Gores is a special purpose acquisition company, or SPAC, a firm that raises money and goes public with the sole intention of buying another company instead of making its own products or services. Once the purchase is complete, the SPAC merges with the company it bought, and investors who bought the SPAC's stock become shareholders of the new company.
"We probably wouldn't do a normal IPO during this time, but given that you have with the SPAC structure even greater certainty around value," and the amount of capital you'll raise, "it definitely became a very attractive option," he said. The recent surge of reverse mergers, which also includes Virgin Galactic and DraftKings, has raised the stature of SPACs, which in the past were viewed as vehicles for "second-rate deals," Russell said. Gores was a particularly attractive choice for Luminar given its tech and automotive expertise.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
Inside Citadel's remote summer internship at a luxury Wisconsin resort - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. $400/night they were putting these kids in a motel 6
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »
25-year-old sells high-school startup Luminar in a $3.4 billion deal - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »
Dell CEO Michael Dell on second-quarter earnings resultsDell Technologies CEO Michael Dell joins 'Squawk on the Street' to discuss the surge in demand during the second-quarter as more people began working remotely as a result of the pandemic. Bought Inspiron Laptop August 23,delivery date October 14!!! I bought a Dell computer several years ago. It was a nightmare. I didnt work correctly out of the box. Getting it fixed was such an ordeal. Hours on hold only to get an outsourced CSR with no knowledge and a fake American name. Dont buy this garbage I also spent $400 on a dell monitor carlquintanilla . I think their products are good
Källa: CNBC - 🏆 12. / 72 Läs mer »