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” BitFlyer founder seeks to reinstate self as CEO, leading firm to IPO: Report “ Yuzo Kano, the co-founder of Japan-based cryptocurrency exchange bitFlyer, is seeking to reinstate himself as CEO in a shareholders meeting next month, in an apparent bid to reinvigorate what he claims is a stagnating firm. Kano resigned in 2019 following…
“Shareholder vote saves Trump’s Truth Social app from possible shutdown” Donald Trump’s money-losing app Truth Social has been spared from a possible shutdown in the coming weeks after investors voted to extend a deadline on a deal to give the company a major cash injection. More than 65% of investors in Digital World Acquisition Corp….
“CEO behind Trump’s Truth Social IPO begs small investors for support: source” The boss of the company looking to take Donald Trump’s Truth Social app public has personally been canvassing small retail investors in a desperate bid to keep the deal alive, The Post has learned. Patrick Orlando, CEO of Digital World Acquisition Corp., has…
” Chinese chip designer reportedly filed for $50M Nasdaq IPO “ Chinese mining chip designer Nano Labs has applied for an initial public offering (IPO) in the United States to raise $50 million on Nasdaq amid sluggish market conditions. According to information obtained by the Renaissance Capital IPO monitoring tool, the Huangzhou-based crypto mining chip…
“Buzzfeed shares recoup some losses after 41% stock decline” Shares of BuzzFeed went on a rollercoaster ride Tuesday amid the expiration of a ban preventing executives and major institutional investors from selling their shares. BuzzFeed’s stock rose as much as 12% in midday trading, just one day after shares plummeted 41%, closing at $2.23 Monday….
“Forbes scraps plan to go public via SPAC merger” Forbes Global Media, the publisher of Forbes magazine, said it’s doing an about-face on its plans to go public through a merger with a blank-check acquisition firm. The deal, which was announced in August, would have taken the 104-year-old magazine and digital publisher public at a $630…
” Celsius Network’s crypto mining subsidiary SEC filing suggests plans for IPO “ Celsius Mining, the mining subsidiary of crypto lending platform Celsius Network, has filed paperwork with the United States Securities and Exchange Commission, or SEC, suggesting plans for an initial public offering (IPO). In a Monday announcement, Celsius said its mining subsidiary had…
“Fanatics searching for brand identity: Jonathan Mildenhall” Fanatics, a sports merchandising company with a $27 billion valuation, has brought on the former marketing whiz at Airbnb to help the firm develop a brand identity as it looks to go public next year. The company founded by Michael Rubin in 2011 got its start by selling…
” DeFi partnership aims to tokenize shares of pre-IPO companies “ Decentralized finance (DeFi) protocol Portal has partnered with the asset marketplace HighCircleX (HCX) to tokenize stocks of pre-initial public offering (IPO) companies, according to an announcement shared with Cointelegraph on Monday. The collaboration aims to make investing in private equity easier by building on…
” Crypto Biz: The Web3 arms race is upon us, April 14–20, 2022 “ “Web3” used to be an empty industry buzzword that described the next iteration of the internet. In 2022, Web3 is still an annoying buzzword, but at least the blockchain community is trying to assign it real-world utility. This week’s Crypto Biz…