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0.000996015936254959 0.00249003984063749 -0.00498007968127497 -0.0044820717131474 -0.0169322709163347 -0.0194223107569721 -0.0582669322709164 -0.0582669322709164
Stock impact report

Companies seeking government backing race to SPAC [Yahoo! Finance]

Cohen & Company Inc. (COHN) 
NASDAQ:AMEX Investor Relations: en.wikipedia.org/wiki/cohen_(surname)
Company Research Source: Yahoo! Finance
Of the 25 companies that announced plans this year to go public by merging with a listed, blank-check vehicle, eight are critical materials and nuclear energy companies, according to data from S&P. Many are hoping that going public will attract the attention of the Trump administration, which has funneled federal money into listed companies seen as crucial to winning strategic battles with China over access to critical supplies and technologies, said Brandon Sun, head of SPACs at investment bank Cohen & Co. Last year, before President Donald Trump took office, those categories made up just seven of the 67 companies that announced plans for a SPAC merger. SPACs are more lightly regulated than traditional IPOs and allow executives to use rosy financial projections, which has contributed to their declining popularity after a string of companies including WeWork and Lordstown Motors filed for bankruptcy after listing via SPACs. A White House seal of approval has led to share-price Show less Read more
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