there’s never a dull moment. InvestingPro subscribers have the privilege of being the first to know about these market-shaking updates, ensuring they can react faster than you can say “stock market.” If you’re not subscribed yet, what are you waiting for? Sign up for a 7-day free trial and never miss a beat.

As we look forward to next week, who knows what surprises the world of business will have in store for us? Will Western Alliance continue to deny rumors until they’re blue in the face? Will PacWest Bancorp find a new partner in the banking dance? And will First Horizon recover from their broken heart and soar once more? Only time will tell, but one thing’s for sure – it’s never a dull day in the world of finance.

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Electrolympics: Schmid Group & Pegasus Digital Mobility Tag-team to Shake Up Electronics Arena, Hold Onto Your Gadgets!

TLDR:
Schmid Group and Pegasus Digital Mobility Acquisition Corp. merge with a combined value of $640 million and the backing of four prestigious law firms, promising a buffet of cutting-edge products and services, from virtual reality to robotics. They are committed to pushing the boundaries of what’s technologically possible, fueled by their insatiable appetite for innovation.
The merger heralds a thrilling new chapter for both companies, with unbridled potential and groundbreaking discoveries on the horizon, promising a treasure trove of innovative products and services that will reshape the way we live, work, and play.

Ladies and gentlemen, gather ’round, for the electronics industry is about to get a whole lot more intriguing. German electronics giant Schmid Group and acquisition aficionado Pegasus Digital Mobility Acquisition Corp. have joined forces in a merger that promises to be quite the showstopper. In this union of innovation and ingenuity, we can expect nothing short of a technological renaissance. So, grab your popcorn and 3D glasses, because things are about to get interesting.

With a combined value of $640 million and the backing of four of the world’s most prestigious law firms, Schmid Group and Pegasus Digital Mobility Acquisition Corp. are poised to make a splash in the global electronics market. Together, they’ll be crafting a buffet of cutting-edge products and services, guaranteed to satiate even the most ravenous techno-cravings. From virtual reality to robotics, the possibilities are seemingly endless. One thing’s for sure: when it comes to the latest and greatest electronic gizmos, these folks mean business.

Now, you might be asking yourself, “What can I, a mere mortal consumer, expect from this titanic merger?” Well, friends, you’re in for a real treat. Schmid Group and Pegasus Digital Mobility Acquisition Corp. are determined to push the boundaries of what’s technologically possible, fueled by their insatiable appetite for innovation and a steadfast commitment to excellence. So, whether you’re in the market for the newest virtual reality gadget, a cutting-edge robot, or a disruptive digital platform, look no further than this dynamic duo.

This merger marks the beginning of a thrilling new chapter for both companies, one filled with unbridled potential and groundbreaking discoveries. Schmid Group and Pegasus Digital Mobility Acquisition Corp.’s shared vision of a technologically-advanced utopia is seemingly within reach, driven by their combined strengths and expertise. So, buckle up, folks: the future of electronics has arrived, and it’s about to take us on one wild ride.

In the coming weeks and months, we can expect a flurry of exciting news and updates from the Schmid Group and Pegasus Digital Mobility Acquisition Corp. partnership. Will they unveil a virtual reality device that transports us to new dimensions? Perhaps they’ll reveal a robot capable of cooking up a gourmet meal or tending to our every whim. Whatever it is, we can rest assured that the resulting innovations will be nothing short of revolutionary.

In conclusion, the thrilling partnership between Schmid Group and Pegasus Digital Mobility Acquisition Corp. is a game-changer for the electronics industry. As they embark on this electrifying journey together, we can expect a treasure trove of innovative products and services that will reshape the way we live, work, and play. So, to all the tech enthusiasts out there, it’s time to fasten your seatbelts and hold on tight because the future of electronics is here, and it’s nothing short of extraordinary.

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Buffet’s Banking Bummer: “So Messed Up” Incentives Make Berkshire Cautious, Local Banks Still A-OK

TLDR:
Berkshire Hathaway is cautious about the banking sector and has sold bank shares in the past six months. They still own Bank of America but are wary of the system and banking regulations. First Republic’s heavy losses in government-guaranteed debt have highlighted the risks of unguaranteed home loans in the banking industry.

Ladies and gentlemen, today we bring you some banking news that really tickles my funny bone. As you may know, Warren Buffett, the Oracle of Omaha, mentioned that Berkshire Hathaway is cautious about its banking sector. But why, you might ask? Well, let me explain. Buffett said the news flow surrounding federally insured deposits is scant. The public remained confused about what would happen if a bank failed, and the media, bless their hearts, was of little help. I’ve even seen bank failures. Some may think that the bank is in trouble, that the system is not working. But we are confident in our banking sector. The US government and US people don’t care that banks fail, and people actually lose their deposits. There was a demonstration project at Silicon Valley Bank over the weekend, but the public is still confused.

As of the end of 2022, 89% of SVB’s $175 billion deposits were uninsured, while the US banking system, in its infinite wisdom, protected depositors with a “systemic risk exemption.” This exemption applied even to depositors with accounts greater than $250,000. As you know, Berkshire has about $128 billion in cash and Treasury bills. If the banking system somehow temporarily malfunctions, we want to be there. Buffett said one reason we’re cautious is that the bank regulatory stimulus is “messed up.” First Republic Bank, the last US community bank to fail, announced in its annual report that it is offering jumbo-sized unguaranteed home loans at fixed interest rates. Referring to his father’s loss of his job in a bank run in 1931, Buffett said, “That’s what the First Republic did, it’s blatant, and the world ignored it until it exploded. “Bank regulation incentives are so messed up, and so many people are interested in screwing them up.” That’s why we’re very cautious about ownership in situations like this.”

Don’t get me wrong, we’re not completely out of the banking sector yet. We still own Bank of America, and Buffett is happy with that, he said. However, it has sold bank shares in the last six months after selling some when the pandemic hit. Buffett sits behind a sign that says “Available for Sale” to comment, while his longtime business partner Charlie Munger sits behind a “Hold to maturity” sign to warn the bank that the regional banking crisis is on its way. Seized by regulators and sold to JP Morgan, First Republic suffered heavy losses in its held-to-maturity investment portfolio, primarily government-guaranteed debt.

I know some people are worried about their money at their local bank. But Buffett isn’t personally concerned about local banks. “I have my own money. It’s probably over the FDIC limit. I keep it in my local bank, but I’m not at all concerned.” Berkshire Hathaway is cautious in its banking sector, but we are still there, and I’m sure the system will work for many years. Thank you for your attention. We look forward to bringing you more news in the future.

It was quite an emotional roller coaster. First, we hear that Warren Buffett and Berkshire Hathaway are wary of the banking sector. Then I heard they were still stuck with Bank of America and didn’t personally care about their money at their local bank. The fact is that the message around deposits has been bad and has caused panic among depositors and three mid-sized banks since March. I don’t know about you, but I suddenly had the urge to hide all my money under my mattress. Just kidding, I stick to trusted banks. Or do I? More and more banks seem to be taking risks with unguaranteed home loans and fixed interest rates. Is this a ticking time bomb waiting to explode in the face of the banking industry? Only time will tell. But one thing’s for sure, Warren Buffett’s dry wit and blunt honesty will keep us entertained and informed.

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Stem Cell Slytherins Unite: Calidi’s Trojans Merge with FLAG for a Cancer-Kicking Bonanza

TLDR:
Calidi Biotherapeutics plans to merge with First Light Acquisition Group (FLAG) and trade on NYSE American starting in July, with an expected valuation of $335 million and total proceeds of up to $82 million, aiming to revolutionize cancer treatment with its allogeneic stem cell-based technology. Calidi’s universal delivery system brings the price down from $500,000 to under $10,000, offering a revolutionary and inexpensive solution for treating cancer.

Ladies and gentlemen, gather around, for I have some thrilling news. If you’ve been waiting for stem cell-based oncolytic virus delivery platform companies to merge with special purpose entities, then today is your day! Calidi Biotherapeutics plans to join forces with First Light Acquisition Group (FLAG) and trade on the NYSE American under the ticker symbol “CLDI” starting in July. With an expected valuation of a cool $335 million, total proceeds from the transaction could reach up to $82 million. You know what they say, nothing says cutting-edge medical technology like a few extra million dollars.

The merger with FLAG will give Calidi the opportunity to tap into an extensive network and operational experience, addressing missions of national and global importance in the United States. This comes after Calidi’s previous merger attempt with Edoc Acquisition Corp, which ended prematurely due to Edoc’s inability to meet all the conditions in time. Well, you know what they say, if at first you don’t succeed, try merging with another company.

Calidi’s CEO, Allan Camaisa, is understandably excited about the partnership with FLAG. Their allogeneic stem cell-based technology could revolutionize cancer treatment, and they’re working with the federal government to fund these therapies. General James Cartwright, who served as Vice Chairman of the Joint Chiefs of Staff under two presidential administrations, is part of FLAG’s team. That’s right, folks – the military might help us fight cancer!

The California Institute for Regenerative Medicine (CIRM) has awarded Calidi a $3.1 million grant, while City of Hope received a $12 million grant for a clinical trial to evaluate Calidi’s licensed NeuroNova platform in patients with advanced brain cancer. Now, if that’s not progress, I don’t know what is.

Calidi has two therapies in clinical development – NeuroNova and SuperNova – which use stem cell-protected oncolytic viruses to target cancerous tumors. CEO Camaisa describes stem cells as a “Trojan horse” that hides viruses from the body’s immune system. Now, who wouldn’t want a sly little Trojan horse to help them fight cancer?

Unlike personalized delivery systems that cost up to $500,000 per patient, Calidi’s therapeutic approach is a universal delivery system. They aim to bring the price down from $500,000 to under $10,000 and even hundreds of dollars in the future. It’s a revolutionary and inexpensive solution for treating cancer, giving everyone a chance to access cutting-edge clinical trials and approved drugs, not just the wealthy with exceptional insurance programs.

Calidi’s master stem cell bank was derived from liposuction of mesenchymal stem cells from healthy adult adipose tissue (waist fat). So, the next time you’re feeling guilty about that extra piece of cake, remember that your love handles are just a stem cell goldmine waiting for their chance to shine.

In conclusion, the merger of Calidi Biotherapeutics and First Light Acquisition Group is a beacon of hope for cancer patients and investors alike. With their innovative stem cell-based technology and strategic partnerships, Calidi is on the cutting edge of revolutionizing cancer treatment. And with a goal of making these treatments affordable and accessible for everyone, they’re truly committed to changing lives. So, here’s to Calidi Biotherapeutics and their tireless efforts to bring life-changing treatments to patients around the world.

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DWAC’s SPAC-tacular Adventure: Trump’s Social Media Comeback & the Road to 2024

TLDR:
DWAC stock is expected to rise due to its merger with TMTG, which will bring Truth Social to the public market, promising a platform for free expression. Traders should watch for bullish and bearish signals to predict future direction.

Ladies and gentlemen, let me introduce you to a thrilling tale of stock market shenanigans: Digital World Acquisition Corp (DWAC). This week, DWAC took quite the rollercoaster ride, soaring nearly 8% before taking a wee 3% dip on Friday. What makes this special purpose acquisition company (SPAC) so interesting, you ask? Well, it’s set to bring former President Donald Trump’s Trump Media and Technology Group (TMTG) to the public market.

Now, why would anyone care about Trump’s latest venture? The answer is simple. It revolves around the much-anticipated social media platform, Truth Social. Promoted as the antidote to Facebook and Twitter’s censorship, Truth Social promises a safe haven for free expression. Millions of people are itching for a platform where they can vent their unfiltered opinions, and Trump’s brainchild might just be it.

But there’s more to this story. Our former Commander-in-Chief is considering another run for the presidency in 2024. Like a moth to a flame, Truth Social could be the catalyst for his campaign, reaching out to voters and amplifying his message. And let’s not forget the scandals, lawsuits, and criminal cases that follow Trump like a lost puppy. Curious to hear his thoughts on these matters? Truth Social is the place to be.

So, what does this all mean for DWAC? Once the SPAC and TMTG merge, Truth Social will effectively become a public company. Traders are already predicting an influx of interest in the platform as the 2024 election approaches. But it’s not just elections that spark interest in Truth Social. People are craving an uncensored platform, and Trump’s creation seems to be the answer to their prayers.

Now, let’s talk about DWAC’s stock. As I mentioned earlier, it fell slightly on Friday. Fear not, my friends. This is a mere healthy consolidation. Interest in the stock has recently been on the rise, and Friday’s drop was driven by below-average trading volumes. In other words, traders are not bearish on the stocks; they’re just biding their time.

To predict future direction, traders should watch for above-average volumes to see if the stock breaks up or down from Thursday’s key price. A breakout from the pattern could indicate a trend reversal and a new uptrend forming. On the other hand, a significant drop in volume and a break below $12.60 might suggest that the recent rally is a bullish trap, and the downtrend will continue.

In conclusion, keep a close eye on DWAC. Its impending union with Truth Social has got investors all aflutter, and rightly so. People want a platform that allows them to express their opinions freely, and Truth Social promises just that. Plus, with Trump possibly running for president again in 2024, the platform is sure to play a pivotal role in his campaign.

However, remember to trade wisely and pay attention to bullish and bearish signals. The stock market is a fickle friend, and DWAC’s story is no exception. Great things may be on the horizon for this SPAC, but only time will reveal what the future holds. Until then, hold onto your hats and watch this space, as the trading games commence.

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VinFast and Furious: Vietnamese Automaker Revs Up for SPAC-tacular $27B Public Debut

TLDR:
VinFast, a Vietnamese automaker, is going public through a SPAC merger with Black Spade Acquisition Co with an estimated valuation of $27 billion and a neat $10.00 expected value for each common share, and may issue up to $50 million worth of “free bonus” ordinary shares to its employees if certain conditions are met. With a focus on EVs, VinFast is confident in its ability to achieve greater success and become a major player on the global stage.

Ladies and gentlemen, hold onto your hats, because VinFast, the Vietnamese automaker known for pushing the boundaries of the automotive industry, is going public through a SPAC merger with Black Spade Acquisition Co. This news may come as a shock to some, as enthusiasm for SPAC mergers has taken a nosedive, much like the stock prices of other companies that went public through the same route. But hey, who doesn’t love a bit of risk?

With an estimated valuation of a whopping $27 billion and an equity value of $23 billion, VinFast seems to have taken the old adage “go big or go home” quite literally. The merger is set to close in the second half of 2023, and the value of each common share in VinFast is expected to be a neat $10.00. With such a generous valuation, it’s no wonder that VinFast employees might be receiving some hefty bonuses if certain conditions are met.

For instance, if VinFast’s consolidated revenue for fiscal year 2023 reaches at least $1.875 billion, the company may issue up to $50 million worth of “free bonus” ordinary shares to its directors, executives, managers, and employees. Talk about a bonus that could make anyone forget about the SPAC merger risks.

VinFast has already proven itself capable of entering international markets quickly, and the merger with Black Spade creates a perfect opportunity to raise capital for future global ambitions. The CEO of VinFast Auto, Madam Thuy Le, sees this partnership as an important accomplishment for Vingroup, the parent company of VinFast. With a wide range of electric vehicles with up to 348 horsepower, including the VF 6 and VF 7, VinFast is ready to pave the way for other automakers.

Admittedly, following in the footsteps of Lordstown and Faraday Future, whose share prices took a tumble after going public via SPAC, may not sound ideal. But VinFast is confident that it can pull off a successful merger and achieve greater success. After all, with such a superior portfolio of electric vehicles (EVs) and innovative automotive technologies, who are we to doubt their ambitious mission?

The future of VinFast and the global automotive industry undoubtedly holds many surprises. As the world shifts towards more sustainable and eco-friendly transportation options, VinFast’s focus on EVs positions them to become a major player on the global stage. This merger with Black Spade Acquisition Co is just the beginning of an exciting new chapter for VinFast.

So, to all those skeptics out there, don’t let the past failures of other SPAC mergers cloud your judgment. VinFast is determined to leave its mark on the automotive industry and has shown no signs of slowing down. As the saying goes, “fortune favors the bold,” and VinFast is certainly not lacking in boldness.

In conclusion, the VinFast and Black Spade Acquisition Co. merger is a thrilling development in the automotive industry. It’s a high-stakes game of risk and reward, but with VinFast’s impressive portfolio of EVs and its aggressive expansion plans, it’s a gamble that just might pay off. While the outcome remains uncertain, one thing is for sure: the automotive world is in for a wild ride, and VinFast is ready to take the wheel.

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Dave Matthews Band’s NY Tour: Moonwalking to Upstate, Wheezing Wallets Optional

TLDR:
The Dave Matthews Band is set to tour upstate New York in 2023, with shows starting on June 14 and continuing on July 14 and 15. Their new album, “Walk Around the Moon”, will be released on May 19, featuring 12 original songs and fresh musical elements.

Ladies and gentlemen, hold onto your hats, because the Dave Matthews Band is back in business. Yes, that’s right – the legendary group plans to grace upstate New York with their presence in 2023, offering a much-needed dose of nostalgia and good vibes. The tour kicks off on June 14 at the Darien Lake Amphitheater near Buffalo and continues with a double whammy at the Saratoga Performing Arts Center (SPAC) in Saratoga Springs on July 14 and 15.

Now, you might be wondering why the band has decided to bless us with their presence once more. Well, it just so happens that they’ve got a new album in the works. “Walk Around the Moon” is set to be released on May 19 and features 12 original songs, making it their 10th studio album. So, not only will fans get to bask in the comforting glow of the band’s signature sound, but they’ll also be treated to some fresh tunes and intriguing musical elements.

Getting your hands on a ticket to one of these shows is, understandably, a top priority for many. Luckily, tickets are already available on LiveNation, with lawn seats starting at a cool $65.20 for all three performances. But fear not, frugal music lovers – resale sites like StubHub, Vividseats, SeatGeek, and more offer tickets, sometimes at more budget-friendly prices. Just remember to pack your binoculars if you’re opting for the cheaper seats.

To make your ticket hunt a little easier, we’ve compiled a price list for each show on the following websites:

StubHub offers lawn tickets starting at $68 for the June 14 show, with section seats starting at $112. For the July 14 and 15 concerts, lawn tickets start at $64 and $58, respectively, and section seats start at $112 and $125.

VividSeats has similar pricing, with lawn tickets starting at $67 for the June 14 performance and section seats starting at $99. For the July 14 and 15 shows, lawn tickets start at $59 and $61, respectively, and section seats start at $111 and a slightly steeper $234.

SeatGeek, on the other hand, offers the cheapest lawn tickets, starting at $57 for the June 14 show and $55 and $53 for the July 14 and 15 concerts. However, their section seat prices are a bit heftier, ranging from $144 to $304.

If you’re still on the fence about attending one of these magical performances, don’t forget that summer is a prime time for concerts in upstate New York. To help you make up your mind, check out our articles on shows featuring Young the Giant, Chris Stapleton, Thomas Rhett, and Toosii. And, as always, stay tuned for more exciting news and updates on all things music-related.

In conclusion, the upcoming Dave Matthews Band tour and album release is an exciting prospect for fans and music enthusiasts alike. With a range of ticket prices available across various platforms, there’s no reason not to indulge in the experience of seeing this iconic band perform live once more. So, don your favorite band shirt, brush up on the lyrics, and get ready for a night (or three) of musical bliss with the Dave Matthews Band.

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