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BigBear.ai (NYSE: BBAI) went public by merging with a special purpose acquisition (SPAC) company on Dec. went public, it provided some ambitious growth targets in its pre-merger presentation. notably integrated Palantir 's Foundry services into its three main modules in late 2021. and climbed to an all-time high of $16.12
Uber subsequently spun off Serve Robotics as an independent company in 2021, but it continued using its delivery robots to fulfill orders in select areas across Los Angeles. Serve Robotics executed a reverse merger with the blank-check company Patricia Acquisition in 2023, which paved the way to its Nasdaq listing at $4 a share on April 18.
The company was created through the merger of analytics company BigBear and systems integrator NuWave by private equity firm AI Industrial Partners. Two other analytic companies were later added to the mix, and the company went public via a special purpose acquisition company ( SPAC ) back in 2021. government defense industry.
The private equity firm has not disclosed financial returns from the exit. Endless created Karnova Food Group through the acquisitions of Yorkshire Premier Meat in 2022 and Smithfield Murray in 2023. The combined business now generates over 135m in revenue, according to a statement from Endless. Can`t stop reading?
If the deal is approved, it will instantly shoot into the top-five largest software acquisitions ever. Salesforce added Slack for just shy of $28 billion in 2021. Numerous small tuck-in acquisitions have been key, and Cisco has done a bang-up job. If the merger were to take place today, Cisco would nearly double its $3.9
BigBear.ai (NYSE: BBAI) , a developer of data mining and analytics tools, went public by merging with a special purpose acquisition company (SPAC) on Dec. Its investors retreated as its growth cooled off, it broadly missed its pre-merger targets, and it racked up steep losses. In November 2021, BigBear.ai on April 13, 2022.
It expects its revenue to grow at least 74% in 2024 and rise by more than 88% from that baseline in 2025 as it expands its ecosystem with more acquisitions. Evolv went public through a reverse merger with a blank-check company in July 2021. million in 2021 to $132.3 Metric 2021 2022 2023 Revenue $23.7 million $55.2
VinFast Auto (NASDAQ: VFS) briefly became one of the market's hottest electric vehicle stocks when it went public by merging with a special purpose acquisition company (SPAC) last August. Like many other SPAC-backed EV makers, it ran of of juice as it missed its pre-merger targets and racked up steep losses. just two weeks later.
The quantum computing startup went public by merging with a special purpose acquisition company (SPAC) on Oct. 1, 2021, and its stock opened at $10.60 IonQ was one such company that missed its pre-merger expectations from 2021 to 2023. IonQ (NYSE: IONQ) has taken its investors on a wild ride over the past three years.
The specialist in audio and speech recognition software went public by merging with a special purpose acquisition company on April 28, 2022. That trajectory is impressive, but management originally claimed the company could generate $255 million in revenue in 2024 during a pre-merger presentation in late 2021.
went public by merging with a special purpose acquisition company ( SPAC ) on Dec. SentinelOne went public via a traditional initial public offering (IPO) at $35 a share on June 30, 2021 but now trades at less than $20. The 10 stocks that made the cut could produce monster returns in the coming years. Its stock opened at $9.84
Rocket Lab USA (NASDAQ: RKLB) , the creator of the Electron orbital rocket, went public by merging with a special purpose acquisition company (SPAC) three years ago. Like many other SPAC-backed companies, Rocket Lab set the bar too high during its pre-merger investor presentation. How fast is Rocket Lab growing?
IonQ (NYSE: IONQ) has been a divisive stock ever since it went public by merging with a special purpose acquisition company (SPAC) on Oct. after its merger and nearly tripled to its all-time high of $31 on Nov. It also broadly missed its own pre-merger estimates. IonQ's stock opened at $10.60 Image source: Getty Images.
QuantumScape (NYSE: QS) and ChargePoint Holdings (NYSE: CHPT) were both red-hot stocks during the buying frenzy in electric vehicle (EV) stocks in late 2020 and early 2021. QuantumScape, a developer of solid-state batteries, merged with a special purpose acquisition company (SPAC) in November 2020. Its shares opened at $24.80
Archer Aviation (NYSE: ACHR) and Rocket Lab USA (NASDAQ: RKLB) are both tiny aerospace companies that went public by merging with special purpose acquisition companies ( SPACs ) in 2021. Both stocks initially soared, but they crashed after the companies missed their pre-merger estimates and racked up steep losses.
SoundHound went public by merging with a special purpose acquisition company ( SPAC ) in 2022 and subsequently expanded by acquiring the restaurant tech companies SYNQ3 and Allset. Uber subsequently spun it off into a stand-alone company, and it went public via a reverse merger this April. area in the first half of 2024.
When BigBear.ai (NYSE: BBAI) went public by merging with a special purpose acquisition company (SPAC) in December 2021, it bore a striking resemblance to Palantir Technologies (NYSE: PLTR) , which went public through a direct listing in September 2020. after it closed its merger. Let's see why BigBear.ai Why did BigBear.ai
The developer of electric vertical take-off and landing (eVTOL) aircraft went public by merging with a special purpose acquisition company ( SPAC ), and it started trading at $9.90 in February 2021. In early 2021, United Airlines placed a long-term $1 billion order for 200 of its Midnight aircraft.
Archer Aviation (NYSE: ACHR) , a developer of electric vertical take-off and landing (eVTOL) aircraft, went public by merging with a special purpose acquisition company (SPAC) three years ago. in February 2021 but now trades at about $3. The 10 stocks that made the cut could produce monster returns in the coming years.
In 2021, the company acquired the Bitcoin miner ATL Data Centers, upgraded operations with its own microgrids, and continued to expand by buying and transforming more Bitcoin mining facilities. From fiscal 2021 to fiscal 2023 (which ended last September), CleanSpark's revenue increased at a compound annual growth rate (CAGR) of 85%.
billion on organic expansion projects last year (up from less than $700 million in 2021), the company plans to spend nearly $1.6 In addition, the midstream company expects the merger will increase its free cash flow per share by an average of more than 20% from 2024 to 2027. After spending about $1.2 billion to $1.5
But since its market debut via a merger with a special purpose acquisition company ( SPAC ), Opendoor's stock has lost nearly 90% of its value. Its total number of houses purchased skyrocketed 498% to 36,908 units in 2021. in 2021 to negative 1.1% billion in 2021. billion in 2021.
Lucid (NASDAQ: LCID) went public by merging with a special purpose acquisition company (SPAC) nearly three years ago. But like many other SPAC-backed EV makers, it set some ambitious delivery and revenue targets in a pre-merger presentation -- then broadly missed its own expectations. Lucid's stock opened at $25.24 billion $5.53
The $69 billion merger between Microsoft and Activision Blizzard is one big step closer to completion. As a sign of confidence that it can close the deal, the two companies extended the acquisition contract's deadline to Oct. which has yet to give a thumbs up on the merger. which has yet to give a thumbs up on the merger.
after it went public by merging with a special purpose acquisition company ( SPAC ) in December 2020 and reached its record high of $35.88 during the apex of the growth-stock rally in February 2021. Metric 2020 2021 2022 2023 Revenue $2.6 Based on 498% growth rate reported in 2021. billion $8.0 billion $15.6 billion $6.9
Symbotic (NASDAQ: SYM) , a producer of artificial intelligence-powered warehouse automation robots, went public by merging with a special purpose acquisition company (SPAC) two years ago. Uber spun out Serve Robotics as an independent company in 2021, but it continues to use its robots to fulfill Uber Eats deliveries in select cities.
In a 2021 report, the analysts estimated these aircraft could become a $1 trillion addressable market by 2040 -- rising to $9 trillion by 2050 as they replace land-based taxis in cities and find other applications in cargo delivery, law enforcement, and the armed forces. Why eVTOLs? Does Joby Aviation have an edge?
For its recently completed quarter, the company reported that the Pioneer merger is already proving fruitful, contributing $500 million in earnings for the quarter. The Constellation deal reads well for Vistra because the latter has expanded its nuclear capability this year via its acquisition of Energy Harbor in March.
Nio (NYSE: NIO) and Rivian (NASDAQ: RIVN) both saw their shares skyrocket to all-time highs during the buying frenzy in growth stocks in 2021. Nio's total number of deliveries more than doubled in both 2020 and 2021, yet only grew 34% to 122,486 vehicles in 2022. in 2021 to just 11% in the third quarter of 2023.
Tilray may aggressively pursue mergers and acquisitions Tilray hasn't been shy when it comes to acquisitions. In 2021 it also acquired a majority position in the convertible notes of multi-state operator MedMen in the U.S. If it were to pursue more risky acquisitions in the U.S.,
Many electric vehicle (EV) stocks skyrocketed amid the buying frenzy in meme and growth stocks in 2021. Rivian Rivian's stock price has plunged nearly 90% from its initial public offering (IPO) in November 2021. Deliveries rose 177% in 2021, 47% in 2022, and 182% to 376,030 vehicles in 2023. Image source: Rivian.
Their low valuations and shareholder-friendly capital return strategies make them great oil stocks to buy this month. This strategy has paid big dividends by improving its returns and lowering its break-even level. Chevron's other upside catalyst is its pending acquisition of Hess. The oil company generated $3.2
AST SpaceMobile was founded seven years ago and went public by merging with a special purpose acquisition company ( SPAC ) in 2021. Uber spun out Serve Robotics in 2021, and the newly independent company went public through a reverse merger (similar to a SPAC acquisition ) with a blank-check company in 2023.
The Vietnamese manufacturer of electric vehicles ( EVs ) just went public through a special purpose acquisition company (SPAC) and soared over 100% on the back of investor hype and its low float. This is what VinFast Auto decided to do when it merged with Black Spade Acquisition back in August. and VinFast Auto Ltd. wasn't one of them!
Lucid (NASDAQ: LCID) went public through a merger with a special purpose acquisition company in July 2021. The company's stock is now down approximately 95% from its post-merger peak and has a market capitalization of roughly $6.9 Is there a feasible path for it to deliver returns on that level?
The financial services company is relatively new to the stock market after going public by way of a special purpose acquisition corporation (SPAC) merger in June 2021. This represented a 13% increase year over year and a 17% increase since the end of fiscal year 2021. and AT&T wasn't one of them! puts on PayPal.
Like many other electric vehicle start-ups, Nikola went public by merging with a special purpose acquisition company ( SPAC ) and set some overly ambitious long-term goals. In its pre-merger presentation in 2020, it claimed it could ship 600 battery-powered electric trucks (BEVs) in 2021, ship 1,200 BEVs in 2022, and ship 3,500 BEVs in 2023.
The maker of solid-state batteries went public by merging with a special purpose acquisition company (SPAC) on Nov. In its pre-merger presentation, QuantumScape predicted it would start commercializing its products in 2024 and grow its revenue at a whopping compound annual growth rate of 363% from $14 million in 2024 to $6.44
Hershey's history of successful acquisitions Hershey is home to the three most widely recognized chocolate brands in the United States: Hershey's, Reese's, and Kit Kat (which it sells in the U.S. Another way to show the success of Hershey's strategy is to look at its cash return on invested capital (ROIC). for Nestl ).
However, in the last three months, its stock price has plummeted over 55% as the market wrestled with TransMedics' recent mergers and acquisitions (M&A) activity. TransMedics' magnificent Organ Care System In 2021, nearly 15,000 admirable organ donors passed away in the United States. This has left investors at a crossroads.
IonQ (NYSE: IONQ) , a developer of quantum computing technologies, went public by merging with a special purpose acquisition company (SPAC) on Oct. But during its pre-merger presentation, it declared its revenue would hit $5 million in 2021, triple to $15 million in 2022, and then double to $34 million in 2023. million in 2022.
The company first bought shares in Q3 2020, cut the position in 2021, then began building it up again in Q3 2021. Between Q3 2021 and Q3 2022, Berkshire's Chevron position surged 576%. million 2/14/2022 12/31/2021 28.70 million 11/15/2021 9/30/2021 23.12 million 8/16/2021 6/30/2021 23.67
Down roughly 91% percent from its all-time high of $58 (reached in early 2021), Lucid Motors (NASDAQ: LCID) has been a punishing bet for early shareholders. In 2016, the company shifted focus toward building its own vehicles and went public through a reverse merger with a special purpose acquisition company (SPAC) in 2021.
Opendoor (NASDAQ: OPEN) seemed like a promising growth stock when it went public by merging with a special purpose acquisition company (SPAC) in Dec. Its growth accelerated in 2021 as the housing market recovered but slowed again in 2022 and 2023 as inflation and rising interest rates drove away potential buyers and sellers.
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