Spacs articles

  • Pitbull, T-Pain coming to SPAC in September with 'Party After Dark'

    Grab your “Fireball” and Apple Bottom jeans — Pitbull and special guest T-Pain are bringing the “Party After Dark” to Saratoga Springs. Pitbull’s "Party After Dark Tour," featuring special guest T-Pain, will play the Saratoga Performing Arts Center on Sept. 8. The 26-city tour launches on Aug. 21 from Virginia. Miami-born Pitbull began his career in the early 2000s. Two singles from his fourth studio album “Pitbull Starring in Rebelution” broke into the mainstream in 2009: “I Know You Want Me...

  • 23andMe wants to go private. It's the latest in a line of failed SPACs

    Like a number of companies that went public during the pandemic, 23andMe has for months been trying to manage a terrible case of SPAC-itis, an inflammation that causes plunging stock values due to the business being, as one analyst put it, not “ready for prime time.” 23andMe, the DNA-testing powerhouse that once threw celebrity “spit parties,” went public in 2021 by merging with a special purpose acquisition company (SPAC) funded by billionaire Richard Branson. Briefly, it attained a $6...