CHARTS; https://stockcharts.com/c-sc/sc?s=ETEK&p=D&b=5&g=0&i=t3137772542c&r=1624992162802 https://stockcharts.com/h-sc/ui POINT & FIGURE https://stockcharts.com/freecharts/pnf.php?c=capr,PWTADANRNO[PA][D][F1!3!!!2!20] https://stockcharts.com/c-sc/sc?s=ETEK&p=D&b=5&g=0&i=t3137772542c&r=1624992162802 https://microcapdaily.com/cybernetic-technologies-ltd-otcmkts-hpil-powerful-move-brewing-as-new-ceo-of-crankmedia-takes-control-of-the-company/132002/ UPDATE LINK; 06-18-2021 https://www.pennymillions.com/ https://investorplace.com/2021/07/7-undervalued-stocks-to-buy-for-july-2021/ https://www.tipranks.com/news
Insider Stuff http://www.insidercow.com/ https://microcapdaily.com/cybernetic-technologies-ltd-otcmkts-hpil-powerful-move-brewing-as-new-ceo-of-crankmedia-takes-control-of-the-company/132002/ https://www.youtube.com/watch?v=AsPunbexlXg&ab_channel=FrameworkFortune
06-29-2021 ZIDAR'S: ON TOP! HOT OR NOT? SUB PENNY STOCK MARKET NEWS, RUMORS AND CHARTS June 28 2021 stocks from 0.0000's to .01 cent https://www.youtube.com/watch?v=AsPunbexlXg&ab_channel=FrameworkFortune
06-30-2021 Zidar's Today's 45-60 'HOT' PENNY/SUBPENNY STOCKS. NEWS~RUMORS / MERGERS, ACQUISITIONS, GOING PINK 06-30-2021 SPECIAL LIST https://www.youtube.com/watch?v=M1xGYQre-Es&ab_channel=FrameworkFortune
Zidars 7/9 Today Monday~ 40-60 'HOT' PENNY/SUBPENNY STOCKS. NEWS~RUMORS/ MERGERS JVs Pink Current
07-12-2021 https://www.youtube.com/watch?v=F-edMt-vKHw&ab_channel=FrameworkFortune JUNE 22, 2021BENJAMIN BERRY, SYNERGY MANAGEMENT GROUP https://www.synergymgtgroup.com/updates/update-62221 ALKN-HAZN-QENC-RIBS-THDS IMPORTANT CUSTODIAN LINK; 06-13-2021 https://twitter.com/i/web/status/1398364542359404549 synergymgtgroup AESO-BDCM-HAZH-LPHM-SIBE---SGTB https://www.synergymgtgroup.com/updates/update-6621 6-06-2021 UPDATE https://www.synergymgtgroup.com/updates/update-52621 Update 5/26/21 https://www.synergymgtgroup.com/updates/update-51421 Update 5/14/21 https://www.synergymgtgroup.com/updates/update-5621 Update 5/6/21 https://www.synergymgtgroup.com/updates/update-42821 Update 4/28/21 https://www.synergymgtgroup.com/updates/update-42121 Update 4/21/21 https://www.synergymgtgroup.com/updates/update-41621 Update 4/16/21 https://www.synergymgtgroup.com/updates/update-4821 Update 4/8/21 https://www.synergymgtgroup.com/updates/update-4221 Update 4/2/21 https://www.synergymgtgroup.com/updates/update-33121 Update 3/31/21 ALSO HERE; https://twitter.com/i/web/status/1398364542359404549
blank check companies EV Charging Firm WallBox is Merging With a SPAC -- Barrons.com
6:31 am ET June 9, 2021 (Dow Jones) Print
Al Root and Nicholas Jasinski
Blank-check company mergers are picking up again after a lull in the market for the newest way to take companies public in recent months.
Start-ups related to the space economy, 3-D printing, and electric vehicles have made popular targets for special purpose acquisition companies, or SPACs,
given their needs for capital and public markets hungry to buy into the companies of the future.
The latest electric vehicle charging company to become publicly traded by merging with a SPAC is Wallbox,
which said Wednesday that it would combine with Kensington Capital Acquisition II (ticker: KCAC). [wallbox]
That's the second SPAC from the sponsors that took EV battery
technology company QuantumScape (QS) public via another SPAC merger
Investors interested in Wallbox can buy Kensington stock today.
If all goes to plan, Kensington stock will become Wallbox and its
stock symbol will change to WBX.
The business combination values Wallbox at a market capitalization
of about $1.8 billion, including $330 million in cash coming into the company via the SPAC deal.
That includes $230 million from Kensington's trust and a $100 million private investment in public equity, or PIPE, deal.
That valuation makes Wallbox one of the least expensive EV charging franchises on the market today.
ChargePoint Holdings (CHPT) is the largest with a market capitalization of almost $9 billion.
Several other EV charging companies haven't finished their SPAC mergers yet.
Climate Change Crisis Real Impact (CLII) is merging with EVgo.
Tortoise Acquisition II (SNPR) is merging with Volta.
TPG Pace Beneficial Finance (TPGY) is merging with EV Box.
Those three market caps, based on proforma shares outstanding when mergers close, are $3.6 billion, $2.1 billion, and $1.9 billion, respectively.
The different charging companies have slightly different business models. Volta,
for instance, wants premium locations at retail locations and will
Others focus on selling hardware and software to manage the systems. Wallbox appears to be pursuing the hardware/software supplier model, selling to homes, businesses, and governments.
"Mass market adoption of electric vehicles is here,
and with this comes a need for significant expansion of charging infrastructure, starting at the home," said Enric Asunción, Wallbox CEO and co-founder.
"At Wallbox, we believe that ubiquitous access to affordable, efficient, and optimized EV charging is a critical part of the transition to electric vehicles."
Wallbox says it has sold more than 100,000 chargers in 67 countries since its founding six years ago.
The Barcelona-headquartered company has a manufacturing presence in Spain and China and aims to add a U.S. facility next year.
The first and second Kensington Capital Acquisition SPACs have been sponsored by Kensington Capital Partners
and led by its president Justin Mirro.
Kensington Capital Acquisition I completed a merger with solid-state battery developer QuantumScape last year.
The stock became a sensation with retail investors and momentum traders,
and peaked at more than 13 times the valuation where the SPAC deal was struck, before tumbling back to Earth.
QuantumScape stock remains well above the levels where SPAC investors came in.
Kensington Capital Acquisition II stock closed at $10.20 on Tuesday,
a 2% premium to the value of the cash in its trust.
Write to Al Root at firstname.lastname@example.org
(END) Dow Jones Newswires
June 09, 2021 06:31 ET (10:31 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
Filing of Certain Prospectuses and Communications in Connection With Business Combination Transactions (425)
May 26 2021 - 06:04AM
Edgar (US Regulatory)
Filed by REE Automotive Ltd.
Pursuant to Rule 425 under the Securities Act of 1933
and deemed filed pursuant to Rule 14a-12
under the Securities Exchange Act of 1934
Subject Company: 10X Capital Venture Acquisition Corp
Commission File No. 001-39737
Date: May 25, 2021
REE has been extremely active in the past couple of months as we keep on delivering results across the board.
? Significantly increased our market presence
? Further enhanced our supply chain
? Continued progression towards completing our merger with 10X Capital Venture Acquisition Corp (NASDAQ: VCVC)
Our strong and steady progress is the manifestation of years of hard work and deep cooperation with automotive leaders on both the supply and demand sides. These strategic collaboration agreements play a vital role in our future growth and success. Together, we are on a shared, electrifying path to creating a future ’Powered by REE’.
Demand and Go-to-Market Side Progress:
? Signed Business Alliance with Hino, Toyota’s Truck Arm with the aim of creating a modular platform ‘Powered by REE’, capable of carrying customized, detachable cabin designs to bring services and goods to a whole new level of efficiency and impact (Read PR). This Business Alliance is the product of our long and on-going collaboration with Hino following our joint presentation of the FlatFormer concept in the Tokyo Motor Show back in 2019. Hino recently announced another business alliance with Toyota and Isuzu to accelerate CASE response through a commercial vehicle partnership (Read PR).
? Signed Strategic Partnership with Magna International with the goal of developing and bringing to market fully modular electric vehicles (MEVs) based on our REEcorner™ technology and Magna’s vehicle systems integration and manufacturing expertise. (Read PR). Magna is amongst the world-leading automotive suppliers dedicated to delivering new mobility solutions and technology that will change the world. With 347 manufacturing operations and 84 product development, engineering, and sales centers in 28 countries, Magna is an amazing partner to bring MEVs to market.
? Signed Development and Supply to NAVYA Group collaborating on the development of a level 4 autonomous system based on REEcorners™ and Navya’s self-driving solutions. With hundreds of autonomous vehicles operated around the world, Navya is a leading name for self-driving solutions delivering proven self-driving solutions for B2B partners to reshape their transportation systems, for passengers or goods. (Read PR)
Supply Side Progress:
? Signed Development & Supply Agreement with American Axle & Manufacturing agreeing to jointly develop advanced electric propulsion systems with fully integrated high-speed motors and inverter technology to be used in REE’s highly modular and disruptive REEcorner™ technology. The electric drive units will be developed at AAM’s Advanced Technology and Development Center in Detroit with delivery of prototypes planned by the end of 2021. (Read PR)
? Opened a New REE Engineering Center to accelerate engineering design, validation, verification, and testing, as well as product homologation with access to world-class test facilities and a proving ground for physical testing and validation of the REEcorner™ and EV platform at the MIRA Technology Park in the UK. The Center will support REE’s CapEx-light global manufacturing strategy of multiple Integration Centers aimed to support SOP by 2023. (Read PR)
? Unveiled 5 New REEcorners™ Families & EV platforms designed to support the broadest range of commercial electric vehicles. The new REEcorners™ show the breadth and depth of versatility that can be afforded to customers when it comes to designing vehicles based on their requirements. (Read PR)
With recent developments in the general SPAC market and the updated SEC requirements,
we continue to progress in completing our merger with 10X Capital Venture Acquisition Corp (NASDAQ: VCVC)
by filing an amendment to the registration proxy statement in connection with the proposed merger.
We expect to conclude the merger on time.
Read full filing
The Cornerstone of Next-Gen Mobility
Don’t miss the chance to see our Co-Founder & CEO Daniel Barel discuss his singular invention - the REEcorner™.
REEcorners™ pack critical vehicle components into the area between the wheel and the chassis - completely disrupting the automotive industry as we know it!
This video provides never-before-seen views of our REEcorners™ & EV platforms, and Daniel provides his personal view on the why & where that started all this.
See the clip
The REE Story LIVE
Great talk with Bloomberg TV on the tremendous demand we see for Modular EVs. Daniel Barel, our Co-Founder & CEO, discusses how the company plans to help Canadian auto supplier Magna International muscle further into a growing field of EV players. He speaks with Bloomberg’s Ed Ludlow and Taylor Riggs on ‘Bloomberg Markets: The Close.’
See it here;
Forbes, CNBC, Yahoo Finance, Reuters - to see more coverage pieces CLICK HERE.
Contact our experts today to build your next EV or AV Click here!
REE Automotive, Aharon Maskin, Tel-Aviv, Israel
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UPDATE;05-27-2021 Canoo & University of Wisconsin-Madison partner on next-generation electric vehicle technologies
May 17 2021 - 07:51PM
PR Newswire (US)
DALLAS, May 17, 2021 /PRNewswire/ -- Canoo Inc. (Nasdaq: GOEV), a company developing breakthrough electric vehicles,
is partnering with the University of Wisconsin-Madison to accelerate advances in electric vehicle technologies while lowering
the overall cost of owning an electric vehicle.
Photo Credit: University of Wisconsin-Madison
In May 2021, the two organizations signed a memorandum of understanding through which they will collaborate toward the development of a Canoo research center at UW-Madison.
The center will advance research in electric propulsion technologies with a goal of increasing electric vehicle utility while reducing burdens on finite natural resources.
The partnership intends to create a leading pipeline for propulsion technology as well as on and off-grid operations.
Canoo is known for its innovative, future-forward functional designs, with a lifestyle vehicle, a delivery van and a pickup truck.
Canoo is driven by the mission to bring electric vehicles to everyone, and built for adventurers, families, tradespeople and small business owners.
The company focuses on building productivity solutions that spans owners across the full vehicle lifecycle. With a revolutionary modular electric multipurpose platform,
Canoo delivers maximum space utility, and performance on a small footprint. Its flexible vehicles meet a wide range of use cases for consumers and businesses
and build in customization for every owner—whether the first, fourth or beyond.
UW-Madison's College of Engineering is leading the effort on behalf of the university. In addition to a research partnership,
Canoo will develop a talent pipeline through internships and other opportunities for undergraduate and graduate students that will focus on real-world research and technology development.
"We are launching a multi-university research and development program designed to further critical research and
catalyze innovation to support the manufacture of electric vehicles.
This program will enhance U.S. competitiveness and benefit the entire industry while simultaneously advancing our IP," says Canoo Chairman and CEO Tony Aquila.
"We are committed to our first research center with UW-Madison to drive groundbreaking advances in electric vehicles—advances that enable us to execute on our mission to bring EVs to everyone."
UW-Madison Chancellor Rebecca Blank says the partnership underscores the benefits of tapping talent at a world-class research university.
"I'm delighted to welcome this partnership with Canoo.
In recent years, a number of industry partners have opened research centers on campus and nearby in Madison," she says.
"This new model allows for greater engagement with students, stronger connections to leading faculty and cutting-edge research,
and access to state-of-the-art university equipment and resources."
University of Wisconsin System President Tommy G. Thompson says it is an example of the Wisconsin Idea.
"The UW System is the state's largest economic engine and the agreement marks another great opportunity to use
UW-Madison's world-class research to drive innovation that changes lives for the better,"
he says. "I am pleased to have facilitated this partnership with Canoo."
Canoo has developed breakthrough electric vehicles, that are reinventing the automotive landscape with bold innovations in design and pioneering technologies.
Distinguished by its technical depth from its experienced team—totaling more than 400 employees from leading technology and automotive companies —
Canoo has designed a modular electric platform purpose-built to deliver maximum vehicle interior space
and adaptable to support a wide range of vehicle applications for consumers and businesses.
For more information, please visit http://www.canoo.com.
For Canoo press materials, including photos, please visit press.
About the University of Wisconsin-Madison
Founded in 1848, the University of Wisconsin–Madison is one of America's great universities.
A public, land-grant institution with more than 45,000 students, UW–Madison offers a complete spectrum of liberal arts, research, professional programs and student activities.
Spanning 936 acres along the southern shore of Lake Mendota, the campus is located in the city of Madison.
Canoo Lifestyle Vehicle (PRNewsfoto/Canoo)
Canoo Pickup Truck (PRNewsfoto/Canoo)
Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/canoo--
Copyright 2021 PR Newswire SHORT REPORTING 05-25-2021 ADD SYMBOL https://otcshortreport.com/company/
WORLD OF INFORMATION 05-19-2021 https://www.wealthdaily.com/about https://www.wealthdaily.com/about $ETEK I'D SAY MAJOR MOVER AFTER SKULL & BONZ NO MORE BUY TRADE. BROKERS ????? DIS CAN STOP ILLEGAL TRADING NAKED SHORT. [& COMPANY'S NOT REPLACING SHORT] WOW DIS WILL BE NICE TO SEE FOR HONEST MGMT'S BORN 02-08-2021 Sons And Daughters Of BBCMF [BIRTH OF SPAC BLANK CHECK ENTITIES] PARENTS ARE FROM BBCMF ,,,#Board-3665 WORLD OF INFORMATION 05-19-2021 SPAC BLANK CHECK ENTITIES
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MORE ITEMS SPACs Attack Recap: 5 Deals, Rumors And Headline News
8:50 am ET April 18, 2021 (Benzinga) Print
It was another busy week for the SPAC market with numerous deal announcements and rumored deals. Benzinga's "SPACs Attack" covered it all throughout the week.
Here is a look back at the announced deals, rumors and some top headlines.
Vicarious Surgical, a next-gen robotics company backed by Bill Gates, announced a SPAC merger to bring the company public. D8 Holdings Corp (NYSE: DEH) will bring Vicarious public in a deal valuing the company
at $1.1 billion.
Gates and Becton, Dickinson (NYSE: BDX) are among the PIPE (Private Investment in Public Equity — a way to attract investment from accredited investors) investors in the deal.
The company develops disruptive technology with the goal of increasing efficiency of surgical procedures,
improving patient outcomes and reducing healthcare costs.
Vicarious says its devices have lower costs and are more portable than legacy robotic surgery offerings.
Tissue repair and regeneration company Surrozen is going public
via SPAC merger with Consonance-HFW Acquisition Corp (NYSE: CHFW).
Proceeds from the deal will be used to help Surrozen advance its pipeline of projects through Phase 1b trials and to discover more
pre-clinical antibody programs.
The company will nominate former Pfizer (NYSE: PFE) Chief Medical Officer Mace Rothenberg to its board of directors.
Independent music company Reservoir Holdings is going public in a SPAC merger with
Roth CH Acquisition Co II (NYSE: ROCC) valuing the company at $788 million.
Reservoir Media has over 140,000 copyrights under its music publishing business including hits from Johnny Cash, John Denver, Lady Gaga, Cardi B and Bruno Mars.
The company also has a creative business that represents musicians
and has rights to more than 26,000 sound recordings that include popular movie soundtracks.
Reservoir Media has not announced any plans to launch NFTs but could be seen as a company that could have upside in the space.
Leading Southeast Asia online food delivery,
ride-hailing and digital wallet company Grab, is going public in the largest SPAC deal ever.
A merger with Altimeter Growth Corp (NASDAQ: AGC) values Grab at
$39.6 billion. Grab had gross merchandise value of $12.5 billion in 2020.
The company targets the 670 million residents of the Southeast Asia region, one of the fastest growing digital economies in the world.
Online penetration for food delivery and electronic transactions in
the regions remains low compared to regions like the U.S. and China.
Grab has diversified its product offerings,
and the company is seeing customers use more of its services.
The proportion of Grab users that use two or more services grew five times over the last to years, according to the company.
Biotech company Tango Therapeutics announced a SPAC merger with BCTG Acquisition Corp (NASDAQ: BCTG).
Tango develops drugs based on synthetic lethality,
a concept that involves tapping into a genetic vulnerability in cancer.
The company has a partnership with Gilead Sciences Inc (NASDAQ: GILD) for up to 15 targets.
Tango expects to file an investigational new drug application by the end of 2021 for its lead drug.
Chinese automaker Geely is exploring the SPAC option to go public.
No specific SPACs have been mentioned yet.
Israeli chipmaker Valens is in talks to go public with PTK Acquisition Corp (NYSE: PTK)
in a deal that could value the company at up to $1.2 billion.
Medical startup Babylon is in talks with Alkuri Global Acquisition Corp (NASDAQ: KURI) to go public.
Babylon connects patients and doctors via an app.
A deal could value Babylon at more than $3 billion.
Connected vehicle technology company Autotalks is in talks to go
public via SPAC merger.
A deal could value the company at $2 billion. No specific companies have been mentioned yet.
Autotalks has strategic contracts with Volkswagen (OTC: VWAGY) and Toyota Motor Corp (NYSE: TM).
Impossible Foods also is exploring to go public via SPAC or traditional IPO.
Soaring Eagle Acquisition Corp (NASDAQ: SRNGU),
which is in talks to take Ginkgo Bioworks public, will split its units on Monday April 19. Investors will be able to buy common shares and warrants beginning next week.
DraftKings Inc (NASDAQ: DKNG) was one of three companies named as official sports betting partners of the NFL.
The companies will be able to use official league logos and
be partners on media and content.
The companies also will use official in-game data from the NFL.
The data is provided to sports betting companies by Genius Sports,
which is going public with dMY Technology Group II (NYSE: DMYD).
Shares of Clover Health Investments Corp (NASDAQ: CLOV) rose Friday as the company was mentioned as a short squeeze candidate with a high percentage of its float traded short.
REE Automotive, which is going public with 10X Capital Venture Acquisition Corp (NASDAQ: VCVC),
signed a strategic collaboration agreement with Magna International (NYSE: MGA).
The partnership will bring a modular electric vehicle design under the Powered by REE brand for potential partners with Magna.
Iconic trading card manufacturer Topps announced plans to launch MLB NFTs on April 20.
Standard packs that contain six digital cards will sell for $5 and premium packs that contain 45 digital cards will sell for $100.
Topps is going public in a SPAC merger with Mudrick Capital Acquisition Corporation II (NASDAQ: MUDS).
News also came out that the SEC could delay the issuing of new SPAC IPOs, with plans to reclassify SPAC warrants as liabilities instead
Quantumscape Corp (NYSE: QS) shares fell on a short report from
Scorpion Capital labeling the company “a pump and dump SPAC scam by Silicon Valley celebrities.”
Software company AvePoint,
which is going public with Apex Technology Acquisition Corp (NASDAQ: APXT),
reported first quarter subscription revenue growth of 49% year-over-year
in what is normally its slowest quarter.
The company raised its full year revenue target to $194 million.
The company also authorized a $20 million share buyback of Apex Technology Acquisition Crop shares prior to the SPAC merger closing.
Be sure to tune into "SPACs Attack," Monday through Friday, 11 a.m. EST. Here are the links to the past week’s shows.
Monday: Changing Digital Health With ShareCare SPAC Interview
Tuesday: Best SPAC Stocks Under $10.50?
Wednesday: Crypto, Lending, Payment, Banking SPACs Coinbase IPO
Thursday: Origin Materials Joins SPACs Attack AACQ
Friday: Why AeroFarms SPAC? SV
Disclosure: The author is long shares of SRNGU.
Photo by Austin Distel on Unsplash.
© 2021 Benzinga.com. Benzinga does not provide investment advice.
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