Tag: stock market

May 26, 2023 - 11:39 am

Nikola threatened with stock market delisting

The American electric truck manufacturer Nikola Motor is threatened with exclusion from the US stock exchange Nasdaq. Because the share price was below one US dollar per share for 30 consecutive days, Nikola no longer complies with Nasdaq regulations.

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May 3, 2023 - 03:56 pm

Lordstown may falter if Foxconn deal falls through

In a filing to the SEC, electric vehicle start-up Lordstown Motors warns that it may go bankrupt against the backdrop of contract manufacturer Foxconn walking away from a crucial deal. And there is also Lordstown own share price.

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Mar 8, 2023 - 03:38 pm

Sakuu aims to go public via merger with Plum

Sakuu, a California-based developer of 3D-printed solid-state batteries, will become a publicly traded company. To do so, it will merge with the special purpose acquisition company (SPAC) Plum Acquisition Corp. I.

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Feb 7, 2023 - 11:29 am

Canoo issues further shares

California-based electric car start-up Canoo is looking to raise around 52.5 million dollars through share sales at a steeply discounted rate. Agreements with several investors have already been reached, but the deals have yet to be completed.

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Feb 6, 2023 - 03:46 pm

Hindenburg Research attacks Indian Adani Group

Allegations by Hindenburg Research are once again causing a company to falter. The short seller accuses the Indian conglomerate Adani Group of price manipulation and accounting fraud, causing Adani’s share price to plummet. Adani, which is also involved in eMobility projects, denies the allegations.

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Feb 1, 2023 - 02:14 pm

Lotus to go public via IPO with L Catterton Asia

The Geely subsidiary Lotus has announced its intention to list its electric car division Lotus Technology on the stock exchange. Accordingly, the plan is to list on the US stock exchange Nasdaq through a merger with L Catterton Asia Acquisition Corporation, which is already listed there.

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Feb 1, 2023 - 11:45 am

ABB E-Mobility takes in €326 million in financing

Swiss technology group ABB has raised a further 325 million Swiss francs from four investors, including Porsche SE, for its e-mobility division with its charging station business in the second and final round of its pre-IPO private placement.

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Dec 13, 2022 - 03:42 pm

Zeekr seeks over $1 billion via IPO in the USA

Zeekr has confidentially filed for a US public offering to raise over $1 billion in capital, according to inside sources. Zeekr lodged its filings with US regulators last week and is planning to go public in New York as early as the second quarter of 2023.

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Nov 22, 2022 - 01:34 pm

SVOLT to hit the Chinese stock exchange

The battery cell manufacturer SVOLT, which emerged from the Chinese carmaker Great Wall, has applied for its IPO in China. The listing on the Star Market technology exchange is expected to bring SVOLT 15 billion yuan (around 2 billion euros).

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Nov 9, 2022 - 12:44 pm

Musk sells almost $4 billion in Tesla stocks

Elon Musk has dumped another 19.5 million Tesla shares worth $3.95 billion. Musk now still holds around 14 per cent of Tesla. The value of Tesla shares has fallen to its lowest level in almost a year and a half.

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Nov 8, 2022 - 07:08 pm

Arrival still bogged down in launch difficulties

Things at the British electric vehicle start-up Arrival apparently continue to be anything but smooth. After the strategic reorientation of the company, there are now media reports that an Arrival electric delivery van caught fire during a demonstration for the customer UPS.

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Sep 28, 2022 - 12:44 pm

LiveWire hits the New York stock exchange

Harley-Davidson has completed the announced IPO of its electric motorbike brand LiveWire via a SPAC merger with the exchange shell AEA-Bridges Impact Corporation (ABIC). In addition, the second series model Del Mar can be reserved again.

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Aug 10, 2022 - 10:53 am

Elon Musk now holds only 15 per cent of Tesla

Elon Musk has sold 7.92 million Tesla shares worth 6.9 billion dollars in the past few days. However, the sales have nothing to do with Tesla itself – Musk is preparing to potentially have to buy Twitter.

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May 15, 2022 - 03:10 pm

Renault considers spinning off e-mobility business

Renault has now confirmed that it has launched a strategic review into a spin-off of its electric car business – and provides more details. Specifically, a separate company in France could be dedicated to the development, production and distribution of electric vehicles and software.

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May 12, 2022 - 12:53 pm

Rivian broadens quarterly loss year-by-year

The US electric car start-up Rivian has presented its business figures for the first quarter of 2022. The net loss in the first three months of the year was 1.59 billion US dollars, compared to 414 million US dollars in the same quarter of the previous year. Compared to Q4 2021, however, the loss fell.

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Apr 28, 2022 - 10:53 am

Tesla value drops as Musk takes over Twitter

Hardly any other topic is currently as polarising as Elon Musk’s takeover of Twitter. Tesla’s shares lost eleven per cent or 114 billion US dollars in value after the deal was announced. Henrik Fisker, head of the electric car manufacturer Fisker, and Musk rival for many years, immediately deleted his Twitter account.

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Apr 26, 2022 - 03:20 pm

Twaice closes $30 million financing round

The battery analytics company Twaice has secured additional Series B funding of 30 million US dollars from investor Coatue and existing investors. The Munich-based company plans to use the money to further develop its platform and open new locations.

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Apr 25, 2022 - 12:50 pm

Renault rumoured to sell off their stake in Nissan

Renault is rumoured to be considering a partial sale of its roughly 43 per cent stake in Nissan as part of the possible spin-off and IPO of its electric car business. What impact this would have on the alliance and the joint electric platforms is an open question.

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Apr 22, 2022 - 11:31 am

Stock market manipulation around Tesla again

A few days ago, a stock market service circulated the news that Tesla had bought the exploration company Lithium Corporation. Later it turned out that the announcement was apparently a deliberate hoax to increase the value of the lithium company’s share.

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Apr 11, 2022 - 04:23 pm

Hindenburg Research takes aim for Mullen

Hindenburg Research is once again making serious allegations of fraud against an electric car start-up. This time, the US company Mullen Automotive has been targeted by the short seller. Hindenburg accuses Mullen of having deceived its investors.

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Apr 6, 2022 - 04:28 pm

Gogoro completes US IPO

Gogoro has completed its IPO in the US. The Taiwanese electric scooter and battery exchange provider completed its merger with the special purpose vehicle Poema Global and is now listed on Nasdaq under the ticker symbols ‘GGR’ and ‘GGROW’.

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Found on electrive.com
https://www.electrive.com/2023/05/26/nikola-threatened-with-stock-market-delisting/
26.05.2023 11:47