Cannabis company Parallel to go public via merger with Scooter Braun-backed blank-check company

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

Cannabis company Parallel to go public via merger with Scooter Braun-backed blank-check company:

Multi-state cannabis operator Parallel said Monday it is going public via a merger with special purpose acquisition corporation Ceres Acquisition Corp.

in a deal with an enterprise value of $1.884 billion. Cs, or blank-check companies, raise money in an initial public offering and then have two years to acquire a business or businesses. The deal is expected to close in the summer.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Electric vehicle firm Lucid Motors to go public in $11.8 billion blank-check mergerLucid plans to go public through a reverse merger with a blank-check company started by veteran investment banker Michael Klein. CNBC always 4 hours late w/ tweets This looks so much better than a Tesla! it's practically free as long as you spend $22.1 Trillion.
Source: CNBC - 🏆 12. / 72 Read more »

Tesla rival Lucid Motors to go public in $11.8 billion blank-check mergerLuxury electric vehicle maker Lucid Motors on Monday agreed to go public by merging with blank-check firm Churchill Capital IV Corp in a deal that valued the combined company at $11.75 billion. Wonder who’s stealing the designs. Over 180 machines placed and still growing! Contact us today for all your companies vending needs! click: I feel like any EV company is unfairly automatically labeled Tesla rival
Source: Reuters - 🏆 2. / 97 Read more »

German Air Taxi Startup Lilium To List In $3.3 Billion SPAC MergerMunich-based Lilium will list through a merger with Qell Acquisition Corp, a blank-check company, to raise funds to develop its fleet of air taxis. How many distance can it travel Fab ! Do you think this is what people really need right now?
Source: Forbes - 🏆 394. / 53 Read more »