Insider Transportation: EV startups take a new road to public markets, airlines ditch change fees, and more
.) But as we head into Labor Day and take a look back at the season, we've noticed a distinct lack of roadYou know, those continent-hopping bonanzas that serve as the prelude to a company's bell-ringing IPO. And it's not because America's small corporations are sitting tight and riding out the storm . In the electric and autonomous vehicle space alone, six companies have gone public or announced plans to do so in the past few months.
Electrified-vehicle makers Nikola, Fisker, Lordstown Motors, and Canoo are all going public via a reverse merger with a special-purpose acquisition company. Those entities, better known as SPACs, raise money, go public, and buy another company, which then becomes publicly traded as well.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tele-dentistry startup Virtudent is being sued by its founder - Business InsiderThe founder of a formerly high-flying telehealth startup is suing his former company, saying it ousted him after he objected to a grow-at-all-costs strategy that 'jeopardized patient health'
Read more »
E-commerce startup Moteefe raises $11 million in funding - 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.
Read more »
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.
Read more »
4 things every investor should do during stock market drop, says CFP - 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.
Read more »
Bill Ackman says market uproar isn't 'the beginning of the end' - 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.
Read more »