CORZ News

A growing list of de-SPACs have gone bankrupt, adding further pressure to the beleaguered blank check space. Year-to-date, five companies that went public via SPAC merger have filed for bankruptcy, matching the full-year total from 2022 with more than eight months left in the year. Three de-SPACs filed for bankruptcy in the first week of April, all of which completed their mergers...read more

Spurred on by soaring Bitcoin prices in the last year, crypto-focused companies are taking the ball and running with it – right to the public markets. Since 2019, seven crypto-focused companies have completed traditional IPOs, one has direct listed, and four have gone public via SPAC merger. The group features an array of Bitcoin miners (CORZ, IREN, SDIG, ARBK,...read more

Power & Digital Infrastructure Acquisition, a blank check company targeting the US electrical power grid transition, raised $300 million by offering 30 million units at $10. The company offered 5 million more units than anticipated. Each unit consists of one share of common stock and one-fourth of a warrant, exercisable at $11.50. The company is led by ...read more

Power & Digital Infrastructure Acquisition, a blank check company targeting the US electrical power grid transition, filed on Friday with the SEC to raise up to $250 million in an initial public offering. The Chicago, IL-based company plans to raise $250 million by offering 25 million units at $10. Each unit will consist of one share of common stock and one-half of a...read more