Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Comcast dumps 18.5% of its BuzzFeed stock
Comcast Dumps 6 Million Shares of Buzzfeed After Media Company Finally Gets a Bump
Comcast dumped 18.5% of its BuzzFeed (NASDAQ:BZFD) stock in recent days, reducing its holdings in the online media company to just under 20% of the shares.
Comcast said its NBCUniversal unit netted almost $15.7 million in sales of 5.7 million shares since Monday in a regulatory filing.
In 2015, NBCUniversal invested $200 million in BuzzFeed and had plans to distribute its content on the digital news site. In the filing, NBCUniversal said it still owns more than 25 million shares, or 19.97% of BuzzFeed’s outstanding stock, but said it may continue selling.
BuzzFeed completed its merger with 890 5th Avenue Partners in December 2021.
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Terms Tracker for the Week Ending March 17, 2023 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. Despite this week’s headlines about bank failures, EF Hutton managed to file both a new S-1 registration statement and price an IPO. They should have...
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Tech and Energy Transition Corp. (NASDAQ: TETC) announced this afternoon that its shareholders have voted against a proposal to extend the SPAC’s timeline to complete a business combination. Holders of 38,069,946 shares of TETC’s common stock, comprised of 28,495,396 shares of Class A common stock, and 9,575,000 shares of Class B common stock, were present at...
Direct Selling Acquisition Corp. (NYSE: DSAQ) announced this morning that it intends to adjourn its extension vote, originally scheduled to be held on March 22, and will reconvene on March 24 at 11:00 a.m. The SPAC has also extended the redemption deadline to March 22 at 5:00 p.m. It is currently facing a completion deadline of March...
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: Saudi Arabia explores setting up framework for SPAC listings, and Boxed considers filing for bankruptcy Saudi Arabia Explores Setting Up Framework for SPAC Listings Saudi Arabia’s market regulator is looking into setting up a...