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Monday, 24 May 2021

Study: among 44 tech startups that completed a SPAC deal from the start of 2020 through April 2021, their share prices had fallen 12.6% on average by May 17 (Heather Somerville/Wall Street Journal)

Heather Somerville / Wall Street Journal:
Study: among 44 tech startups that completed a SPAC deal from the start of 2020 through April 2021, their share prices had fallen 12.6% on average by May 17  —  Entrepreneurs are increasingly wary about the money-raising tool after watching peers' stocks slide and investors balk



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Zocks, which offers an AI assistant for financial advisers, raised a $45M Series B co-led by Lightspeed and QED Investors, taking its total funding to $65M (Mary Ann Azevedo/Crunchbase News)

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