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Tuscan Holdings Corp. Announces Intent to Combine With MicrovastTuscan Holdings Corp. Announces Intent to Combine With Microvast Inc.
("Tuscan") today confirmed that it has signed a letter of intent ("LOI") related to a business combination with Microvast Inc., a market leading provider of next-generation battery technologies for commercial and specialty use electric vehicles ("Microvast" or the "Company").
Microvast has a compelling financial profile, with significant historical revenues as well as projected growth and profitability. With its battery technology installed in over 28,000 vehicles worldwide, an impressive, growing list of global OEM customers, and a strategic partnership with Fiat Power Train Industrial
Microvast expects to generate over $100 million of revenue this financial year.
Completion of the transaction is subject to, among other things, the execution of a definitive agreement, approval by the two companies' boards, satisfaction of customary closing conditions and approval of the transaction by each company's shareholders.
Accordingly, there can be no assurance that a definitive agreement will be entered into or that the proposed transaction will be consummated on the terms currently contemplated or at all.
finance.yahoo.com
AvePoint going public via merger with blank-check company ApxtAvePoint, the Largest Microsoft 365 Data Management Solutions Provider, Announces $2bn Merger.
- Transaction includes a fully committed PIPE of $140 mm anchored by top-tier investors
-Has entered into a definitive business combination agreement
- the combined company will be named AvePoint and will remain a publicly traded company listed on the Nasdaq Stock Market under a new ticker symbol, "AVPT."
- In addition to the approximately $352 million held in Apex’s trust account as of September 30, 2020, assuming no redemptions by Apex’s public stockholders, the combined company will benefit from $140 million in proceeds from a group of institutional investors participating in the transaction through a committed private investment ("PIPE").
- The transaction, valuing the combined company at an equity value of approximately $2 billion on a pro forma basis after giving effect to the PIPE and assuming minimal Apex stockholder redemptions, is expected to close in the first quarter of 2021. Upon completion of the proposed transaction, existing AvePoint shareholders are expected to own
- approximately 72% of the combined company, which is expected to have approximately $252 million of cash on the balance sheet assuming no redemptions by Apex’s public stockholders.
finance.yahoo.com
$KO - Timing is everythingCoca - Cola is one of the best "blue chips" companies on Wall Street, so it's always a good idea to add it to your portfiolio.
We have a clear uptrend after the price formed a bottom in the first Clousire.
Company has payed out a dividend, so that's the spike in volume as traders were cashing in.
Currently the price is in the middle of the trend, so it's not a good idea to buy here. I would wait for a correction at the marked zone. SL placed appropriately.
WAVES within WAVES within Waves | How to Buy Stocks that Go UPHow to Chose and Trade the Stocks that have a higher probability of Rising in the next 2-3 days
A technique I use that we call AIMS The Setup One Strategy.
The Market moves in waves. How to know when is the right time to buy and when to Sell?
View to Merge with CFII, a SPAC sponsored by Cantor FitzgeraldView, the leader in Smart Windows, to Merge with CF Finance Acquisition Corp., II (Nasdaq: CFII) ("CF II"), a special purpose acquisition company sponsored by Cantor Fitzgerald
- View is the market leader in next-generation smart windows that use artificial intelligence and machine learning which will tint the glass to optimize natural light while controlling heat and glare to enhance mental and physical well-being for occupants, creating smart connected buildings which reduce energy consumption and greenhouse gas (GHG) emissions.
- The combined company will be called View, Inc. and will be publicly listed on the NASDAQ market
- The transaction values View at an enterprise value of $1.6 billion, and is expected to provide up to $800 million in proceeds, including a fully committed PIPE of $300 million at $10.00 per share and up to $500 million of cash held in the trust account of CF Finance Acquisition Corp. II
- The transaction is expected to close in the first quarter of 2021.
finance.yahoo.com
Stock to watch: J.B. Hunt (JBHT)NASDAQ:JBHT
May be an interesting trade that can turn from intraday/swing into long-term.
Buy/Sell Zones indicate an uptrend + a lot of bullish momentum lately.
Short-term Long targets are all-time high up to 0,618 Fib (but may be extended even higher - should see how strong the resistance will be)
Invalidation: closing lower than the previous lows.
Disclaimer: This article should not be considered as financial or investment advice. Trading digital assets involve risk and may resolve in the loss of your capital. Always be sure to understand the amount of risk involved and do your research before taking any trading/investment steps.
Lightning EMotors Said In Talks to Go Public Via GigCapital3Lightning EMotors Said In Talks to Go Public Via GigCapital3
-Lightning EMotors, a company that focuses on fleet electrification and cutting out fuel consumption, is in advanced talks to go public through a merger with blank-check firm GigCapital3 Inc., according to people with knowledge of the matter.
-GigCapital3 is seeking to raise about $100 million in new equity to support a transaction that would create a combined entity worth $700 million to $1 billion, including debt, said the people, who requested anonymity because the talks are private. Terms could change but a deal, if agreed, could be announced as soon as next week, some of the people said.
A representative for Lightning EMotors declined to comment. Representatives for GigCapital3 didn’t immediately respond to requests for comment.
-The Loveland, Colorado-based company, formerly known as Lightning Hybrids, adds technology to commercial vehicles such as vans, trucks and buses that reduces their emissions to zero, and provides a charging service.
-The company said in October that it had more than doubled its manufacturing space, ramped up production and that it had doubled its workforce.
- “There is significant momentum building in the commercial medium-duty electric vehicle industry, driven by social and regulatory trends,” Chief Executive Officer Tim Reeser said in a statement at the time, noting that demand outstrips supply for the industry. Reeser is also a managing director at Aravaipa Ventures, a Boulder, Colorado-based investment firm.
- GigCapital3, led by executive chairman Avi Katz, raised $200 million in a May initial public offering. It said it’ll focus on companies with enterprise valuations larger than $500 million in the technology, media and telecommunications industry.
- Katz’s GigCapital2 Inc. in October said it signed a letter of intent to merge with Bolder Industries, a company that converts end-of-life tires into sustainable industrial products. An earlier SPAC, GigCapital Inc., merged with Kaleyra SpA in a deal that took the software company public.
- A deal between GigCapital3 and Lightning eMotors would follow the pending merger of Pivotal Investment Corp. II and XL Fleet, another company that specializes in fleet electrification.
finance.yahoo.com
Aeva to Be Listed on NYSE through Business Combination with IPV Aeva, Maker of the First 4D LiDAR on Chip, to Be Listed on NYSE through Business Combination with InterPrivate Acquisition Corp.
-Aeva Inc. (“Aeva”) is the leading provider of comprehensive perception solutions developed on Silicon Photonics for mass scale applications in automotive, consumer electronics, consumer health, industrial and security markets.
-Aeva’s groundbreaking 4D LiDAR on Chip combines instant velocity measurements and long-range performance at affordable costs for commercialization at silicon scale.
-Aeva has received strategic investments from Porsche SE, the major shareholder of VW Group.
-Aeva’s commercial partners also include other top automotive OEMs and world’s leading mobility and technology players.
-In September, Aeva announced a production partnership with ZF to manufacture and distribute the first automotive grade 4D LiDAR to global OEM customers.
-Business combination to provide up to $363M in gross proceeds, comprised of InterPrivate’s $243M held in trust and a $120M fully committed common stock PIPE at $10.00 per share, including investments from Adage Capital and Porsche SE.
-Combined company expected to have an estimated post-transaction equity value of approximately $2.1B and is expected to be listed on the NYSE under the ticker symbol AEVA following anticipated transaction close in Q1 2021.
-All Aeva stockholders, including Lux Capital, Canaan Partners, and Lockheed Martin, will retain their equity holdings through Aeva’s transition into the publicly listed company.
-Aeva plans to use 100% of the net proceeds from the transaction to accelerate its growth and commercialization.
Transaction overview
The combined company will have an implied pro forma equity value of approximately $2.1 billion at closing, and Aeva’s existing stockholders will hold approximately 80% of the issued and outstanding shares of common stock of the combined company immediately following the closing.
Cash proceeds in connection with the transaction will be funded through a combination of :
(i) the issuance of approximately $120 million of common stock through a fully committed private placement at $10.00 per share, including investments from Adage Capital and Porsche SE,
(ii) the issuance of $ 1.7 billion of new common stock of InterPrivate to current stockholders of Aeva subject to customary adjustments and
(iii) $243 million of cash held in trust assuming no redemptions by InterPrivate’s existing public stockholders.
Completion of the proposed business combination is subject to, among other things, the approval by InterPrivate and Aeva stockholders and the satisfaction or waiver of other customary closing conditions , including a registration statement being declared effective by the Securities and Exchange Commission (the “SEC”), and is expected to occur in the first quarter of 2021.
ipvspac.com stock
Local Now announced a distribution partnership with CinedigmThe Weather Channel's Local Now Expands OTT Streaming Offerings With Cinedigm Distribution Partnership
The Bob Ross Channel, Dove Channel, Gametoon, FashionBox, CONtv, Anime, Comedy Dynamics and BAMBU are Among Channels Now Available on Local Now
This collaboration is part of Local Now's commitment to expanding the depth, availability, and entertainment value of its programming offerings.
The Local Now audience will now have 24/7 access to engaging, marquee channels.
Cinedigm channels will also become available on Local Now's portfolio of OTT, CTV, mobile, and TV platforms at the end of the year.
Local Now currently serves a diverse audience, reaching more than 225 markets across the nation.
finance.yahoo.com
HCCH Receives Shareholder Approval of Business CombinationHL Acquisitions Corp. Receives Shareholder Approval of Business Combination with Fusion Fuel Green.
shareholders of HL have approved the business combination between HL and Fusion Fuel at an annual general meeting of shareholders held today in New York. None of HL’s public shares were redeemed in connection with the vote to approve the business combination. It is expected that the business combination will close in the coming days.
Upon the closing of the business combination, each unseparated unit of HL will separate into its component parts of one ordinary share, one warrant, and one right. Each right of HL will be automatically exchanged for one-tenth (1/10th) of one ordinary share in accordance with its terms. The ordinary shares and warrants of HL will then automatically convert into Class A ordinary shares and warrants of Fusion Fuel, respectively, and it is expected that such Class A ordinary shares and warrants will trade on the Nasdaq Capital Market under the symbols “HTOO” and “HTOOW,” respectively.
finance.yahoo.com
Pip Sandler research firm upgraded Funko's stockAnalyst Erinn Murphy from Pip Sandler research firm upgraded Funko's stock from Neutral to Overweight with a price target lifted from $6 to $12.
chat with the company's president, CFO and head of IR led to the firm switching to a bullish tone. Specifically, the management team expects to show modest growth in the U.S. business in the fourth quarter while gross margin concerns at other competitors aren't an issue at Funko.
Management is expected to release a "good amount" of new content for next year with a focus on recent hit content like "Queen's Gambit," "WandaVision," among others, the analyst wrote in a note.
More importantly, Piper Sandler's checks point to signs of success with the recent launch of Snapsies at 800 Target (NYSE: TGT) stores along with an expansion of board games and accelerated digital efforts.
finance.yahoo.com
Israeli Lidar Startup Innoviz in Talks to Merge With SPAC CGROIsraeli Lidar Startup Innoviz in Talks to Merge With SPAC
Innoviz Technologies Ltd., an Israeli startup focused on lidar, laser sensors used in autonomous vehicles, is in talks to go public through a merger with Collective Growth Corp., according to people with knowledge of the matter.
Collective Growth is seeking to raise $100 million to $350 million in new equity to support a transaction that’s set to value the combined entity at $1 billion or more, said the people, who requested anonymity because the discussions aren’t public. Terms could change as a deal isn’t finalized, and it’s possible talks could fall apart, one of the people said.
Collective Growth, the Austin, Texas-based special purpose acquisition company, is led by Chief Executive Officer Bruce Linton, who is known for co-founding Canopy Growth Corp., a cannabis producer. Collective Growth raised $150 million in April and said at the time it would focus on target businesses in any industry or geography.
Innoviz’s investors include Samsung Electronics Co., SoftBank Ventures Asia and Phoenix Insurance Co., among others
A SPAC merger has become an increasingly popular method for closely held companies to raise growth capital.
www.bloomberg.com
Stem, Inc. to become publicly listed through SPAC company STPKStem, Inc. to become publicly listed through business combination with Star Peak Energy Transition Corp. (NYSE: STPK).
• Stem, Inc. – Market Leader in AI-Driven Clean Energy Storage Systems – to Combine with Star Peak, Creating First Public Pure Play Smart Energy Storage Company
• Founded in 2009, Stem is an energy storage leader that offers customers a complete solution of integrated battery storage systems, network integration and battery optimization via its proprietary AI-driven software platform called Athena™.
• Transaction to provide up to $608 million in gross proceeds, comprised of Star Peak’s $383 million of cash held in trust, assuming no redemptions, and a $225 million fully-committed common stock PIPE at $10.00 per share, including investments from funds and accounts managed by BlackRock, Van Eck Associates Corporation, Adage Capital Management, L.P., Electron Capital Partners, and Senator Investment Group.
• Following the expected first quarter 2021 transaction close, the combined company will have an estimated equity value of approximately $1.35 billion and will remain listed on the New York Stock Exchange under the new ticker symbol “STEM.”
• Stem’s energy storage systems address a $1.2 trillion market opportunity , and offers investors a unique ESG opportunity to invest in a pure play clean energy company helping to revolutionize the electric grid.
www.businesswire.com stock
NSCO soars after $1.5 billion acquisition deal and equity investNesco Holdings To Acquire Custom Truck One Source And Create Leading Specialty Rental Equipment Company In Partnership With Platinum Equity
Nesco and CTOS are leading providers of specialized truck and heavy equipment solutions including rental, sales and aftermarket parts and service.
Platinum Equity, the premier financial sponsor in the specialty rental equipment industry, has committed to invest over $850 million in Nesco in exchange for newly issued common stock at a price of $5.00 per share and will hold a majority interest in the combined company
Nesco lead investors, Energy Capital Partners and Capitol Investment, and existing CTOS lead investor, Blackstone, to remain ongoing shareholders in partnership with Platinum Equity
Combination significantly reduces leverage, includes material synergies and substantially enhances both corporate and public market liquidity
With complementary business lines, customer bases and capabilities, the combination is expected to yield significant benefits from increased scale, breadth of product and service offerings and expanded geographic coverage.
existing CTOS shareholders are expected to invest approximately $100 million into Nesco in exchange for newly issued common stock also at the same price as Platinum.
After the closing of the CTOS purchase, which is expected to occur in the fist quarter of 2021, Platinum is expected to own approximately 57% of Nesco's outstanding stock, following an additional equity investment of up to $200 million from Platinum.
finance.yahoo.com
www.marketwatch.com
LIZI stock soars after Car Audio Collaboration with Xpeng MotorsLIZHI INC. Enters In-Car Audio Collaboration with Xpeng Motors
To integrate LIZHI’s in-car audio content product into Xpeng Motors’ in-car intelligent operating system. The product has been launched in this week.
With seamless connectivity, LIZHI will strive to enrich the personalized driving experience for Xpeng Smart EV users.
finance.yahoo.com
Tredegar Board Declares Special Dividend of $5.97 Per ShareTredegar Board Declares Special Dividend of $5.97 Per Share
The Special Dividend is payable on December 18, 2020 to shareholders of record at the close of business on December 11, 2020.
The Special Dividend is a direct result of our strong cash generation that resulted in cash in excess of debt of $28 million at September 30, 2020, which increased further at the end of October with the closing on the sale of our Personal Care business for estimated net proceeds (after transaction costs, purchase price adjustments and transition services) of $45 to $50 million.
the distribution of excess cash is being supplemented by borrowings under our revolving credit facility, which has a maturity date in June 2024, thereby allowing us to prudently use financial leverage in a low interest rate environment while also preserving available capital to meet the needs of our business units."
finance.yahoo.com
Heelys and Reebok Team Up for a CollabHeelys, the original shoes with wheels, which is owned by Sequential Brands Group, Inc. (Nasdaq:SQBG), is excited to announce a new collection with popular lifestyle footwear brand, Reebok. The collaboration features ten signature Reebok styles, with the added Heelys’ wheel technology.
Amongst a number of different collabs that Heelys has recently worked on, this marks the first time that the brand has teamed up with another sneaker brand. The Reebok styles will range in colors, patterns, and shapes – but in typical Heelys fashion, will all have the ability to go from a sneaker to a skate by shifting weight on to the heel.
finance.yahoo.com
Boeing drops the landing gear Boeing has been trying to recover after the air industry was smacked to the ground by the pandemic. Since then, the results weren't expected to cover the forecasts of course, so the only current rise in the stock price is because of the pull form the broader market.
Ignore the stats since they are heavily affected by the COVID-19 crisis. Recent days we see red volumes - investors are covering recent profits or losses. We have a run-away gap from 09.11 to cover. Current golden cross gives some hope for the formation of a new uptrend, but before that I think we may see price going down towards the potential drop zone.
Second outplay is for the price to break out from the bullish flag and continue towards the potential target zone.
In both cases I would wait and see how what direction the price will take.
Personal blog: thedailychartist.com
Reality kicks in for NIOHello traders!
I am making a different approach to my charts now and concentrating on stocks (as I have always proffered them before any other instrument).
As stocks are mainly driven by fundamentals - company or policy wise, I am going to use the awesome built-in tools from #TradingView in regards to a company analysis.
I am using the most important key metrics for the performance and evaluation of a company that are looked by the investors - EBITDA, EPS, Net Income and Free Cash Flow.
Looking towards Nio. Indeed a fairy new company, striving to place it's won mark in the electrical auto industry. The steady climb in the price has been backed no more by the promise of a revolution in the auto industry and in trucks - most specifically. FOMO and the overall markets supported by the FED and the good shape of the economy has dragged Nio to "have a piece of the pie" too.
Looking under the hood: All of the stats are negative. So why to invest in a company with negative free cash flow, net income and EPS? Stats are improving, that is for sure, but what can the 2-year-old Chinese company can do against i.e. Tesla?
Volume is getting lower and with recent days we see investors cashing out on their positions. Maybe it's time to see a proper correction in the stock price to maybe be more realistically accurate with the valuation.
In my view, the price can go as low as $30 in the short - term. And $16 long-term. I am staying reserved in investing in the company if results do not improve, or the company indeed shows something truly promising.
Personal blog: thedailychartist.com
Alexion Pharmaceuticals $ALXN - investment idea 💡 This entry and SL is based on my technical analysis only.
Do your research and trade on your own risk!