Business > Tennis

Serena Williams-backed SPAC to take digital manufacturing firm Velo3D public in $1.6 billion deal

1 month ago   |   By Business Insider

Summary List Placement Digital manufacturing firm Velo3D announced on Tuesday that it will merge with Jaws Spitfire Acquisition, a blank-check company backed by tennis legend Serena Williams , in a deal that will put the combined company at an enterprise value of approximately $1.6 billion.
The merger is expected to occur in the second half of 2021. The combined company will operate as Velo3D and will trade under the ticker symbol VLD.
The Silicon Valley-based manufacturing firm will receive up to $345 million from Jaws Spitfire's cash in trust and a $155 million private placement of...
Read more ...

 


Search by Tags

   Tennis  


Twitter begins testing its new Tip Jar feature to directly pay other users

Twitter begins testing its new Tip Jar feature to directly pay other users

You'll soon be able to tip your favorite tweeters. What you need to know Twitter is starting to test its new Tip Jar feature. The feature allows you to leave a tip for your... Read more ...

`We Build the Wall' cofounder Brian Kolfage, never pardoned by Trump...

`We Build the Wall' cofounder Brian Kolfage, never pardoned by Trump, indicted in tax case

Summary List Placement Brian Kolfage, the cofounder of a failed and fraudulent crowdfunding effort to build a wall along the US-Mexico border with Steve Bannon, is facing a new... Read more ...

A member of Facebook's 'Supreme Court' said its pushing the company to...

A member of Facebook's 'Supreme Court' said its pushing the company to decide how long Trump should be banned because it lacks an evenly distributed rule system - 'This was a decision about Facebook'

Summary List Placement A member of Facebook's Oversight Board said its decision not to rule on how long former President Donald Trump should stay suspended had more to do with... Read more ...

Peloton's dragging its feet on the treadmill recall exposes larger safety...

Peloton's dragging its feet on the treadmill recall exposes larger safety issues - but some experts say the multi-billion dollar company will emerge unscathed

Summary List Placement Peloton is facing its second major recall in less than a year. The company issued a voluntary recall of all treadmill models on Wednesday, after a child... Read more ...

Bank of England boosts 2021 UK growth forecast to 7.25% in wake of...

Bank of England boosts 2021 UK growth forecast to 7.25% in wake of successful vaccine rollout

Summary List Placement The Bank of England sharply upgraded its forecasts for the UK economy on Thursday, citing the successful rollout of coronavirus vaccines and a sharp drop... Read more ...

Pfizer is donating COVID-19 vaccines to Tokyo Olympics athletes

Pfizer is donating COVID-19 vaccines to Tokyo Olympics athletes

Summary List Placement Pfizer and BioNTech announced on Thursday that are donating vaccine doses to vaccinate athletes for this summer's Tokyo Olympics. In a statement , they... Read more ...

10 things you need to know before the opening bell

10 things you need to know before the opening bell

Summary List Placement Welcome to 10 Things Before the Opening Bell. Sign up here to get this email in your inbox every morning. Sign up for Insider Investing for your weekly... Read more ...

Boris Johnson has sent gunboats to Jersey as France threatens to cut power...

Boris Johnson has sent gunboats to Jersey as France threatens to cut power to island in Brexit fishing protest

Summary List Placement Two British gunboats dispatched by Boris Johnson to Jersey have arrived after around 80 French boats gathered there to demand greater access to the... Read more ...

A supportive wife's detailed Facebook posts led investigators directly to...

A supportive wife's detailed Facebook posts led investigators directly to one alleged Capitol riot attendee

Summary List Placement A Pennsylvania man was arrested and charged Tuesday over his participation in the January 6 Capitol attack after investigators used screenshots of his... Read more ...

Biden administration supports waiving intellectual property rights for...

Biden administration supports waiving intellectual property rights for COVID-19 vaccines - a big step in making vaccines more accessible to developing nations

Summary List Placement The Biden administration announced Wednesday that it supports waiving intellectual property rights for coronavirus vaccines, saying "extraordinary... Read more ...