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-0.00180668473351396 0.000903342366756982 -0.00451671183378491 -0.0027009936766034 -0.0040650406504065 -0.0125203252032521 -0.0126467931345981 -0.0108401084010839
Stock impact report

One-time ‘SPAC King' Palihapitiya launches new blank-check vehicle with plan to ‘temper' retail fervor [CNBC]

American Exceptionalism Acquisition Corp. A Class A Ordinary Shares (AEXA) 
Company Research Source: CNBC
The vehicle is designed to target companies in AI, energy, defense and decentralized finance. Palihapitiya once helped ignited the SPAC boom in 2020, but his first wave of deals mostly ended poorly for retail investors who followed along. The investor said he wants to temper retail investors' involvement with his SPACs this time. In this article Chamath Palihapitiya, once dubbed Wall Street's “SPAC King,” is back with a new blank-check vehicle and a promise to do better after a bruising track record. Palihapitiya on Monday launched the American Exceptionalism Acquisition Corp. A (AEXA) , a $345 million SPAC that he said was more than five times oversubscribed, drawing $1.4 billion in demand. The vehicle, which will trade on the New York Stock Exchange, is designed to target companies in AI, energy, defense and decentralized finance. “These are areas where I believe American entrepreneurship can still lead the world, and where a disciplined, institutionally backed vehicle Show less Read more
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