SPAC Chavant Capital Acquisition Seeks To Raise US$80 Million In IPO
Special purpose acquisition company Chavant Capital Acquisition Corp. went public on Nasdaq Capital Market today. The firm is looking to raise US$80.0 million through its initial public offering. The offering consists of 8.0 million units priced at US$10.00 per unit. Each unit is composed of one common share and three-quarters of a purchase warrant. Each […]
“Best Day Ever”: Jeff Bezos Boards Blue Origin’s First Crewed Space Flight
Jeff Bezos has finally made his dream come true today as he boarded the New Shepard capsule of his aerospace company Blue Origin for a suborbital space journey. During a status check after landing back on Earth, the company founder encapsulated the trip as the “best day ever.” The Amazon (Nasdaq: AMZN) founder landed back […]
Fitness Operator F45 Training Closes US$279 Million IPO
Fitness center franchisor F45 Training Holdings Inc. (NYSE: FXLV) closed its initial public offering Monday, yielding total proceeds of US$279.0 million after deductions and commissions. The company went public on the New York Stock Exchange on July 15, 2021 under the symbol “FXLV”. The firm was able to sell 18,750,000 common shares and its selling […]
High Tide To Acquire Online Retailer DankStop For US$3.85 Million
High Tide Inc. (TSXV: HITI) announced this morning that its plans to add another e-commerce platform to its portfolio. The company has signed a definitive agreement to acquire 100% of DS Distribution Inc., more commonly known as DankStop.com. The acquisition, made through the company’s US-based subsidiary High Tide USA Inc., is reportedly priced at US$3.85 […]
National Bureau of Economic Research: US Covid-19 Recession Officially Ended in April 2020
Welp, in case one was beginning to get concerned, the US economy officially climbed out of the worst recession in history in April 2020, marking the shortest contraction on record. Beginning in February 2020, the US economy slumped into the worst contraction period since the Second World War, which saw GDP levels plunge by 31.4% […]
BMO Reiterates Lundin Gold Following Production Beat
Lundin Gold (TSX: LUG) announced their second-quarter production results last week. The company announced that they had another strong quarter of production, producing 108,799 ounces of gold. The results bring the total output for the first half of 2021 to 212,936 ounces. For the second quarter, the companies mill processed 346,561 tonnes of ore and […]
China’s Regulatory Crackdown of Companies Listed on Foreign Exchanges Could Cut $2 Trillion From US IPO Market
A series of new regulations regarding the public listings of Chinese companies on foreign exchanges could end up having a significant impact on the US IPO market. Over the past 20 years, Chinese tech companies have favoured the American stock market, given its abundant investor base and easy-going regulatory environment. However, a recent regulatory shift […]
Organigram: Canaccord Reiterates $3.50 Target
On July 13th, Organigram Holdings (TSX: OGI) (NASDAQ: OGI) reported their fiscal third-quarter results. The company announced top-line revenue of $20.3 million, a 39% increase quarter over quarter and 13% year over year. The companies adult-use net revenue segment grew 40% over the last quarter to $16.8 million. The company had a negative gross margin […]
US Homebuilder Confidence Slips Lower in July Amid Surging Construction Costs
America’s housing market continues to maintain its optimistic outlook, as interest rates sit at historically-low levels and homebuyer demand remains high. However, the country’s homebuilders are no longer feeling that same sentiment, as surging construction costs push their confidence to an 11-month low. The National Association of Home Builders (NAHB) published its latest monthly sentiment […]
Robinhood to Raise $2 Billion in Upcoming IPO, Seeking $35 Billion Valuation
With Robinhood’s upcoming IPO nearing closer and closer, the stock trading app is seeking to raise over $2 billion, which would put its valuation at $35 billion. According to a new amendment to its SEC filing revealed on Monday, Robinhood is planning to offer 55 million shares at a price range between $38 and $42, […]