sleeepyx personal page - To The Moon

sleeepyx

sleeepyx

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2021-05-27

$Oatly Group AB(OTLY)$oh yes!

2021-06-13

Something to watch

2021-06-09

Hmmmmm

2021-06-02

$Solar Integrated Roofing Corporation(SIRC)$yes why cant we buy this?

2021-05-21

Fuiyo

UPDATE 1-JD Logistics to raise $3.16 bln in Hong Kong IPO -sources

2021-05-21

What???

Nvidia announces four-for-one stock split

2021-05-18

Cmon, go back up

2021-05-16

?

The SPACsplosion has reached a reckoning

2021-05-14

$Annaly Capital Management(NLY)$fuiyoh gogogo!

2021-05-14

Looking good!

Go to Tiger App to see more news

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href=\"https://laohu8.com/S/002714\">$牧原股份(002714)$</a>牧原股份2020年度股東大會見聞及感想原創&nbsp;一凡帝諾維奇&nbsp;一凡帝諾維奇&nbsp;今天&nbsp;&nbsp;&nbsp;&nbsp;有潔哥這篇《道之於牧原》珠玉在前，其實有些不敢發文獻醜。這兩天在參會期間有幸向牧原優秀投資者學習時已經深刻感受到了他們的高度和深度，自己對投資的理解，包括對牧原的理解，最多也只能算是初窺門徑，需要學習和提升的實在太多。&nbsp;&nbsp;&nbsp;不過在南陽兩天的時間，學習到的東西太多，這裏也算是記錄一下自己的感受，同時從細節談一下自己的想法吧。以下內容有個人感情在內，請大家批判閱讀。一，秦董事長是有情懷的人&nbsp;&nbsp;&nbsp;兩個多小時的股東會，除了一些固定的流程，剩餘的時間幾乎就是秦董事長的個人演講，從企業文化到經營理念，從技術細節到發展規劃。在講到企業文化時，秦董事長一直在強調，公司不講情懷講利益，但是當有股東詢問秦董事長爲什麼在幾天前的全國畜牧博覽會上公開低蛋白飼料配上而不是用於生產商品飼料賺取利潤時，秦董事長想了想說，還是因爲情懷吧。&nbsp;&nbsp;&nbsp;&nbsp;而在我的印象裏，秦董事長一直是很有情懷的人。&nbsp;&nbsp;&nbsp;&nbsp;我出生的地方有着非常深厚和廣泛的養豬傳統，2020年仍保持着全國生豬出欄第一大市，身邊的親戚朋友養豬的也特別多，加上我的父親90年代初就在西藏嘗試過規模化養豬（雖然失敗了），所以我從小對養豬這個行業都有着濃厚的興趣，06-08年時中國經歷了一波150%的豬價漲幅，媒體上對於豬價和養豬行業的報道也十分密集，而當時牧原的規模雖然還不算很大，但是秦董事長在中國養豬行業的地位已經不低。1997年，當選爲第二屆“中國十大傑出","listText":"<a 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不過在南陽兩天的時間，學習到的東西太多，這裏也算是記錄一下自己的感受，同時從細節談一下自己的想法吧。以下內容有個人感情在內，請大家批判閱讀。一，秦董事長是有情懷的人 兩個多小時的股東會，除了一些固定的流程，剩餘的時間幾乎就是秦董事長的個人演講，從企業文化到經營理念，從技術細節到發展規劃。在講到企業文化時，秦董事長一直在強調，公司不講情懷講利益，但是當有股東詢問秦董事長爲什麼在幾天前的全國畜牧博覽會上公開低蛋白飼料配上而不是用於生產商品飼料賺取利潤時，秦董事長想了想說，還是因爲情懷吧。 而在我的印象裏，秦董事長一直是很有情懷的人。 我出生的地方有着非常深厚和廣泛的養豬傳統，2020年仍保持着全國生豬出欄第一大市，身邊的親戚朋友養豬的也特別多，加上我的父親90年代初就在西藏嘗試過規模化養豬（雖然失敗了），所以我從小對養豬這個行業都有着濃厚的興趣，06-08年時中國經歷了一波150%的豬價漲幅，媒體上對於豬價和養豬行業的報道也十分密集，而當時牧原的規模雖然還不算很大，但是秦董事長在中國養豬行業的地位已經不低。1997年，當選爲第二屆“中國十大傑出","images":[],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/139578511","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1026,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":131930096,"gmtCreate":1621820300715,"gmtModify":1704362739877,"author":{"id":"3574990322495539","authorId":"3574990322495539","name":"sleeepyx","avatar":"https://static.tigerbbs.com/a0a29388673f483856a5e08c30343e21","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574990322495539","idStr":"3574990322495539"},"themes":[],"htmlText":"How's 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it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/133353142","repostId":"2137189918","repostType":2,"isVote":1,"tweetType":1,"viewCount":706,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":139800188,"gmtCreate":1621604494544,"gmtModify":1704360421001,"author":{"id":"3574990322495539","authorId":"3574990322495539","name":"sleeepyx","avatar":"https://static.tigerbbs.com/a0a29388673f483856a5e08c30343e21","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574990322495539","idStr":"3574990322495539"},"themes":[],"htmlText":"Fuiyo","listText":"Fuiyo","text":"Fuiyo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/139800188","repostId":"2137797406","repostType":2,"repost":{"id":"2137797406","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1621565260,"share":"https://ttm.financial/m/news/2137797406?lang=en_US&edition=fundamental","pubTime":"2021-05-21 10:47","market":"hk","language":"en","title":"UPDATE 1-JD Logistics to raise $3.16 bln in Hong Kong IPO -sources","url":"https://stock-news.laohu8.com/highlight/detail?id=2137797406","media":"Reuters","summary":"(Adds deal detail)   By Scott Murdoch   HONG KONG, May 21 (Reuters) - JD Logistics Inc has indicated","content":"<html><body><p>(Adds deal detail)</p><p>   By Scott Murdoch</p><p>   HONG KONG, May 21 (Reuters) - JD Logistics Inc has indicated it will price shares at HK$40.36 ($5.20), towards the lower end of its flagged range, to raise $3.16 billion in a Hong Kong initial public offering <a href=\"https://laohu8.com/S/IPO.UK\">$(IPO.UK)$</a>, two people with direct knowledge of the matter said.</p><p>   The people declined to be identified as the information has not yet been made public. </p><p>   JD Logistics did not immediately reply to a request for comment.</p><p>   It had set a price range of HK$39.36 to HK$43.36 per share which would have raised $3.4 billion at the top end.</p><p>   The company sold 609.1 million shares in the deal, which is Hong Kong's second-largest IPO this year following Kuaishou Technology    raising $5.4 billion in January.</p><p>   JD Logistics sold 10% of its total shares in the transaction, valuing the company at $31.6 billion.</p><p>   An over-allotment option, or so-called greenshoe, exists to sell a further 91 million shares within 30 days of the shares starting trade.</p><p>   JD Logistics is due to debut on the Hong Kong Stock Exchange on May 28.</p><p>   The company recorded 22.4 billion yuan ($3.48 billion) in revenue in the first quarter of 2021, up 64.1% from the same period in 2020.</p><p>   Its gross profit for the quarter reached 230.7 million yuan, down 72.7% from the same time last year, which it blamed on the impact of the novel coronavirus pandemic as well as adding 60,000 workers to its headcount during the year.</p><p>($1 = 7.7621 Hong Kong dollars) ($1 = 6.4341 Chinese yuan renminbi)</p><p> (Reporting by Scott Murdoch in Hong Kong; Editing by Tom Hogue and Christopher Cushing)</p><p>((Scott.Murdoch@thomsonreuters.com;))</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>UPDATE 1-JD Logistics to raise $3.16 bln in Hong Kong IPO -sources</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUPDATE 1-JD Logistics to raise $3.16 bln in Hong Kong IPO -sources\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-05-21 10:47</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>(Adds deal detail)</p><p>   By Scott Murdoch</p><p>   HONG KONG, May 21 (Reuters) - JD Logistics Inc has indicated it will price shares at HK$40.36 ($5.20), towards the lower end of its flagged range, to raise $3.16 billion in a Hong Kong initial public offering <a href=\"https://laohu8.com/S/IPO.UK\">$(IPO.UK)$</a>, two people with direct knowledge of the matter said.</p><p>   The people declined to be identified as the information has not yet been made public. </p><p>   JD Logistics did not immediately reply to a request for comment.</p><p>   It had set a price range of HK$39.36 to HK$43.36 per share which would have raised $3.4 billion at the top end.</p><p>   The company sold 609.1 million shares in the deal, which is Hong Kong's second-largest IPO this year following Kuaishou Technology    raising $5.4 billion in January.</p><p>   JD Logistics sold 10% of its total shares in the transaction, valuing the company at $31.6 billion.</p><p>   An over-allotment option, or so-called greenshoe, exists to sell a further 91 million shares within 30 days of the shares starting trade.</p><p>   JD Logistics is due to debut on the Hong Kong Stock Exchange on May 28.</p><p>   The company recorded 22.4 billion yuan ($3.48 billion) in revenue in the first quarter of 2021, up 64.1% from the same period in 2020.</p><p>   Its gross profit for the quarter reached 230.7 million yuan, down 72.7% from the same time last year, which it blamed on the impact of the novel coronavirus pandemic as well as adding 60,000 workers to its headcount during the year.</p><p>($1 = 7.7621 Hong Kong dollars) ($1 = 6.4341 Chinese yuan renminbi)</p><p> (Reporting by Scott Murdoch in Hong Kong; Editing by Tom Hogue and Christopher Cushing)</p><p>((Scott.Murdoch@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"02618":"京东物流"},"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2137797406","content_text":"(Adds deal detail)   By Scott Murdoch   HONG KONG, May 21 (Reuters) - JD Logistics Inc has indicated it will price shares at HK$40.36 ($5.20), towards the lower end of its flagged range, to raise $3.16 billion in a Hong Kong initial public offering $(IPO.UK)$, two people with direct knowledge of the matter said.   The people declined to be identified as the information has not yet been made public.    JD Logistics did not immediately reply to a request for comment.   It had set a price range of HK$39.36 to HK$43.36 per share which would have raised $3.4 billion at the top end.   The company sold 609.1 million shares in the deal, which is Hong Kong's second-largest IPO this year following Kuaishou Technology    raising $5.4 billion in January.   JD Logistics sold 10% of its total shares in the transaction, valuing the company at $31.6 billion.   An over-allotment option, or so-called greenshoe, exists to sell a further 91 million shares within 30 days of the shares starting trade.   JD Logistics is due to debut on the Hong Kong Stock Exchange on May 28.   The company recorded 22.4 billion yuan ($3.48 billion) in revenue in the first quarter of 2021, up 64.1% from the same period in 2020.   Its gross profit for the quarter reached 230.7 million yuan, down 72.7% from the same time last year, which it blamed on the impact of the novel coronavirus pandemic as well as adding 60,000 workers to its headcount during the year.($1 = 7.7621 Hong Kong dollars) ($1 = 6.4341 Chinese yuan renminbi) (Reporting by Scott Murdoch in Hong Kong; Editing by Tom Hogue and Christopher Cushing)((Scott.Murdoch@thomsonreuters.com;))","news_type":1,"symbols_score_info":{"90032":1,"02618":0.9}},"isVote":1,"tweetType":1,"viewCount":701,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":139175256,"gmtCreate":1621604406975,"gmtModify":1704360416962,"author":{"id":"3574990322495539","authorId":"3574990322495539","name":"sleeepyx","avatar":"https://static.tigerbbs.com/a0a29388673f483856a5e08c30343e21","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574990322495539","idStr":"3574990322495539"},"themes":[],"htmlText":"What???","listText":"What???","text":"What???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/139175256","repostId":"1104206984","repostType":4,"repost":{"id":"1104206984","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1621602307,"share":"https://ttm.financial/m/news/1104206984?lang=en_US&edition=fundamental","pubTime":"2021-05-21 21:05","market":"us","language":"en","title":"Nvidia announces four-for-one stock split","url":"https://stock-news.laohu8.com/highlight/detail?id=1104206984","media":"Tiger Newspress","summary":"Nvidia stock surged 4% in premarket trading after Nvidia announcing four-for-one stock split, pending stockholder approval at annual meeting set for june 3.NVIDIA today announced that its board of directors declared a four-for-one split of NVIDIA’s common stock in the form of a stock dividend to make stock ownership more accessible to investors and employees.The stock dividend is conditioned on obtaining stockholder approval at the company’s 2021 Annual Meeting of Stockholders ― to be held virtu","content":"<p>Nvidia&nbsp;stock&nbsp;surged&nbsp;4%&nbsp;in premarket trading&nbsp;after&nbsp;Nvidia announcing four-for-one stock split, pending stockholder approval at annual meeting set for june 3.</p><p><img src=\"https://static.tigerbbs.com/7ce7f341b06f2a7d0ff51e4ab3cb6f2e\" tg-width=\"1302\" tg-height=\"833\" referrerpolicy=\"no-referrer\"></p><p>NVIDIA today announced that its board of directors declared a four-for-one split of NVIDIA’s common stock in the form of a stock dividend to make stock ownership more accessible to investors and employees.</p><p>The stock dividend is conditioned on obtaining stockholder approval at the company’s 2021 Annual Meeting of Stockholders ― to be held virtually on Thursday, June 3, at 11 a.m. PT ― to increase the number of authorized shares of common stock to 4 billion shares.</p><p>If approval is obtained, each NVIDIA stockholder of record at the close of business on June 21, 2021, will receive a dividend of three additional shares of common stock for every share held on the record date, to be distributed after the close of trading on July 19, 2021. Trading is expected to begin on a stock split-adjusted basis on July 20.</p><p><b>About NVIDIA</b></p><p>NVIDIA’s (NASDAQ: NVDA) invention of the GPU in 1999 sparked the growth of the PC gaming market and has redefined modern computer graphics, high performance computing and artificial intelligence. The company’s pioneering work in accelerated computing and AI is reshaping trillion-dollar industries, such as transportation, healthcare and manufacturing, and fueling the growth of many others.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nvidia announces four-for-one stock split</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNvidia announces four-for-one stock split\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-05-21 21:05</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Nvidia&nbsp;stock&nbsp;surged&nbsp;4%&nbsp;in premarket trading&nbsp;after&nbsp;Nvidia announcing four-for-one stock split, pending stockholder approval at annual meeting set for june 3.</p><p><img src=\"https://static.tigerbbs.com/7ce7f341b06f2a7d0ff51e4ab3cb6f2e\" tg-width=\"1302\" tg-height=\"833\" referrerpolicy=\"no-referrer\"></p><p>NVIDIA today announced that its board of directors declared a four-for-one split of NVIDIA’s common stock in the form of a stock dividend to make stock ownership more accessible to investors and employees.</p><p>The stock dividend is conditioned on obtaining stockholder approval at the company’s 2021 Annual Meeting of Stockholders ― to be held virtually on Thursday, June 3, at 11 a.m. PT ― to increase the number of authorized shares of common stock to 4 billion shares.</p><p>If approval is obtained, each NVIDIA stockholder of record at the close of business on June 21, 2021, will receive a dividend of three additional shares of common stock for every share held on the record date, to be distributed after the close of trading on July 19, 2021. Trading is expected to begin on a stock split-adjusted basis on July 20.</p><p><b>About NVIDIA</b></p><p>NVIDIA’s (NASDAQ: NVDA) invention of the GPU in 1999 sparked the growth of the PC gaming market and has redefined modern computer graphics, high performance computing and artificial intelligence. The company’s pioneering work in accelerated computing and AI is reshaping trillion-dollar industries, such as transportation, healthcare and manufacturing, and fueling the growth of many others.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1104206984","content_text":"Nvidia stock surged 4% in premarket trading after Nvidia announcing four-for-one stock split, pending stockholder approval at annual meeting set for june 3.NVIDIA today announced that its board of directors declared a four-for-one split of NVIDIA’s common stock in the form of a stock dividend to make stock ownership more accessible to investors and employees.The stock dividend is conditioned on obtaining stockholder approval at the company’s 2021 Annual Meeting of Stockholders ― to be held virtually on Thursday, June 3, at 11 a.m. PT ― to increase the number of authorized shares of common stock to 4 billion shares.If approval is obtained, each NVIDIA stockholder of record at the close of business on June 21, 2021, will receive a dividend of three additional shares of common stock for every share held on the record date, to be distributed after the close of trading on July 19, 2021. Trading is expected to begin on a stock split-adjusted basis on July 20.About NVIDIANVIDIA’s (NASDAQ: NVDA) invention of the GPU in 1999 sparked the growth of the PC gaming market and has redefined modern computer graphics, high performance computing and artificial intelligence. The company’s pioneering work in accelerated computing and AI is reshaping trillion-dollar industries, such as transportation, healthcare and manufacturing, and fueling the growth of many others.","news_type":1,"symbols_score_info":{"NVDA":0.9}},"isVote":1,"tweetType":1,"viewCount":761,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":139171867,"gmtCreate":1621604193959,"gmtModify":1704360410640,"author":{"id":"3574990322495539","authorId":"3574990322495539","name":"sleeepyx","avatar":"https://static.tigerbbs.com/a0a29388673f483856a5e08c30343e21","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574990322495539","idStr":"3574990322495539"},"themes":[],"htmlText":"Looking good","listText":"Looking good","text":"Looking good","images":[{"img":"https://static.tigerbbs.com/f605d939c171ba80c38ff3c6e6414ef3","width":"1080","height":"3093"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/139171867","isVote":1,"tweetType":1,"viewCount":651,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":130368563,"gmtCreate":1621513791052,"gmtModify":1704358846370,"author":{"id":"3574990322495539","authorId":"3574990322495539","name":"sleeepyx","avatar":"https://static.tigerbbs.com/a0a29388673f483856a5e08c30343e21","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574990322495539","idStr":"3574990322495539"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/IQ\">$iQiyi Inc.(IQ)$</a>cmon!","listText":"<a href=\"https://laohu8.com/S/IQ\">$iQiyi Inc.(IQ)$</a>cmon!","text":"$iQiyi Inc.(IQ)$cmon!","images":[{"img":"https://static.tigerbbs.com/bfd0fdba4046707d78d6b427a6952b61","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/130368563","isVote":1,"tweetType":1,"viewCount":692,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":130361779,"gmtCreate":1621513741291,"gmtModify":1704358845721,"author":{"id":"3574990322495539","authorId":"3574990322495539","name":"sleeepyx","avatar":"https://static.tigerbbs.com/a0a29388673f483856a5e08c30343e21","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574990322495539","idStr":"3574990322495539"},"themes":[],"htmlText":"Will it go up?","listText":"Will it go up?","text":"Will it go up?","images":[{"img":"https://static.tigerbbs.com/1ebdf39f2532282a7ccb4ecc6c086077","width":"1080","height":"3120"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/130361779","isVote":1,"tweetType":1,"viewCount":816,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":130335437,"gmtCreate":1621511593929,"gmtModify":1704358809788,"author":{"id":"3574990322495539","authorId":"3574990322495539","name":"sleeepyx","avatar":"https://static.tigerbbs.com/a0a29388673f483856a5e08c30343e21","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574990322495539","idStr":"3574990322495539"},"themes":[],"htmlText":"Hmmmmmmmmmm","listText":"Hmmmmmmmmmm","text":"Hmmmmmmmmmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/130335437","repostId":"2136237739","repostType":2,"repost":{"id":"2136237739","kind":"highlight","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1621503605,"share":"https://ttm.financial/m/news/2136237739?lang=en_US&edition=fundamental","pubTime":"2021-05-20 17:40","market":"us","language":"en","title":"5 Stocks To Watch For May 20, 2021","url":"https://stock-news.laohu8.com/highlight/detail?id=2136237739","media":"Benzinga","summary":"Some of the stocks that may grab investor focus today are:","content":"<p>Some of the stocks that may grab investor focus today are:</p>\n<ul>\n <li>Wall Street expects <b> Hormel Foods Corp</b> (NYSE:HRL) to report quarterly earnings at $0.41 per share on revenue of $2.42 billion before the opening bell. Hormel shares gained 0.2% to $46.05 in after-hours trading.</li>\n <li><b><a href=\"https://laohu8.com/S/LB\">L Brands Inc</a></b> (NYSE:LB) reported better-than-expected earnings for its first quarter and issued strong earnings forecast for the current quarter. The company named Wendy Arlin as Bath &amp; Body Works CFO and Tim Johnson as Victoria's Secret CFO. L Brands shares fell 2% to $65.95 in the after-hours trading session.</li>\n <li>Analysts are expecting <b> BJs Wholesale Club Holdings Inc</b> (NYSE:BJ) to have earned $0.57 per share on revenue of $3.62 billion for the latest quarter. The company will release earnings before the markets open. BJs Wholesale shares rose 1.2% to $49.14 in after-hours trading.</li>\n</ul>\n<ul>\n <li><b>Cisco Systems Inc</b> (NASDAQ:CSCO) reported upbeat results for its third quarter, but issued weak profit forecast for the current quarter. Cisco shares dropped 5.6% to $49.52 in the after-hours trading session.</li>\n <li>Analysts expect <b> Applied Materials, Inc.</b> (NASDAQ:AMAT) to post quarterly earnings at $1.51 per share on revenue of $5.41 billion after the closing bell. Applied Materials shares gained 2.5% to close at $124.80 on Wednesday.</li>\n</ul>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>5 Stocks To Watch For May 20, 2021</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n5 Stocks To Watch For May 20, 2021\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-05-20 17:40</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Some of the stocks that may grab investor focus today are:</p>\n<ul>\n <li>Wall Street expects <b> Hormel Foods Corp</b> (NYSE:HRL) to report quarterly earnings at $0.41 per share on revenue of $2.42 billion before the opening bell. Hormel shares gained 0.2% to $46.05 in after-hours trading.</li>\n <li><b><a href=\"https://laohu8.com/S/LB\">L Brands Inc</a></b> (NYSE:LB) reported better-than-expected earnings for its first quarter and issued strong earnings forecast for the current quarter. The company named Wendy Arlin as Bath &amp; Body Works CFO and Tim Johnson as Victoria's Secret CFO. L Brands shares fell 2% to $65.95 in the after-hours trading session.</li>\n <li>Analysts are expecting <b> BJs Wholesale Club Holdings Inc</b> (NYSE:BJ) to have earned $0.57 per share on revenue of $3.62 billion for the latest quarter. The company will release earnings before the markets open. BJs Wholesale shares rose 1.2% to $49.14 in after-hours trading.</li>\n</ul>\n<ul>\n <li><b>Cisco Systems Inc</b> (NASDAQ:CSCO) reported upbeat results for its third quarter, but issued weak profit forecast for the current quarter. Cisco shares dropped 5.6% to $49.52 in the after-hours trading session.</li>\n <li>Analysts expect <b> Applied Materials, Inc.</b> (NASDAQ:AMAT) to post quarterly earnings at $1.51 per share on revenue of $5.41 billion after the closing bell. Applied Materials shares gained 2.5% to close at $124.80 on Wednesday.</li>\n</ul>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HRL":"荷美尔","LB":"LandBridge Co. LLC","CSCO":"思科","BJ":"BJ批发俱乐部"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2136237739","content_text":"Some of the stocks that may grab investor focus today are:\n\nWall Street expects  Hormel Foods Corp (NYSE:HRL) to report quarterly earnings at $0.41 per share on revenue of $2.42 billion before the opening bell. Hormel shares gained 0.2% to $46.05 in after-hours trading.\nL Brands Inc (NYSE:LB) reported better-than-expected earnings for its first quarter and issued strong earnings forecast for the current quarter. The company named Wendy Arlin as Bath & Body Works CFO and Tim Johnson as Victoria's Secret CFO. L Brands shares fell 2% to $65.95 in the after-hours trading session.\nAnalysts are expecting  BJs Wholesale Club Holdings Inc (NYSE:BJ) to have earned $0.57 per share on revenue of $3.62 billion for the latest quarter. The company will release earnings before the markets open. BJs Wholesale shares rose 1.2% to $49.14 in after-hours trading.\n\n\nCisco Systems Inc (NASDAQ:CSCO) reported upbeat results for its third quarter, but issued weak profit forecast for the current quarter. Cisco shares dropped 5.6% to $49.52 in the after-hours trading session.\nAnalysts expect  Applied Materials, Inc. (NASDAQ:AMAT) to post quarterly earnings at $1.51 per share on revenue of $5.41 billion after the closing bell. Applied Materials shares gained 2.5% to close at $124.80 on Wednesday.","news_type":1,"symbols_score_info":{"HRL":0.9,"BJ":0.9,"CSCO":0.9,"LB":0.9}},"isVote":1,"tweetType":1,"viewCount":722,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":197978070,"gmtCreate":1621424267890,"gmtModify":1704357386354,"author":{"id":"3574990322495539","authorId":"3574990322495539","name":"sleeepyx","avatar":"https://static.tigerbbs.com/a0a29388673f483856a5e08c30343e21","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574990322495539","idStr":"3574990322495539"},"themes":[],"htmlText":"Something to look at","listText":"Something to look at","text":"Something to look at","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/197978070","repostId":"1126891253","repostType":4,"repost":{"id":"1126891253","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1621404438,"share":"https://ttm.financial/m/news/1126891253?lang=en_US&edition=fundamental","pubTime":"2021-05-19 14:07","market":"us","language":"en","title":"Oat Milk Company Oatly to IPO -- Here's What Investors Need to Know","url":"https://stock-news.laohu8.com/highlight/detail?id=1126891253","media":"Tiger Newspress","summary":"The largest oat milk company in the world, Oatly, could be going public this weekon Thursday.The Swedish firm is know for its dairy-alternative products made from oats. The items range from basic oat milk, to even ice cream and yogurt made from oat milk. According to its website, Oatly’s goal is “to make it easy for people to turn what they eat and drink into personal moments of healthy joy without recklessly taxing the planet’s resources in the process.”Oatly confidentially filed for its IPO ba","content":"<p>The largest oat milk company in the world, Oatly, could be going public this weekon Thursday.</p><p>The Swedish firm is know for its dairy-alternative products made from oats. The items range from basic oat milk, to even ice cream and yogurt made from oat milk. According to its website, Oatly’s goal is “to make it easy for people to turn what they eat and drink into personal moments of healthy joy without recklessly taxing the planet’s resources in the process.”</p><p>Oatly confidentially filed for its IPO back in February, then officiallyset terms of the move last week. According to multiple outlets, Oatly will offer about 84.4 million American depositary shares (ADS) at between $15 and $17 per share. In total, the Oatly IPO could reach a $10.1 billion valuation, and the firm hopes to raise $1.1 billion.</p><p>Additionally, Oatly plans to trade on the Nasdaq exchange under the ticker “OTLY” and had nine lead underwriters for its IPO.</p><p><b>The majority shareholder</b></p><p>Oatly was founded in 1994 by Rickard Oste, a professor of food chemistry and nutrition in Sweden, and his brother Bjorn Oste. Working in Malmo, Sweden, they developed a way of processing a slurry of oats and water with enzymes to produce natural sweetness and a milk-like taste and consistency.</p><p>Oatly’s image benefited from a roster of celebrity investors, including Oprah Winfrey, Natalie Portman, Jay-Z’s Roc Nation company, and Howard Schultz, the former chief executive of Starbucks. All have some connection to the plant-based or healthy living movement.</p><p>The majority shareholder is a partnership between an entity owned by the Chinese government and Verlinvest, a Belgian firm that invests some of the wealth of the families that control the Anheuser-Busch InBev beer empire. Blackstone, the giant private equity firm, owns a little less than 8 percent in Oatly.</p><p>The company’s growth went into overdrive after Verlinvest bought a majority stake in 2016 via a joint venture with China Resources, a state-owned conglomerate with vast holdings in cement, power generation, coal mining, beer, retailing and many other industries. The new financing helped Oatly to expand in Europe and begin exporting to the United States and China, where many people cannot tolerate cow’s milk. China Resources’ involvement undoubtedly helped open doors in the Chinese market. Asia, primarily China, accounted for 18 percent of sales in the first quarter of 2021, and is growing at a rate of 450 percent a year, according to Oatly.</p><p>In Europe, there is growing alarm about Chinese investment in strategic industries like autos, batteries and robotics. The European Commission has begun erecting regulatory barriers to companies with financial links to the Chinese government. But so far no one has expressed fear that China will dominate the world’s supply of oat milk.</p><p>Just in case, Oatly’s prospectus gives it the option of listing in Hong Kong if the foreign ownership becomes a problem in the United States.</p><p><b>The Key Markets</b></p><p>Oat milk is part of a larger trend toward food that mimics animal products. So-called food tech companies like Beyond Meat have raised a little more than $18 billion in venture funding, according to PitchBook, which tracks the industry. Plant-based dairy, which in the United States includes brands like Ripple (made from peas) and Mooala (bananas), raised $640 million last year, more than double the amount raised a year earlier.</p><p>According to the Plant Based Foods Association and Good Foods Institute, plant-based-food sales reached $7 billion in 2020.</p><p>Consumer Insights data quoted in the prospectus says the plant-based milk category will grow 20% to 25% over the next three years.</p><p>Oatly is focused on its role in helping to transform the food industry in order to be better for the environment and meet the health needs of its customers. The company points out that substituting a cup of Oatly for a cup of cow’s milk reduces greenhouse gas emissions, land use and energy consumption.</p><p>Tastewise, which provides food and beverage data and intelligence, said in a December 2020 report that “plant-based everything” will be one of the top 10 U.S. trends for this year.</p><p>Oatly’s key markets are Sweden, Germany and the U.K., though its products were available in 60,000 retail stores and 32,200 coffee shops around the world as of December 31, 2020. Among the places where customers can find Oatly is Starbucks, where demand was so high there was a shortage soon after the coffee chain introduced beverages made with the item.</p><p>Oatly arrived in the U.S. in 2017. The company says it “focused on targeting coffee’s tastemakers, professional baristas at independent coffee shops” as a way to enter the market.”</p><p>By December 31, 2020, Oatly was in more than 7,500 retail shops and 10,000 coffee shops in the U.S. Revenue in 2020 totaled $100 million in the U.S.</p><p>Oatly can also be found in 11,000 coffee and tea shops in China, and at more than 6,000 retail and specialty shops across the country, including thousands of Starbucks locations.</p><p><b>Loss of Warning</b></p><p>In 2020, Oatly had revenue of $421.4 million, up from $204.0 million the year before. However, the company reported a loss of $60.4 million “reflecting our continued investment in production, brand awareness, new markets and product development,” the prospectus said.</p><p>Oatly is classified as an “emerging growth company,” which means it does not have to make the same disclosures required of bigger public companies. A business remains an emerging growth company until it reaches a number of milestones, including annual revenue of more than $1.07 billion.</p><p>Oatly warns that it has reported losses over the last “several” years and expects operating and capital expenses to rise “substantially.”</p><p>“Our expansion efforts may take longer or prove more expensive than we anticipate, particularly in light of the COVID-19 pandemic, and we may not succeed in increasing our revenue and margins sufficiently to offset the anticipated higher expenses,” the company said in its prospectus.</p><p>“We incur significant expenses in researching and developing our innovative products, building out our production and manufacturing facilities, obtaining and storing ingredients and other products and marketing the products we offer.”</p><p><b>The dairy market is highly competitive</b></p><p>Oatly acknowledged in its offering documents that it faces fierce competition, including from “multinational corporations with substantially greater resources and operations than us.”</p><p>That would include British consumer goods maker Unilever, which said last year that it aims to generate revenue of one billion euros, or $1.2 billion, by 2027 from plant-based substitutes for meat and dairy, for example Hellmann’s vegan mayonnaise or Ben &amp; Jerry’s dairy-free ice cream. Unilever has not announced plans for a milk substitute.</p><p>Some industry analysts argue that Oatly’s size gives it an edge over these giants, allowing it to be more innovative than a corporate behemoth. Food start-ups are “younger and faster,” said Patrick Müller-Sarmiento, head of the consumer goods and retail practice at Roland Berger, a German consulting firm.</p><p>The established food giants also have a tougher time than newcomers convincing consumers that they are sincere about saving the planet, an important part of the oat milk sales pitch.</p><p>Mr. Müller-Sarmiento, the former chief executive of Real, a German chain of big box stores, said meat and dairy alternatives are not having trouble competing with Big Food for precious retail shelf space. “Retailers are urgently looking for new products,” he said.</p><p>Time was when Nestlé or Unilever would have simply acquired Oatly, just as they have gobbled up hundreds of other brands. But they would have trouble justifying the audacious $10 billion price that Oatly has set as the benchmark for its stock offering.</p><p>Nestlé’s answer was to develop its own milk substitute, Wunda, which the company unveiled this month and plans to sell initially in France, Portugal and the Netherlands. Made from a variety of yellow peas, Wunda is higher in protein than oat milk. Some nutritionists have said that oat milk and other dairy alternatives are a poor substitute for cow’s milk because they don’t have nearly as much protein.</p><p>Stefan Palzer, the chief technology officer at Nestlé, took issue with those who say a big company can’t move as fast as a bunch of Swedish foodies. A young team at Nestlé developed Wunda in nine months, including three months of market testing in Britain, Mr. Palzer said in an interview.</p><p>Nestlé was able to adapt existing production facilities to make Wunda, rather than building new factories like Oatly must do. The company already had plant scientists who could identify the best kind of pea and food safety experts who could navigate the regulatory approval process, Mr. Palzer said.</p><p>The Wunda developers “could have any expert they wanted to have on the project,” Mr. Palzer said. “That enabled them to move at this speed.”</p><p>Nestlé already has dairy-free versions of Nesquik drinks and Häagen-Dazs ice cream and sells coffee creamers made from a blend of oat and almond milk using the Starbucks brand. The company is in a major push to develop substitutes for almost any kind of animal product. The next frontier: fish. Nestlé has begun selling a tuna substitute called Vuna and is working on scallops.</p><p>“It’s a great opportunity to combine health with sustainability,” Mr. Palzer said of plant-based alternatives to milk and meat. “It’s also a great growth opportunity.”</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Oat Milk Company Oatly to IPO -- Here's What Investors Need to Know</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOat Milk Company Oatly to IPO -- Here's What Investors Need to Know\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-05-19 14:07</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>The largest oat milk company in the world, Oatly, could be going public this weekon Thursday.</p><p>The Swedish firm is know for its dairy-alternative products made from oats. The items range from basic oat milk, to even ice cream and yogurt made from oat milk. According to its website, Oatly’s goal is “to make it easy for people to turn what they eat and drink into personal moments of healthy joy without recklessly taxing the planet’s resources in the process.”</p><p>Oatly confidentially filed for its IPO back in February, then officiallyset terms of the move last week. According to multiple outlets, Oatly will offer about 84.4 million American depositary shares (ADS) at between $15 and $17 per share. In total, the Oatly IPO could reach a $10.1 billion valuation, and the firm hopes to raise $1.1 billion.</p><p>Additionally, Oatly plans to trade on the Nasdaq exchange under the ticker “OTLY” and had nine lead underwriters for its IPO.</p><p><b>The majority shareholder</b></p><p>Oatly was founded in 1994 by Rickard Oste, a professor of food chemistry and nutrition in Sweden, and his brother Bjorn Oste. Working in Malmo, Sweden, they developed a way of processing a slurry of oats and water with enzymes to produce natural sweetness and a milk-like taste and consistency.</p><p>Oatly’s image benefited from a roster of celebrity investors, including Oprah Winfrey, Natalie Portman, Jay-Z’s Roc Nation company, and Howard Schultz, the former chief executive of Starbucks. All have some connection to the plant-based or healthy living movement.</p><p>The majority shareholder is a partnership between an entity owned by the Chinese government and Verlinvest, a Belgian firm that invests some of the wealth of the families that control the Anheuser-Busch InBev beer empire. Blackstone, the giant private equity firm, owns a little less than 8 percent in Oatly.</p><p>The company’s growth went into overdrive after Verlinvest bought a majority stake in 2016 via a joint venture with China Resources, a state-owned conglomerate with vast holdings in cement, power generation, coal mining, beer, retailing and many other industries. The new financing helped Oatly to expand in Europe and begin exporting to the United States and China, where many people cannot tolerate cow’s milk. China Resources’ involvement undoubtedly helped open doors in the Chinese market. Asia, primarily China, accounted for 18 percent of sales in the first quarter of 2021, and is growing at a rate of 450 percent a year, according to Oatly.</p><p>In Europe, there is growing alarm about Chinese investment in strategic industries like autos, batteries and robotics. The European Commission has begun erecting regulatory barriers to companies with financial links to the Chinese government. But so far no one has expressed fear that China will dominate the world’s supply of oat milk.</p><p>Just in case, Oatly’s prospectus gives it the option of listing in Hong Kong if the foreign ownership becomes a problem in the United States.</p><p><b>The Key Markets</b></p><p>Oat milk is part of a larger trend toward food that mimics animal products. So-called food tech companies like Beyond Meat have raised a little more than $18 billion in venture funding, according to PitchBook, which tracks the industry. Plant-based dairy, which in the United States includes brands like Ripple (made from peas) and Mooala (bananas), raised $640 million last year, more than double the amount raised a year earlier.</p><p>According to the Plant Based Foods Association and Good Foods Institute, plant-based-food sales reached $7 billion in 2020.</p><p>Consumer Insights data quoted in the prospectus says the plant-based milk category will grow 20% to 25% over the next three years.</p><p>Oatly is focused on its role in helping to transform the food industry in order to be better for the environment and meet the health needs of its customers. The company points out that substituting a cup of Oatly for a cup of cow’s milk reduces greenhouse gas emissions, land use and energy consumption.</p><p>Tastewise, which provides food and beverage data and intelligence, said in a December 2020 report that “plant-based everything” will be one of the top 10 U.S. trends for this year.</p><p>Oatly’s key markets are Sweden, Germany and the U.K., though its products were available in 60,000 retail stores and 32,200 coffee shops around the world as of December 31, 2020. Among the places where customers can find Oatly is Starbucks, where demand was so high there was a shortage soon after the coffee chain introduced beverages made with the item.</p><p>Oatly arrived in the U.S. in 2017. The company says it “focused on targeting coffee’s tastemakers, professional baristas at independent coffee shops” as a way to enter the market.”</p><p>By December 31, 2020, Oatly was in more than 7,500 retail shops and 10,000 coffee shops in the U.S. Revenue in 2020 totaled $100 million in the U.S.</p><p>Oatly can also be found in 11,000 coffee and tea shops in China, and at more than 6,000 retail and specialty shops across the country, including thousands of Starbucks locations.</p><p><b>Loss of Warning</b></p><p>In 2020, Oatly had revenue of $421.4 million, up from $204.0 million the year before. However, the company reported a loss of $60.4 million “reflecting our continued investment in production, brand awareness, new markets and product development,” the prospectus said.</p><p>Oatly is classified as an “emerging growth company,” which means it does not have to make the same disclosures required of bigger public companies. A business remains an emerging growth company until it reaches a number of milestones, including annual revenue of more than $1.07 billion.</p><p>Oatly warns that it has reported losses over the last “several” years and expects operating and capital expenses to rise “substantially.”</p><p>“Our expansion efforts may take longer or prove more expensive than we anticipate, particularly in light of the COVID-19 pandemic, and we may not succeed in increasing our revenue and margins sufficiently to offset the anticipated higher expenses,” the company said in its prospectus.</p><p>“We incur significant expenses in researching and developing our innovative products, building out our production and manufacturing facilities, obtaining and storing ingredients and other products and marketing the products we offer.”</p><p><b>The dairy market is highly competitive</b></p><p>Oatly acknowledged in its offering documents that it faces fierce competition, including from “multinational corporations with substantially greater resources and operations than us.”</p><p>That would include British consumer goods maker Unilever, which said last year that it aims to generate revenue of one billion euros, or $1.2 billion, by 2027 from plant-based substitutes for meat and dairy, for example Hellmann’s vegan mayonnaise or Ben &amp; Jerry’s dairy-free ice cream. Unilever has not announced plans for a milk substitute.</p><p>Some industry analysts argue that Oatly’s size gives it an edge over these giants, allowing it to be more innovative than a corporate behemoth. Food start-ups are “younger and faster,” said Patrick Müller-Sarmiento, head of the consumer goods and retail practice at Roland Berger, a German consulting firm.</p><p>The established food giants also have a tougher time than newcomers convincing consumers that they are sincere about saving the planet, an important part of the oat milk sales pitch.</p><p>Mr. Müller-Sarmiento, the former chief executive of Real, a German chain of big box stores, said meat and dairy alternatives are not having trouble competing with Big Food for precious retail shelf space. “Retailers are urgently looking for new products,” he said.</p><p>Time was when Nestlé or Unilever would have simply acquired Oatly, just as they have gobbled up hundreds of other brands. But they would have trouble justifying the audacious $10 billion price that Oatly has set as the benchmark for its stock offering.</p><p>Nestlé’s answer was to develop its own milk substitute, Wunda, which the company unveiled this month and plans to sell initially in France, Portugal and the Netherlands. Made from a variety of yellow peas, Wunda is higher in protein than oat milk. Some nutritionists have said that oat milk and other dairy alternatives are a poor substitute for cow’s milk because they don’t have nearly as much protein.</p><p>Stefan Palzer, the chief technology officer at Nestlé, took issue with those who say a big company can’t move as fast as a bunch of Swedish foodies. A young team at Nestlé developed Wunda in nine months, including three months of market testing in Britain, Mr. Palzer said in an interview.</p><p>Nestlé was able to adapt existing production facilities to make Wunda, rather than building new factories like Oatly must do. The company already had plant scientists who could identify the best kind of pea and food safety experts who could navigate the regulatory approval process, Mr. Palzer said.</p><p>The Wunda developers “could have any expert they wanted to have on the project,” Mr. Palzer said. “That enabled them to move at this speed.”</p><p>Nestlé already has dairy-free versions of Nesquik drinks and Häagen-Dazs ice cream and sells coffee creamers made from a blend of oat and almond milk using the Starbucks brand. The company is in a major push to develop substitutes for almost any kind of animal product. The next frontier: fish. Nestlé has begun selling a tuna substitute called Vuna and is working on scallops.</p><p>“It’s a great opportunity to combine health with sustainability,” Mr. Palzer said of plant-based alternatives to milk and meat. “It’s also a great growth opportunity.”</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"OTLY":"Oatly Group AB"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126891253","content_text":"The largest oat milk company in the world, Oatly, could be going public this weekon Thursday.The Swedish firm is know for its dairy-alternative products made from oats. The items range from basic oat milk, to even ice cream and yogurt made from oat milk. According to its website, Oatly’s goal is “to make it easy for people to turn what they eat and drink into personal moments of healthy joy without recklessly taxing the planet’s resources in the process.”Oatly confidentially filed for its IPO back in February, then officiallyset terms of the move last week. According to multiple outlets, Oatly will offer about 84.4 million American depositary shares (ADS) at between $15 and $17 per share. In total, the Oatly IPO could reach a $10.1 billion valuation, and the firm hopes to raise $1.1 billion.Additionally, Oatly plans to trade on the Nasdaq exchange under the ticker “OTLY” and had nine lead underwriters for its IPO.The majority shareholderOatly was founded in 1994 by Rickard Oste, a professor of food chemistry and nutrition in Sweden, and his brother Bjorn Oste. Working in Malmo, Sweden, they developed a way of processing a slurry of oats and water with enzymes to produce natural sweetness and a milk-like taste and consistency.Oatly’s image benefited from a roster of celebrity investors, including Oprah Winfrey, Natalie Portman, Jay-Z’s Roc Nation company, and Howard Schultz, the former chief executive of Starbucks. All have some connection to the plant-based or healthy living movement.The majority shareholder is a partnership between an entity owned by the Chinese government and Verlinvest, a Belgian firm that invests some of the wealth of the families that control the Anheuser-Busch InBev beer empire. Blackstone, the giant private equity firm, owns a little less than 8 percent in Oatly.The company’s growth went into overdrive after Verlinvest bought a majority stake in 2016 via a joint venture with China Resources, a state-owned conglomerate with vast holdings in cement, power generation, coal mining, beer, retailing and many other industries. The new financing helped Oatly to expand in Europe and begin exporting to the United States and China, where many people cannot tolerate cow’s milk. China Resources’ involvement undoubtedly helped open doors in the Chinese market. Asia, primarily China, accounted for 18 percent of sales in the first quarter of 2021, and is growing at a rate of 450 percent a year, according to Oatly.In Europe, there is growing alarm about Chinese investment in strategic industries like autos, batteries and robotics. The European Commission has begun erecting regulatory barriers to companies with financial links to the Chinese government. But so far no one has expressed fear that China will dominate the world’s supply of oat milk.Just in case, Oatly’s prospectus gives it the option of listing in Hong Kong if the foreign ownership becomes a problem in the United States.The Key MarketsOat milk is part of a larger trend toward food that mimics animal products. So-called food tech companies like Beyond Meat have raised a little more than $18 billion in venture funding, according to PitchBook, which tracks the industry. Plant-based dairy, which in the United States includes brands like Ripple (made from peas) and Mooala (bananas), raised $640 million last year, more than double the amount raised a year earlier.According to the Plant Based Foods Association and Good Foods Institute, plant-based-food sales reached $7 billion in 2020.Consumer Insights data quoted in the prospectus says the plant-based milk category will grow 20% to 25% over the next three years.Oatly is focused on its role in helping to transform the food industry in order to be better for the environment and meet the health needs of its customers. The company points out that substituting a cup of Oatly for a cup of cow’s milk reduces greenhouse gas emissions, land use and energy consumption.Tastewise, which provides food and beverage data and intelligence, said in a December 2020 report that “plant-based everything” will be one of the top 10 U.S. trends for this year.Oatly’s key markets are Sweden, Germany and the U.K., though its products were available in 60,000 retail stores and 32,200 coffee shops around the world as of December 31, 2020. Among the places where customers can find Oatly is Starbucks, where demand was so high there was a shortage soon after the coffee chain introduced beverages made with the item.Oatly arrived in the U.S. in 2017. The company says it “focused on targeting coffee’s tastemakers, professional baristas at independent coffee shops” as a way to enter the market.”By December 31, 2020, Oatly was in more than 7,500 retail shops and 10,000 coffee shops in the U.S. Revenue in 2020 totaled $100 million in the U.S.Oatly can also be found in 11,000 coffee and tea shops in China, and at more than 6,000 retail and specialty shops across the country, including thousands of Starbucks locations.Loss of WarningIn 2020, Oatly had revenue of $421.4 million, up from $204.0 million the year before. However, the company reported a loss of $60.4 million “reflecting our continued investment in production, brand awareness, new markets and product development,” the prospectus said.Oatly is classified as an “emerging growth company,” which means it does not have to make the same disclosures required of bigger public companies. A business remains an emerging growth company until it reaches a number of milestones, including annual revenue of more than $1.07 billion.Oatly warns that it has reported losses over the last “several” years and expects operating and capital expenses to rise “substantially.”“Our expansion efforts may take longer or prove more expensive than we anticipate, particularly in light of the COVID-19 pandemic, and we may not succeed in increasing our revenue and margins sufficiently to offset the anticipated higher expenses,” the company said in its prospectus.“We incur significant expenses in researching and developing our innovative products, building out our production and manufacturing facilities, obtaining and storing ingredients and other products and marketing the products we offer.”The dairy market is highly competitiveOatly acknowledged in its offering documents that it faces fierce competition, including from “multinational corporations with substantially greater resources and operations than us.”That would include British consumer goods maker Unilever, which said last year that it aims to generate revenue of one billion euros, or $1.2 billion, by 2027 from plant-based substitutes for meat and dairy, for example Hellmann’s vegan mayonnaise or Ben & Jerry’s dairy-free ice cream. Unilever has not announced plans for a milk substitute.Some industry analysts argue that Oatly’s size gives it an edge over these giants, allowing it to be more innovative than a corporate behemoth. Food start-ups are “younger and faster,” said Patrick Müller-Sarmiento, head of the consumer goods and retail practice at Roland Berger, a German consulting firm.The established food giants also have a tougher time than newcomers convincing consumers that they are sincere about saving the planet, an important part of the oat milk sales pitch.Mr. Müller-Sarmiento, the former chief executive of Real, a German chain of big box stores, said meat and dairy alternatives are not having trouble competing with Big Food for precious retail shelf space. “Retailers are urgently looking for new products,” he said.Time was when Nestlé or Unilever would have simply acquired Oatly, just as they have gobbled up hundreds of other brands. But they would have trouble justifying the audacious $10 billion price that Oatly has set as the benchmark for its stock offering.Nestlé’s answer was to develop its own milk substitute, Wunda, which the company unveiled this month and plans to sell initially in France, Portugal and the Netherlands. Made from a variety of yellow peas, Wunda is higher in protein than oat milk. Some nutritionists have said that oat milk and other dairy alternatives are a poor substitute for cow’s milk because they don’t have nearly as much protein.Stefan Palzer, the chief technology officer at Nestlé, took issue with those who say a big company can’t move as fast as a bunch of Swedish foodies. A young team at Nestlé developed Wunda in nine months, including three months of market testing in Britain, Mr. Palzer said in an interview.Nestlé was able to adapt existing production facilities to make Wunda, rather than building new factories like Oatly must do. The company already had plant scientists who could identify the best kind of pea and food safety experts who could navigate the regulatory approval process, Mr. Palzer said.The Wunda developers “could have any expert they wanted to have on the project,” Mr. Palzer said. “That enabled them to move at this speed.”Nestlé already has dairy-free versions of Nesquik drinks and Häagen-Dazs ice cream and sells coffee creamers made from a blend of oat and almond milk using the Starbucks brand. The company is in a major push to develop substitutes for almost any kind of animal product. The next frontier: fish. Nestlé has begun selling a tuna substitute called Vuna and is working on scallops.“It’s a great opportunity to combine health with sustainability,” Mr. Palzer said of plant-based alternatives to milk and meat. “It’s also a great growth opportunity.”","news_type":1,"symbols_score_info":{"OTLY":0.9}},"isVote":1,"tweetType":1,"viewCount":598,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":195743900,"gmtCreate":1621320373900,"gmtModify":1704355729025,"author":{"id":"3574990322495539","authorId":"3574990322495539","name":"sleeepyx","avatar":"https://static.tigerbbs.com/a0a29388673f483856a5e08c30343e21","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574990322495539","idStr":"3574990322495539"},"themes":[],"htmlText":"Cmon, go back up","listText":"Cmon, go back up","text":"Cmon, go back up","images":[{"img":"https://static.tigerbbs.com/8008380f67b7f9386d5f44848b4cd2fa","width":"1080","height":"3120"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/195743900","isVote":1,"tweetType":1,"viewCount":961,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":192392464,"gmtCreate":1621143013158,"gmtModify":1704353342462,"author":{"id":"3574990322495539","authorId":"3574990322495539","name":"sleeepyx","avatar":"https://static.tigerbbs.com/a0a29388673f483856a5e08c30343e21","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574990322495539","idStr":"3574990322495539"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/192392464","repostId":"2135607498","repostType":2,"repost":{"id":"2135607498","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1621014300,"share":"https://ttm.financial/m/news/2135607498?lang=en_US&edition=fundamental","pubTime":"2021-05-15 01:45","market":"us","language":"en","title":"The SPACsplosion has reached a reckoning","url":"https://stock-news.laohu8.com/highlight/detail?id=2135607498","media":"Dow Jones","summary":"MW The SPACsplosion has reached a reckoning\n\n\n  By Therese Poletti \n\n\n  SEC investigations and prono","content":"<html><body><font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW The SPACsplosion has reached a reckoning\n</p>\n<p>\n  By Therese Poletti \n</p>\n<p>\n  SEC investigations and pronouncements, class-action lawsuits and plunging stock prices have frozen the SPAC bubble in place, but the companies aren't going anywhere just yet \n</p>\n<p>\n  The proposed merger between blank-check company <a href=\"https://laohu8.com/S/CCC.U\">Churchill Capital</a> IV and Lucid Motors is a pretty typical example of the pandemic SPACsplosion -- it involves electric cars that have not yet been built, eye-popping forecasts and frothy trading. \n</p>\n<p>\n  And while this deal is not yet even completed, Wall Street has already gotten its share at a discount and retail investors have been hit with big losses. \n</p>\n<p>\n  Regulators and investors are finally figuring out the dangers of special-purpose acquisition companies, also known as SPACs, or blank-check companies. Lucid, a Tesla Inc. <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a> wannabe, and Churchill Capital IV <a href=\"https://laohu8.com/S/CCIV\">$(CCIV)$</a> have both been hit with several class-action lawsuits that allege Lucid Chief Executive Peter Rawlinson made false and misleading statements about vehicle production and revenue potential, an area the Securities and Exchange Commission is reportedly exploring  as well. \n</p>\n<p>\n  Almost a month after news reports that Lucid was in talks to go public through a merger with a blank check company, Rawlinson told Forbes  that he wanted to build 6,000 new Lucid Air vehicles in a factory in Arizona, potentially generating $900 million in revenue, and ramping up to 25,000 vehicles by 2022. Rawlinson touted similar projections in other interviews read by retail investors who jumped on the chance to get the next buzzy EV startup, and by February 18, according to the lawsuit, shares of Churchill had climbed to an all-time high of $58. \n</p>\n<p>\n  When the merger was actually announced on February, investors learned in a slick presentation document that Lucid now plans on 577 vehicles in 2021 and 20,157 vehicles in 2022. \n</p>\n<p>\n  But the pros on Wall Street had already stepped in. The actual merger also included a private investment in a public equity, or PIPE, deal that gave institutional investors shares at a much lower valuation than they were going for in the public markets, where individual investors were bidding up the price after media reports of a merger. Between the new vehicle projections, and the details of the PIPE, the stock plunged, costing speculators, three of whom became the subjects of a Wall Street Journal feature on individual investors losing during the current stock-market mania . \n</p>\n<p>\n  With its allegations of false statements and poor disclosures, Churchill/Lucid is far from alone. Shortseller Hindenburg Research has detailed potential false claims from hydrogen-fueled trucking company Nikola Corp. <a href=\"https://laohu8.com/S/NKLA\">$(NKLA)$</a> and electronic truck company Lordstown Motors <a href=\"https://laohu8.com/S/RIDE\">$(RIDE)$</a>, leading to Securities and Exchange Commission investigations and class-action lawsuits involving both. Blank-check company <a href=\"https://laohu8.com/S/ACICU\">Atlas Crest Investment Corp.</a> ACIC (#phrase-company?ref=COMPANY%7CACIC;onlineSignificance=prominent) -- now in the process of buying flying-taxi company Archer Aviation -- disclosed in an SEC filing that Archer is the target of a serious trade secret theft lawsuit filed by Wisk, a joint venture of Alphabet Inc. co-founder Larry Page's Kitty Hawk flying taxi company and Boeing Co. BA (#phrase-company?ref=COMPANY%7CBA;onlineSignificance=prominent). \n</p>\n<p>\n  Read more about The rise of EV SPACs as the next version of the dot-com bubble  \n</p>\n<p>\n  Regulators and lawmakers are jumping in as well. Some of the biggest SPACs -- including <a href=\"https://laohu8.com/S/DKNG\">DraftKings Inc.</a> (DKNG) and <a href=\"https://laohu8.com/S/SPCE.WS\">Virgin Galactic Holdings Inc</a>. <a href=\"https://laohu8.com/S/SPCE\">$(SPCE)$</a>-- have been forced to restate their previously filed financial information in response to new SEC guidance  that seeks to get the SEC to require more disclosures to give investors more transparency. \n</p>\n<p>\n  The result: A reckoning for the SPACsplosion. In April, the number of SPACs that filed to go public, or SPAC mergers that became public companies, skidded to a halt. Only 13 deals went public in April, raising $3.2 billion, according to data provider Dealogic, down from 108 SPACs in March, 97 in February, and 90 in January. In the first four months of 2021 combined, SPACs raised $323 billion in IPOs, nearly on par with full year 2020, when companies raised $336 billion, according to SPAC Research , but the flood has now slowed to a trickle. \n</p>\n<p>\n  \"I think it slowed down to a degree because of the SEC statement on warrants,\" said David Slovick, a partner at Barnes &amp; Thornburg in New York, who represents companies involved in SEC and CFTC enforcement investigations and related regulatory counseling. \"There is also a backlog at the SEC's Division of Corporation Finance, which is responsible for evaluating whether SPAC's are accurately disclosing their financial information to prospective investors.\" \n</p>\n<p>\n  The SEC's recent reminders on its website have mostly focused on a few core issues with SPACs, with the underlying theme that some companies are playing fast and loose, apparently not seeing the de-SPAC process as a traditional IPO, especially when it comes to disclosures and forward-looking statements. \n</p>\n<p>\n  \"Some -- but far from all -- practitioners and commentators have claimed that an advantage of SPACs over traditional IPOs is lesser securities law liability exposure for targets and the public company itself,\" said John Coates, acting director, division of corporation finance, at the SEC, in an April public statement . He went on to say \"Any simple claim about reduced liability exposure for SPAC participants is overstated at best, and potentially seriously misleading at worst.\" \n</p>\n<p>\n  Read more on How the SEC is telling investors to ignore a billionaire's legal advice   \n</p>\n<p>\n  Besides SEC scrutiny, these companies now face that rush of class-action lawsuits. Currently, according to Stephen Blake, a litigation partner at Simpson Thacher &amp; Bartlett in Palo Alto, over 40 lawsuits have been filed against SPACs in both federal and state courts of California, Delaware and New York. \n</p>\n<p>\n  \"They are not frivolous cases, they are legitimate, substantive cases,\" said Michael Klausner, a professor of law at Stanford Law School. \"Will they have a general effect on the entire market? They could, but no time soon. It could be that a ruling in <a href=\"https://laohu8.com/S/AONE\">one</a> of these cases, or more of these cases, could alter the way SPACs disclose, what they disclose and how they disclose it, but that will require a judicial opinion, which is months away.\" \n</p>\n<p>\n  Klausner added that the SEC staff also could be looking much more closely at the projections SPACs or their acquisition targets are making, and say they have to justify the projections, which would constrain them <a href=\"https://laohu8.com/S/AONE.U\">one</a> by one. \"We will see whether they will do that or not,\" he said. \n</p>\n<p>\n  The pattern of a recently created SPAC ETF <a href=\"https://laohu8.com/S/SPAK\">$(SPAK)$</a> shows how these stocks have lost their darling status on Wall Street. After peaking in February, the SPAC ETF, created last October and made up of 83 holdings   to premerger status blank check companies like Churchill -- has plunged 30% from its high. SPACs have also become a target of other shortsellers beyond Hindenburg Research. \n</p>\n<p>\n  When it comes to outlandish disclosures, with no fears of retribution, some SPACs may be taking a page from Chamath Palihapitiya, founder and CEO of Social Capital and recently called the \"King of SPACs.\"Palihapitiya said in a YouTube video  that in a traditional IPO, you cannot give forecasts, but because a SPAC is a merger, \"you're all of a sudden allowed to talk about the future.\" \n</p>\n<p>\n  One of Palihapitiya's SPACs, Clover Health <a href=\"https://laohu8.com/S/CLOV\">$(CLOV)$</a>, was also the subject of a Hindenburg Research repor  and that as a healthcare company, it frequently receives requests from regulators. \n</p>\n<p>\n  Clover has disclosed an SEC investigation, which the company said is due to the Hindenburg report, and the stock is now trading around half of its December high of $16.77. A spokesperson for Clover Health declined to comment. Lucid Motors did not respond to requests for comment. \n</p>\n<p>\n  (MORE TO FOLLOW) Dow Jones Newswires\n</p>\n<p>\n  May 14, 2021 13:45 ET (17:45 GMT)\n</p>\n<p>\n  Copyright (c) 2021 Dow Jones &amp; Company, Inc.\n</p>\n</font></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The SPACsplosion has reached a reckoning</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe SPACsplosion has reached a reckoning\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-05-15 01:45</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW The SPACsplosion has reached a reckoning\n</p>\n<p>\n  By Therese Poletti \n</p>\n<p>\n  SEC investigations and pronouncements, class-action lawsuits and plunging stock prices have frozen the SPAC bubble in place, but the companies aren't going anywhere just yet \n</p>\n<p>\n  The proposed merger between blank-check company <a href=\"https://laohu8.com/S/CCC.U\">Churchill Capital</a> IV and Lucid Motors is a pretty typical example of the pandemic SPACsplosion -- it involves electric cars that have not yet been built, eye-popping forecasts and frothy trading. \n</p>\n<p>\n  And while this deal is not yet even completed, Wall Street has already gotten its share at a discount and retail investors have been hit with big losses. \n</p>\n<p>\n  Regulators and investors are finally figuring out the dangers of special-purpose acquisition companies, also known as SPACs, or blank-check companies. Lucid, a Tesla Inc. <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a> wannabe, and Churchill Capital IV <a href=\"https://laohu8.com/S/CCIV\">$(CCIV)$</a> have both been hit with several class-action lawsuits that allege Lucid Chief Executive Peter Rawlinson made false and misleading statements about vehicle production and revenue potential, an area the Securities and Exchange Commission is reportedly exploring  as well. \n</p>\n<p>\n  Almost a month after news reports that Lucid was in talks to go public through a merger with a blank check company, Rawlinson told Forbes  that he wanted to build 6,000 new Lucid Air vehicles in a factory in Arizona, potentially generating $900 million in revenue, and ramping up to 25,000 vehicles by 2022. Rawlinson touted similar projections in other interviews read by retail investors who jumped on the chance to get the next buzzy EV startup, and by February 18, according to the lawsuit, shares of Churchill had climbed to an all-time high of $58. \n</p>\n<p>\n  When the merger was actually announced on February, investors learned in a slick presentation document that Lucid now plans on 577 vehicles in 2021 and 20,157 vehicles in 2022. \n</p>\n<p>\n  But the pros on Wall Street had already stepped in. The actual merger also included a private investment in a public equity, or PIPE, deal that gave institutional investors shares at a much lower valuation than they were going for in the public markets, where individual investors were bidding up the price after media reports of a merger. Between the new vehicle projections, and the details of the PIPE, the stock plunged, costing speculators, three of whom became the subjects of a Wall Street Journal feature on individual investors losing during the current stock-market mania . \n</p>\n<p>\n  With its allegations of false statements and poor disclosures, Churchill/Lucid is far from alone. Shortseller Hindenburg Research has detailed potential false claims from hydrogen-fueled trucking company Nikola Corp. <a href=\"https://laohu8.com/S/NKLA\">$(NKLA)$</a> and electronic truck company Lordstown Motors <a href=\"https://laohu8.com/S/RIDE\">$(RIDE)$</a>, leading to Securities and Exchange Commission investigations and class-action lawsuits involving both. Blank-check company <a href=\"https://laohu8.com/S/ACICU\">Atlas Crest Investment Corp.</a> ACIC (#phrase-company?ref=COMPANY%7CACIC;onlineSignificance=prominent) -- now in the process of buying flying-taxi company Archer Aviation -- disclosed in an SEC filing that Archer is the target of a serious trade secret theft lawsuit filed by Wisk, a joint venture of Alphabet Inc. co-founder Larry Page's Kitty Hawk flying taxi company and Boeing Co. BA (#phrase-company?ref=COMPANY%7CBA;onlineSignificance=prominent). \n</p>\n<p>\n  Read more about The rise of EV SPACs as the next version of the dot-com bubble  \n</p>\n<p>\n  Regulators and lawmakers are jumping in as well. Some of the biggest SPACs -- including <a href=\"https://laohu8.com/S/DKNG\">DraftKings Inc.</a> (DKNG) and <a href=\"https://laohu8.com/S/SPCE.WS\">Virgin Galactic Holdings Inc</a>. <a href=\"https://laohu8.com/S/SPCE\">$(SPCE)$</a>-- have been forced to restate their previously filed financial information in response to new SEC guidance  that seeks to get the SEC to require more disclosures to give investors more transparency. \n</p>\n<p>\n  The result: A reckoning for the SPACsplosion. In April, the number of SPACs that filed to go public, or SPAC mergers that became public companies, skidded to a halt. Only 13 deals went public in April, raising $3.2 billion, according to data provider Dealogic, down from 108 SPACs in March, 97 in February, and 90 in January. In the first four months of 2021 combined, SPACs raised $323 billion in IPOs, nearly on par with full year 2020, when companies raised $336 billion, according to SPAC Research , but the flood has now slowed to a trickle. \n</p>\n<p>\n  \"I think it slowed down to a degree because of the SEC statement on warrants,\" said David Slovick, a partner at Barnes &amp; Thornburg in New York, who represents companies involved in SEC and CFTC enforcement investigations and related regulatory counseling. \"There is also a backlog at the SEC's Division of Corporation Finance, which is responsible for evaluating whether SPAC's are accurately disclosing their financial information to prospective investors.\" \n</p>\n<p>\n  The SEC's recent reminders on its website have mostly focused on a few core issues with SPACs, with the underlying theme that some companies are playing fast and loose, apparently not seeing the de-SPAC process as a traditional IPO, especially when it comes to disclosures and forward-looking statements. \n</p>\n<p>\n  \"Some -- but far from all -- practitioners and commentators have claimed that an advantage of SPACs over traditional IPOs is lesser securities law liability exposure for targets and the public company itself,\" said John Coates, acting director, division of corporation finance, at the SEC, in an April public statement . He went on to say \"Any simple claim about reduced liability exposure for SPAC participants is overstated at best, and potentially seriously misleading at worst.\" \n</p>\n<p>\n  Read more on How the SEC is telling investors to ignore a billionaire's legal advice   \n</p>\n<p>\n  Besides SEC scrutiny, these companies now face that rush of class-action lawsuits. Currently, according to Stephen Blake, a litigation partner at Simpson Thacher &amp; Bartlett in Palo Alto, over 40 lawsuits have been filed against SPACs in both federal and state courts of California, Delaware and New York. \n</p>\n<p>\n  \"They are not frivolous cases, they are legitimate, substantive cases,\" said Michael Klausner, a professor of law at Stanford Law School. \"Will they have a general effect on the entire market? They could, but no time soon. It could be that a ruling in <a href=\"https://laohu8.com/S/AONE\">one</a> of these cases, or more of these cases, could alter the way SPACs disclose, what they disclose and how they disclose it, but that will require a judicial opinion, which is months away.\" \n</p>\n<p>\n  Klausner added that the SEC staff also could be looking much more closely at the projections SPACs or their acquisition targets are making, and say they have to justify the projections, which would constrain them <a href=\"https://laohu8.com/S/AONE.U\">one</a> by one. \"We will see whether they will do that or not,\" he said. \n</p>\n<p>\n  The pattern of a recently created SPAC ETF <a href=\"https://laohu8.com/S/SPAK\">$(SPAK)$</a> shows how these stocks have lost their darling status on Wall Street. After peaking in February, the SPAC ETF, created last October and made up of 83 holdings   to premerger status blank check companies like Churchill -- has plunged 30% from its high. SPACs have also become a target of other shortsellers beyond Hindenburg Research. \n</p>\n<p>\n  When it comes to outlandish disclosures, with no fears of retribution, some SPACs may be taking a page from Chamath Palihapitiya, founder and CEO of Social Capital and recently called the \"King of SPACs.\"Palihapitiya said in a YouTube video  that in a traditional IPO, you cannot give forecasts, but because a SPAC is a merger, \"you're all of a sudden allowed to talk about the future.\" \n</p>\n<p>\n  One of Palihapitiya's SPACs, Clover Health <a href=\"https://laohu8.com/S/CLOV\">$(CLOV)$</a>, was also the subject of a Hindenburg Research repor  and that as a healthcare company, it frequently receives requests from regulators. \n</p>\n<p>\n  Clover has disclosed an SEC investigation, which the company said is due to the Hindenburg report, and the stock is now trading around half of its December high of $16.77. A spokesperson for Clover Health declined to comment. Lucid Motors did not respond to requests for comment. \n</p>\n<p>\n  (MORE TO FOLLOW) Dow Jones Newswires\n</p>\n<p>\n  May 14, 2021 13:45 ET (17:45 GMT)\n</p>\n<p>\n  Copyright (c) 2021 Dow Jones &amp; Company, Inc.\n</p>\n</font></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPCE":"维珍银河","SPAK":"Defiance NextGen SPAC Derived ETF","DKNG":"DraftKings Inc.","CLOV":"Clover Health Corp"},"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2135607498","content_text":"MW The SPACsplosion has reached a reckoning\n\n\n  By Therese Poletti \n\n\n  SEC investigations and pronouncements, class-action lawsuits and plunging stock prices have frozen the SPAC bubble in place, but the companies aren't going anywhere just yet \n\n\n  The proposed merger between blank-check company Churchill Capital IV and Lucid Motors is a pretty typical example of the pandemic SPACsplosion -- it involves electric cars that have not yet been built, eye-popping forecasts and frothy trading. \n\n\n  And while this deal is not yet even completed, Wall Street has already gotten its share at a discount and retail investors have been hit with big losses. \n\n\n  Regulators and investors are finally figuring out the dangers of special-purpose acquisition companies, also known as SPACs, or blank-check companies. Lucid, a Tesla Inc. $(TSLA)$ wannabe, and Churchill Capital IV $(CCIV)$ have both been hit with several class-action lawsuits that allege Lucid Chief Executive Peter Rawlinson made false and misleading statements about vehicle production and revenue potential, an area the Securities and Exchange Commission is reportedly exploring  as well. \n\n\n  Almost a month after news reports that Lucid was in talks to go public through a merger with a blank check company, Rawlinson told Forbes  that he wanted to build 6,000 new Lucid Air vehicles in a factory in Arizona, potentially generating $900 million in revenue, and ramping up to 25,000 vehicles by 2022. Rawlinson touted similar projections in other interviews read by retail investors who jumped on the chance to get the next buzzy EV startup, and by February 18, according to the lawsuit, shares of Churchill had climbed to an all-time high of $58. \n\n\n  When the merger was actually announced on February, investors learned in a slick presentation document that Lucid now plans on 577 vehicles in 2021 and 20,157 vehicles in 2022. \n\n\n  But the pros on Wall Street had already stepped in. The actual merger also included a private investment in a public equity, or PIPE, deal that gave institutional investors shares at a much lower valuation than they were going for in the public markets, where individual investors were bidding up the price after media reports of a merger. Between the new vehicle projections, and the details of the PIPE, the stock plunged, costing speculators, three of whom became the subjects of a Wall Street Journal feature on individual investors losing during the current stock-market mania . \n\n\n  With its allegations of false statements and poor disclosures, Churchill/Lucid is far from alone. Shortseller Hindenburg Research has detailed potential false claims from hydrogen-fueled trucking company Nikola Corp. $(NKLA)$ and electronic truck company Lordstown Motors $(RIDE)$, leading to Securities and Exchange Commission investigations and class-action lawsuits involving both. Blank-check company Atlas Crest Investment Corp. ACIC (#phrase-company?ref=COMPANY%7CACIC;onlineSignificance=prominent) -- now in the process of buying flying-taxi company Archer Aviation -- disclosed in an SEC filing that Archer is the target of a serious trade secret theft lawsuit filed by Wisk, a joint venture of Alphabet Inc. co-founder Larry Page's Kitty Hawk flying taxi company and Boeing Co. BA (#phrase-company?ref=COMPANY%7CBA;onlineSignificance=prominent). \n\n\n  Read more about The rise of EV SPACs as the next version of the dot-com bubble  \n\n\n  Regulators and lawmakers are jumping in as well. Some of the biggest SPACs -- including DraftKings Inc. (DKNG) and Virgin Galactic Holdings Inc. $(SPCE)$-- have been forced to restate their previously filed financial information in response to new SEC guidance  that seeks to get the SEC to require more disclosures to give investors more transparency. \n\n\n  The result: A reckoning for the SPACsplosion. In April, the number of SPACs that filed to go public, or SPAC mergers that became public companies, skidded to a halt. Only 13 deals went public in April, raising $3.2 billion, according to data provider Dealogic, down from 108 SPACs in March, 97 in February, and 90 in January. In the first four months of 2021 combined, SPACs raised $323 billion in IPOs, nearly on par with full year 2020, when companies raised $336 billion, according to SPAC Research , but the flood has now slowed to a trickle. \n\n\n  \"I think it slowed down to a degree because of the SEC statement on warrants,\" said David Slovick, a partner at Barnes & Thornburg in New York, who represents companies involved in SEC and CFTC enforcement investigations and related regulatory counseling. \"There is also a backlog at the SEC's Division of Corporation Finance, which is responsible for evaluating whether SPAC's are accurately disclosing their financial information to prospective investors.\" \n\n\n  The SEC's recent reminders on its website have mostly focused on a few core issues with SPACs, with the underlying theme that some companies are playing fast and loose, apparently not seeing the de-SPAC process as a traditional IPO, especially when it comes to disclosures and forward-looking statements. \n\n\n  \"Some -- but far from all -- practitioners and commentators have claimed that an advantage of SPACs over traditional IPOs is lesser securities law liability exposure for targets and the public company itself,\" said John Coates, acting director, division of corporation finance, at the SEC, in an April public statement . He went on to say \"Any simple claim about reduced liability exposure for SPAC participants is overstated at best, and potentially seriously misleading at worst.\" \n\n\n  Read more on How the SEC is telling investors to ignore a billionaire's legal advice   \n\n\n  Besides SEC scrutiny, these companies now face that rush of class-action lawsuits. Currently, according to Stephen Blake, a litigation partner at Simpson Thacher & Bartlett in Palo Alto, over 40 lawsuits have been filed against SPACs in both federal and state courts of California, Delaware and New York. \n\n\n  \"They are not frivolous cases, they are legitimate, substantive cases,\" said Michael Klausner, a professor of law at Stanford Law School. \"Will they have a general effect on the entire market? They could, but no time soon. It could be that a ruling in one of these cases, or more of these cases, could alter the way SPACs disclose, what they disclose and how they disclose it, but that will require a judicial opinion, which is months away.\" \n\n\n  Klausner added that the SEC staff also could be looking much more closely at the projections SPACs or their acquisition targets are making, and say they have to justify the projections, which would constrain them one by one. \"We will see whether they will do that or not,\" he said. \n\n\n  The pattern of a recently created SPAC ETF $(SPAK)$ shows how these stocks have lost their darling status on Wall Street. After peaking in February, the SPAC ETF, created last October and made up of 83 holdings   to premerger status blank check companies like Churchill -- has plunged 30% from its high. SPACs have also become a target of other shortsellers beyond Hindenburg Research. \n\n\n  When it comes to outlandish disclosures, with no fears of retribution, some SPACs may be taking a page from Chamath Palihapitiya, founder and CEO of Social Capital and recently called the \"King of SPACs.\"Palihapitiya said in a YouTube video  that in a traditional IPO, you cannot give forecasts, but because a SPAC is a merger, \"you're all of a sudden allowed to talk about the future.\" \n\n\n  One of Palihapitiya's SPACs, Clover Health $(CLOV)$, was also the subject of a Hindenburg Research repor  and that as a healthcare company, it frequently receives requests from regulators. \n\n\n  Clover has disclosed an SEC investigation, which the company said is due to the Hindenburg report, and the stock is now trading around half of its December high of $16.77. A spokesperson for Clover Health declined to comment. Lucid Motors did not respond to requests for comment. \n\n\n  (MORE TO FOLLOW) Dow Jones Newswires\n\n\n  May 14, 2021 13:45 ET (17:45 GMT)\n\n\n  Copyright (c) 2021 Dow Jones & Company, Inc.","news_type":1,"symbols_score_info":{"CLOV":0.9,"CCIV":0.9,"SPAK":0.9,"DKNG":0.9,"NKLA":0.9,"RIDE":0.9,"SPCE":0.9}},"isVote":1,"tweetType":1,"viewCount":819,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":196022965,"gmtCreate":1621000624457,"gmtModify":1704351793027,"author":{"id":"3574990322495539","authorId":"3574990322495539","name":"sleeepyx","avatar":"https://static.tigerbbs.com/a0a29388673f483856a5e08c30343e21","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574990322495539","idStr":"3574990322495539"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/NLY\">$Annaly Capital Management(NLY)$</a>fuiyoh gogogo!","listText":"<a href=\"https://laohu8.com/S/NLY\">$Annaly Capital Management(NLY)$</a>fuiyoh gogogo!","text":"$Annaly Capital Management(NLY)$fuiyoh gogogo!","images":[{"img":"https://static.tigerbbs.com/510e3092dda933fdf6146e6341ba1a24","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/196022965","isVote":1,"tweetType":1,"viewCount":1133,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":198641204,"gmtCreate":1620957745808,"gmtModify":1704351114576,"author":{"id":"3574990322495539","authorId":"3574990322495539","name":"sleeepyx","avatar":"https://static.tigerbbs.com/a0a29388673f483856a5e08c30343e21","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574990322495539","idStr":"3574990322495539"},"themes":[],"htmlText":"Looking good!","listText":"Looking good!","text":"Looking good!","images":[{"img":"https://static.tigerbbs.com/bce68f4fbcbd7aa909bc628068e94335","width":"1080","height":"3120"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/198641204","isVote":1,"tweetType":1,"viewCount":1059,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"hots":[{"id":135956283,"gmtCreate":1622127604942,"gmtModify":1704180030418,"author":{"id":"3574990322495539","authorId":"3574990322495539","name":"sleeepyx","avatar":"https://static.tigerbbs.com/a0a29388673f483856a5e08c30343e21","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574990322495539","idStr":"3574990322495539"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/OTLY\">$Oatly Group AB(OTLY)$</a>oh yes!","listText":"<a href=\"https://laohu8.com/S/OTLY\">$Oatly Group AB(OTLY)$</a>oh yes!","text":"$Oatly Group AB(OTLY)$oh yes!","images":[{"img":"https://static.tigerbbs.com/abceee9dd79a1792d18bdd84c6a406f3","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/135956283","isVote":1,"tweetType":1,"viewCount":945,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":182809550,"gmtCreate":1623560476770,"gmtModify":1704206212364,"author":{"id":"3574990322495539","authorId":"3574990322495539","name":"sleeepyx","avatar":"https://static.tigerbbs.com/a0a29388673f483856a5e08c30343e21","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574990322495539","idStr":"3574990322495539"},"themes":[],"htmlText":"Something to watch","listText":"Something to watch","text":"Something to 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href=\"https://laohu8.com/S/SIRC\">$Solar Integrated Roofing Corporation(SIRC)$</a>yes why cant we buy this?&nbsp;","listText":"<a href=\"https://laohu8.com/S/SIRC\">$Solar Integrated Roofing Corporation(SIRC)$</a>yes why cant we buy this?&nbsp;","text":"$Solar Integrated Roofing Corporation(SIRC)$yes why cant we buy this?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/119778033","isVote":1,"tweetType":1,"viewCount":797,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":139800188,"gmtCreate":1621604494544,"gmtModify":1704360421001,"author":{"id":"3574990322495539","authorId":"3574990322495539","name":"sleeepyx","avatar":"https://static.tigerbbs.com/a0a29388673f483856a5e08c30343e21","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574990322495539","idStr":"3574990322495539"},"themes":[],"htmlText":"Fuiyo","listText":"Fuiyo","text":"Fuiyo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/139800188","repostId":"2137797406","repostType":2,"repost":{"id":"2137797406","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1621565260,"share":"https://ttm.financial/m/news/2137797406?lang=en_US&edition=fundamental","pubTime":"2021-05-21 10:47","market":"hk","language":"en","title":"UPDATE 1-JD Logistics to raise $3.16 bln in Hong Kong IPO -sources","url":"https://stock-news.laohu8.com/highlight/detail?id=2137797406","media":"Reuters","summary":"(Adds deal detail)   By Scott Murdoch   HONG KONG, May 21 (Reuters) - JD Logistics Inc has indicated","content":"<html><body><p>(Adds deal detail)</p><p>   By Scott Murdoch</p><p>   HONG KONG, May 21 (Reuters) - JD Logistics Inc has indicated it will price shares at HK$40.36 ($5.20), towards the lower end of its flagged range, to raise $3.16 billion in a Hong Kong initial public offering <a href=\"https://laohu8.com/S/IPO.UK\">$(IPO.UK)$</a>, two people with direct knowledge of the matter said.</p><p>   The people declined to be identified as the information has not yet been made public. </p><p>   JD Logistics did not immediately reply to a request for comment.</p><p>   It had set a price range of HK$39.36 to HK$43.36 per share which would have raised $3.4 billion at the top end.</p><p>   The company sold 609.1 million shares in the deal, which is Hong Kong's second-largest IPO this year following Kuaishou Technology    raising $5.4 billion in January.</p><p>   JD Logistics sold 10% of its total shares in the transaction, valuing the company at $31.6 billion.</p><p>   An over-allotment option, or so-called greenshoe, exists to sell a further 91 million shares within 30 days of the shares starting trade.</p><p>   JD Logistics is due to debut on the Hong Kong Stock Exchange on May 28.</p><p>   The company recorded 22.4 billion yuan ($3.48 billion) in revenue in the first quarter of 2021, up 64.1% from the same period in 2020.</p><p>   Its gross profit for the quarter reached 230.7 million yuan, down 72.7% from the same time last year, which it blamed on the impact of the novel coronavirus pandemic as well as adding 60,000 workers to its headcount during the year.</p><p>($1 = 7.7621 Hong Kong dollars) ($1 = 6.4341 Chinese yuan renminbi)</p><p> (Reporting by Scott Murdoch in Hong Kong; Editing by Tom Hogue and Christopher Cushing)</p><p>((Scott.Murdoch@thomsonreuters.com;))</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>UPDATE 1-JD Logistics to raise $3.16 bln in Hong Kong IPO -sources</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUPDATE 1-JD Logistics to raise $3.16 bln in Hong Kong IPO -sources\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-05-21 10:47</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>(Adds deal detail)</p><p>   By Scott Murdoch</p><p>   HONG KONG, May 21 (Reuters) - JD Logistics Inc has indicated it will price shares at HK$40.36 ($5.20), towards the lower end of its flagged range, to raise $3.16 billion in a Hong Kong initial public offering <a href=\"https://laohu8.com/S/IPO.UK\">$(IPO.UK)$</a>, two people with direct knowledge of the matter said.</p><p>   The people declined to be identified as the information has not yet been made public. </p><p>   JD Logistics did not immediately reply to a request for comment.</p><p>   It had set a price range of HK$39.36 to HK$43.36 per share which would have raised $3.4 billion at the top end.</p><p>   The company sold 609.1 million shares in the deal, which is Hong Kong's second-largest IPO this year following Kuaishou Technology    raising $5.4 billion in January.</p><p>   JD Logistics sold 10% of its total shares in the transaction, valuing the company at $31.6 billion.</p><p>   An over-allotment option, or so-called greenshoe, exists to sell a further 91 million shares within 30 days of the shares starting trade.</p><p>   JD Logistics is due to debut on the Hong Kong Stock Exchange on May 28.</p><p>   The company recorded 22.4 billion yuan ($3.48 billion) in revenue in the first quarter of 2021, up 64.1% from the same period in 2020.</p><p>   Its gross profit for the quarter reached 230.7 million yuan, down 72.7% from the same time last year, which it blamed on the impact of the novel coronavirus pandemic as well as adding 60,000 workers to its headcount during the year.</p><p>($1 = 7.7621 Hong Kong dollars) ($1 = 6.4341 Chinese yuan renminbi)</p><p> (Reporting by Scott Murdoch in Hong Kong; Editing by Tom Hogue and Christopher Cushing)</p><p>((Scott.Murdoch@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"02618":"京东物流"},"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2137797406","content_text":"(Adds deal detail)   By Scott Murdoch   HONG KONG, May 21 (Reuters) - JD Logistics Inc has indicated it will price shares at HK$40.36 ($5.20), towards the lower end of its flagged range, to raise $3.16 billion in a Hong Kong initial public offering $(IPO.UK)$, two people with direct knowledge of the matter said.   The people declined to be identified as the information has not yet been made public.    JD Logistics did not immediately reply to a request for comment.   It had set a price range of HK$39.36 to HK$43.36 per share which would have raised $3.4 billion at the top end.   The company sold 609.1 million shares in the deal, which is Hong Kong's second-largest IPO this year following Kuaishou Technology    raising $5.4 billion in January.   JD Logistics sold 10% of its total shares in the transaction, valuing the company at $31.6 billion.   An over-allotment option, or so-called greenshoe, exists to sell a further 91 million shares within 30 days of the shares starting trade.   JD Logistics is due to debut on the Hong Kong Stock Exchange on May 28.   The company recorded 22.4 billion yuan ($3.48 billion) in revenue in the first quarter of 2021, up 64.1% from the same period in 2020.   Its gross profit for the quarter reached 230.7 million yuan, down 72.7% from the same time last year, which it blamed on the impact of the novel coronavirus pandemic as well as adding 60,000 workers to its headcount during the year.($1 = 7.7621 Hong Kong dollars) ($1 = 6.4341 Chinese yuan renminbi) (Reporting by Scott Murdoch in Hong Kong; Editing by Tom Hogue and Christopher Cushing)((Scott.Murdoch@thomsonreuters.com;))","news_type":1,"symbols_score_info":{"90032":1,"02618":0.9}},"isVote":1,"tweetType":1,"viewCount":701,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":139175256,"gmtCreate":1621604406975,"gmtModify":1704360416962,"author":{"id":"3574990322495539","authorId":"3574990322495539","name":"sleeepyx","avatar":"https://static.tigerbbs.com/a0a29388673f483856a5e08c30343e21","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574990322495539","idStr":"3574990322495539"},"themes":[],"htmlText":"What???","listText":"What???","text":"What???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/139175256","repostId":"1104206984","repostType":4,"repost":{"id":"1104206984","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1621602307,"share":"https://ttm.financial/m/news/1104206984?lang=en_US&edition=fundamental","pubTime":"2021-05-21 21:05","market":"us","language":"en","title":"Nvidia announces four-for-one stock split","url":"https://stock-news.laohu8.com/highlight/detail?id=1104206984","media":"Tiger Newspress","summary":"Nvidia stock surged 4% in premarket trading after Nvidia announcing four-for-one stock split, pending stockholder approval at annual meeting set for june 3.NVIDIA today announced that its board of directors declared a four-for-one split of NVIDIA’s common stock in the form of a stock dividend to make stock ownership more accessible to investors and employees.The stock dividend is conditioned on obtaining stockholder approval at the company’s 2021 Annual Meeting of Stockholders ― to be held virtu","content":"<p>Nvidia&nbsp;stock&nbsp;surged&nbsp;4%&nbsp;in premarket trading&nbsp;after&nbsp;Nvidia announcing four-for-one stock split, pending stockholder approval at annual meeting set for june 3.</p><p><img src=\"https://static.tigerbbs.com/7ce7f341b06f2a7d0ff51e4ab3cb6f2e\" tg-width=\"1302\" tg-height=\"833\" referrerpolicy=\"no-referrer\"></p><p>NVIDIA today announced that its board of directors declared a four-for-one split of NVIDIA’s common stock in the form of a stock dividend to make stock ownership more accessible to investors and employees.</p><p>The stock dividend is conditioned on obtaining stockholder approval at the company’s 2021 Annual Meeting of Stockholders ― to be held virtually on Thursday, June 3, at 11 a.m. PT ― to increase the number of authorized shares of common stock to 4 billion shares.</p><p>If approval is obtained, each NVIDIA stockholder of record at the close of business on June 21, 2021, will receive a dividend of three additional shares of common stock for every share held on the record date, to be distributed after the close of trading on July 19, 2021. Trading is expected to begin on a stock split-adjusted basis on July 20.</p><p><b>About NVIDIA</b></p><p>NVIDIA’s (NASDAQ: NVDA) invention of the GPU in 1999 sparked the growth of the PC gaming market and has redefined modern computer graphics, high performance computing and artificial intelligence. The company’s pioneering work in accelerated computing and AI is reshaping trillion-dollar industries, such as transportation, healthcare and manufacturing, and fueling the growth of many others.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nvidia announces four-for-one stock split</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNvidia announces four-for-one stock split\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-05-21 21:05</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Nvidia&nbsp;stock&nbsp;surged&nbsp;4%&nbsp;in premarket trading&nbsp;after&nbsp;Nvidia announcing four-for-one stock split, pending stockholder approval at annual meeting set for june 3.</p><p><img src=\"https://static.tigerbbs.com/7ce7f341b06f2a7d0ff51e4ab3cb6f2e\" tg-width=\"1302\" tg-height=\"833\" referrerpolicy=\"no-referrer\"></p><p>NVIDIA today announced that its board of directors declared a four-for-one split of NVIDIA’s common stock in the form of a stock dividend to make stock ownership more accessible to investors and employees.</p><p>The stock dividend is conditioned on obtaining stockholder approval at the company’s 2021 Annual Meeting of Stockholders ― to be held virtually on Thursday, June 3, at 11 a.m. PT ― to increase the number of authorized shares of common stock to 4 billion shares.</p><p>If approval is obtained, each NVIDIA stockholder of record at the close of business on June 21, 2021, will receive a dividend of three additional shares of common stock for every share held on the record date, to be distributed after the close of trading on July 19, 2021. Trading is expected to begin on a stock split-adjusted basis on July 20.</p><p><b>About NVIDIA</b></p><p>NVIDIA’s (NASDAQ: NVDA) invention of the GPU in 1999 sparked the growth of the PC gaming market and has redefined modern computer graphics, high performance computing and artificial intelligence. The company’s pioneering work in accelerated computing and AI is reshaping trillion-dollar industries, such as transportation, healthcare and manufacturing, and fueling the growth of many others.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1104206984","content_text":"Nvidia stock surged 4% in premarket trading after Nvidia announcing four-for-one stock split, pending stockholder approval at annual meeting set for june 3.NVIDIA today announced that its board of directors declared a four-for-one split of NVIDIA’s common stock in the form of a stock dividend to make stock ownership more accessible to investors and employees.The stock dividend is conditioned on obtaining stockholder approval at the company’s 2021 Annual Meeting of Stockholders ― to be held virtually on Thursday, June 3, at 11 a.m. PT ― to increase the number of authorized shares of common stock to 4 billion shares.If approval is obtained, each NVIDIA stockholder of record at the close of business on June 21, 2021, will receive a dividend of three additional shares of common stock for every share held on the record date, to be distributed after the close of trading on July 19, 2021. Trading is expected to begin on a stock split-adjusted basis on July 20.About NVIDIANVIDIA’s (NASDAQ: NVDA) invention of the GPU in 1999 sparked the growth of the PC gaming market and has redefined modern computer graphics, high performance computing and artificial intelligence. The company’s pioneering work in accelerated computing and AI is reshaping trillion-dollar industries, such as transportation, healthcare and manufacturing, and fueling the growth of many others.","news_type":1,"symbols_score_info":{"NVDA":0.9}},"isVote":1,"tweetType":1,"viewCount":761,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":195743900,"gmtCreate":1621320373900,"gmtModify":1704355729025,"author":{"id":"3574990322495539","authorId":"3574990322495539","name":"sleeepyx","avatar":"https://static.tigerbbs.com/a0a29388673f483856a5e08c30343e21","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574990322495539","idStr":"3574990322495539"},"themes":[],"htmlText":"Cmon, go back up","listText":"Cmon, go back up","text":"Cmon, go back up","images":[{"img":"https://static.tigerbbs.com/8008380f67b7f9386d5f44848b4cd2fa","width":"1080","height":"3120"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/195743900","isVote":1,"tweetType":1,"viewCount":961,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":192392464,"gmtCreate":1621143013158,"gmtModify":1704353342462,"author":{"id":"3574990322495539","authorId":"3574990322495539","name":"sleeepyx","avatar":"https://static.tigerbbs.com/a0a29388673f483856a5e08c30343e21","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574990322495539","idStr":"3574990322495539"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/192392464","repostId":"2135607498","repostType":2,"repost":{"id":"2135607498","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1621014300,"share":"https://ttm.financial/m/news/2135607498?lang=en_US&edition=fundamental","pubTime":"2021-05-15 01:45","market":"us","language":"en","title":"The SPACsplosion has reached a reckoning","url":"https://stock-news.laohu8.com/highlight/detail?id=2135607498","media":"Dow Jones","summary":"MW The SPACsplosion has reached a reckoning\n\n\n  By Therese Poletti \n\n\n  SEC investigations and prono","content":"<html><body><font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW The SPACsplosion has reached a reckoning\n</p>\n<p>\n  By Therese Poletti \n</p>\n<p>\n  SEC investigations and pronouncements, class-action lawsuits and plunging stock prices have frozen the SPAC bubble in place, but the companies aren't going anywhere just yet \n</p>\n<p>\n  The proposed merger between blank-check company <a href=\"https://laohu8.com/S/CCC.U\">Churchill Capital</a> IV and Lucid Motors is a pretty typical example of the pandemic SPACsplosion -- it involves electric cars that have not yet been built, eye-popping forecasts and frothy trading. \n</p>\n<p>\n  And while this deal is not yet even completed, Wall Street has already gotten its share at a discount and retail investors have been hit with big losses. \n</p>\n<p>\n  Regulators and investors are finally figuring out the dangers of special-purpose acquisition companies, also known as SPACs, or blank-check companies. Lucid, a Tesla Inc. <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a> wannabe, and Churchill Capital IV <a href=\"https://laohu8.com/S/CCIV\">$(CCIV)$</a> have both been hit with several class-action lawsuits that allege Lucid Chief Executive Peter Rawlinson made false and misleading statements about vehicle production and revenue potential, an area the Securities and Exchange Commission is reportedly exploring  as well. \n</p>\n<p>\n  Almost a month after news reports that Lucid was in talks to go public through a merger with a blank check company, Rawlinson told Forbes  that he wanted to build 6,000 new Lucid Air vehicles in a factory in Arizona, potentially generating $900 million in revenue, and ramping up to 25,000 vehicles by 2022. Rawlinson touted similar projections in other interviews read by retail investors who jumped on the chance to get the next buzzy EV startup, and by February 18, according to the lawsuit, shares of Churchill had climbed to an all-time high of $58. \n</p>\n<p>\n  When the merger was actually announced on February, investors learned in a slick presentation document that Lucid now plans on 577 vehicles in 2021 and 20,157 vehicles in 2022. \n</p>\n<p>\n  But the pros on Wall Street had already stepped in. The actual merger also included a private investment in a public equity, or PIPE, deal that gave institutional investors shares at a much lower valuation than they were going for in the public markets, where individual investors were bidding up the price after media reports of a merger. Between the new vehicle projections, and the details of the PIPE, the stock plunged, costing speculators, three of whom became the subjects of a Wall Street Journal feature on individual investors losing during the current stock-market mania . \n</p>\n<p>\n  With its allegations of false statements and poor disclosures, Churchill/Lucid is far from alone. Shortseller Hindenburg Research has detailed potential false claims from hydrogen-fueled trucking company Nikola Corp. <a href=\"https://laohu8.com/S/NKLA\">$(NKLA)$</a> and electronic truck company Lordstown Motors <a href=\"https://laohu8.com/S/RIDE\">$(RIDE)$</a>, leading to Securities and Exchange Commission investigations and class-action lawsuits involving both. Blank-check company <a href=\"https://laohu8.com/S/ACICU\">Atlas Crest Investment Corp.</a> ACIC (#phrase-company?ref=COMPANY%7CACIC;onlineSignificance=prominent) -- now in the process of buying flying-taxi company Archer Aviation -- disclosed in an SEC filing that Archer is the target of a serious trade secret theft lawsuit filed by Wisk, a joint venture of Alphabet Inc. co-founder Larry Page's Kitty Hawk flying taxi company and Boeing Co. BA (#phrase-company?ref=COMPANY%7CBA;onlineSignificance=prominent). \n</p>\n<p>\n  Read more about The rise of EV SPACs as the next version of the dot-com bubble  \n</p>\n<p>\n  Regulators and lawmakers are jumping in as well. Some of the biggest SPACs -- including <a href=\"https://laohu8.com/S/DKNG\">DraftKings Inc.</a> (DKNG) and <a href=\"https://laohu8.com/S/SPCE.WS\">Virgin Galactic Holdings Inc</a>. <a href=\"https://laohu8.com/S/SPCE\">$(SPCE)$</a>-- have been forced to restate their previously filed financial information in response to new SEC guidance  that seeks to get the SEC to require more disclosures to give investors more transparency. \n</p>\n<p>\n  The result: A reckoning for the SPACsplosion. In April, the number of SPACs that filed to go public, or SPAC mergers that became public companies, skidded to a halt. Only 13 deals went public in April, raising $3.2 billion, according to data provider Dealogic, down from 108 SPACs in March, 97 in February, and 90 in January. In the first four months of 2021 combined, SPACs raised $323 billion in IPOs, nearly on par with full year 2020, when companies raised $336 billion, according to SPAC Research , but the flood has now slowed to a trickle. \n</p>\n<p>\n  \"I think it slowed down to a degree because of the SEC statement on warrants,\" said David Slovick, a partner at Barnes &amp; Thornburg in New York, who represents companies involved in SEC and CFTC enforcement investigations and related regulatory counseling. \"There is also a backlog at the SEC's Division of Corporation Finance, which is responsible for evaluating whether SPAC's are accurately disclosing their financial information to prospective investors.\" \n</p>\n<p>\n  The SEC's recent reminders on its website have mostly focused on a few core issues with SPACs, with the underlying theme that some companies are playing fast and loose, apparently not seeing the de-SPAC process as a traditional IPO, especially when it comes to disclosures and forward-looking statements. \n</p>\n<p>\n  \"Some -- but far from all -- practitioners and commentators have claimed that an advantage of SPACs over traditional IPOs is lesser securities law liability exposure for targets and the public company itself,\" said John Coates, acting director, division of corporation finance, at the SEC, in an April public statement . He went on to say \"Any simple claim about reduced liability exposure for SPAC participants is overstated at best, and potentially seriously misleading at worst.\" \n</p>\n<p>\n  Read more on How the SEC is telling investors to ignore a billionaire's legal advice   \n</p>\n<p>\n  Besides SEC scrutiny, these companies now face that rush of class-action lawsuits. Currently, according to Stephen Blake, a litigation partner at Simpson Thacher &amp; Bartlett in Palo Alto, over 40 lawsuits have been filed against SPACs in both federal and state courts of California, Delaware and New York. \n</p>\n<p>\n  \"They are not frivolous cases, they are legitimate, substantive cases,\" said Michael Klausner, a professor of law at Stanford Law School. \"Will they have a general effect on the entire market? They could, but no time soon. It could be that a ruling in <a href=\"https://laohu8.com/S/AONE\">one</a> of these cases, or more of these cases, could alter the way SPACs disclose, what they disclose and how they disclose it, but that will require a judicial opinion, which is months away.\" \n</p>\n<p>\n  Klausner added that the SEC staff also could be looking much more closely at the projections SPACs or their acquisition targets are making, and say they have to justify the projections, which would constrain them <a href=\"https://laohu8.com/S/AONE.U\">one</a> by one. \"We will see whether they will do that or not,\" he said. \n</p>\n<p>\n  The pattern of a recently created SPAC ETF <a href=\"https://laohu8.com/S/SPAK\">$(SPAK)$</a> shows how these stocks have lost their darling status on Wall Street. After peaking in February, the SPAC ETF, created last October and made up of 83 holdings   to premerger status blank check companies like Churchill -- has plunged 30% from its high. SPACs have also become a target of other shortsellers beyond Hindenburg Research. \n</p>\n<p>\n  When it comes to outlandish disclosures, with no fears of retribution, some SPACs may be taking a page from Chamath Palihapitiya, founder and CEO of Social Capital and recently called the \"King of SPACs.\"Palihapitiya said in a YouTube video  that in a traditional IPO, you cannot give forecasts, but because a SPAC is a merger, \"you're all of a sudden allowed to talk about the future.\" \n</p>\n<p>\n  One of Palihapitiya's SPACs, Clover Health <a href=\"https://laohu8.com/S/CLOV\">$(CLOV)$</a>, was also the subject of a Hindenburg Research repor  and that as a healthcare company, it frequently receives requests from regulators. \n</p>\n<p>\n  Clover has disclosed an SEC investigation, which the company said is due to the Hindenburg report, and the stock is now trading around half of its December high of $16.77. A spokesperson for Clover Health declined to comment. Lucid Motors did not respond to requests for comment. \n</p>\n<p>\n  (MORE TO FOLLOW) Dow Jones Newswires\n</p>\n<p>\n  May 14, 2021 13:45 ET (17:45 GMT)\n</p>\n<p>\n  Copyright (c) 2021 Dow Jones &amp; Company, Inc.\n</p>\n</font></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The SPACsplosion has reached a reckoning</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe SPACsplosion has reached a reckoning\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-05-15 01:45</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW The SPACsplosion has reached a reckoning\n</p>\n<p>\n  By Therese Poletti \n</p>\n<p>\n  SEC investigations and pronouncements, class-action lawsuits and plunging stock prices have frozen the SPAC bubble in place, but the companies aren't going anywhere just yet \n</p>\n<p>\n  The proposed merger between blank-check company <a href=\"https://laohu8.com/S/CCC.U\">Churchill Capital</a> IV and Lucid Motors is a pretty typical example of the pandemic SPACsplosion -- it involves electric cars that have not yet been built, eye-popping forecasts and frothy trading. \n</p>\n<p>\n  And while this deal is not yet even completed, Wall Street has already gotten its share at a discount and retail investors have been hit with big losses. \n</p>\n<p>\n  Regulators and investors are finally figuring out the dangers of special-purpose acquisition companies, also known as SPACs, or blank-check companies. Lucid, a Tesla Inc. <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a> wannabe, and Churchill Capital IV <a href=\"https://laohu8.com/S/CCIV\">$(CCIV)$</a> have both been hit with several class-action lawsuits that allege Lucid Chief Executive Peter Rawlinson made false and misleading statements about vehicle production and revenue potential, an area the Securities and Exchange Commission is reportedly exploring  as well. \n</p>\n<p>\n  Almost a month after news reports that Lucid was in talks to go public through a merger with a blank check company, Rawlinson told Forbes  that he wanted to build 6,000 new Lucid Air vehicles in a factory in Arizona, potentially generating $900 million in revenue, and ramping up to 25,000 vehicles by 2022. Rawlinson touted similar projections in other interviews read by retail investors who jumped on the chance to get the next buzzy EV startup, and by February 18, according to the lawsuit, shares of Churchill had climbed to an all-time high of $58. \n</p>\n<p>\n  When the merger was actually announced on February, investors learned in a slick presentation document that Lucid now plans on 577 vehicles in 2021 and 20,157 vehicles in 2022. \n</p>\n<p>\n  But the pros on Wall Street had already stepped in. The actual merger also included a private investment in a public equity, or PIPE, deal that gave institutional investors shares at a much lower valuation than they were going for in the public markets, where individual investors were bidding up the price after media reports of a merger. Between the new vehicle projections, and the details of the PIPE, the stock plunged, costing speculators, three of whom became the subjects of a Wall Street Journal feature on individual investors losing during the current stock-market mania . \n</p>\n<p>\n  With its allegations of false statements and poor disclosures, Churchill/Lucid is far from alone. Shortseller Hindenburg Research has detailed potential false claims from hydrogen-fueled trucking company Nikola Corp. <a href=\"https://laohu8.com/S/NKLA\">$(NKLA)$</a> and electronic truck company Lordstown Motors <a href=\"https://laohu8.com/S/RIDE\">$(RIDE)$</a>, leading to Securities and Exchange Commission investigations and class-action lawsuits involving both. Blank-check company <a href=\"https://laohu8.com/S/ACICU\">Atlas Crest Investment Corp.</a> ACIC (#phrase-company?ref=COMPANY%7CACIC;onlineSignificance=prominent) -- now in the process of buying flying-taxi company Archer Aviation -- disclosed in an SEC filing that Archer is the target of a serious trade secret theft lawsuit filed by Wisk, a joint venture of Alphabet Inc. co-founder Larry Page's Kitty Hawk flying taxi company and Boeing Co. BA (#phrase-company?ref=COMPANY%7CBA;onlineSignificance=prominent). \n</p>\n<p>\n  Read more about The rise of EV SPACs as the next version of the dot-com bubble  \n</p>\n<p>\n  Regulators and lawmakers are jumping in as well. Some of the biggest SPACs -- including <a href=\"https://laohu8.com/S/DKNG\">DraftKings Inc.</a> (DKNG) and <a href=\"https://laohu8.com/S/SPCE.WS\">Virgin Galactic Holdings Inc</a>. <a href=\"https://laohu8.com/S/SPCE\">$(SPCE)$</a>-- have been forced to restate their previously filed financial information in response to new SEC guidance  that seeks to get the SEC to require more disclosures to give investors more transparency. \n</p>\n<p>\n  The result: A reckoning for the SPACsplosion. In April, the number of SPACs that filed to go public, or SPAC mergers that became public companies, skidded to a halt. Only 13 deals went public in April, raising $3.2 billion, according to data provider Dealogic, down from 108 SPACs in March, 97 in February, and 90 in January. In the first four months of 2021 combined, SPACs raised $323 billion in IPOs, nearly on par with full year 2020, when companies raised $336 billion, according to SPAC Research , but the flood has now slowed to a trickle. \n</p>\n<p>\n  \"I think it slowed down to a degree because of the SEC statement on warrants,\" said David Slovick, a partner at Barnes &amp; Thornburg in New York, who represents companies involved in SEC and CFTC enforcement investigations and related regulatory counseling. \"There is also a backlog at the SEC's Division of Corporation Finance, which is responsible for evaluating whether SPAC's are accurately disclosing their financial information to prospective investors.\" \n</p>\n<p>\n  The SEC's recent reminders on its website have mostly focused on a few core issues with SPACs, with the underlying theme that some companies are playing fast and loose, apparently not seeing the de-SPAC process as a traditional IPO, especially when it comes to disclosures and forward-looking statements. \n</p>\n<p>\n  \"Some -- but far from all -- practitioners and commentators have claimed that an advantage of SPACs over traditional IPOs is lesser securities law liability exposure for targets and the public company itself,\" said John Coates, acting director, division of corporation finance, at the SEC, in an April public statement . He went on to say \"Any simple claim about reduced liability exposure for SPAC participants is overstated at best, and potentially seriously misleading at worst.\" \n</p>\n<p>\n  Read more on How the SEC is telling investors to ignore a billionaire's legal advice   \n</p>\n<p>\n  Besides SEC scrutiny, these companies now face that rush of class-action lawsuits. Currently, according to Stephen Blake, a litigation partner at Simpson Thacher &amp; Bartlett in Palo Alto, over 40 lawsuits have been filed against SPACs in both federal and state courts of California, Delaware and New York. \n</p>\n<p>\n  \"They are not frivolous cases, they are legitimate, substantive cases,\" said Michael Klausner, a professor of law at Stanford Law School. \"Will they have a general effect on the entire market? They could, but no time soon. It could be that a ruling in <a href=\"https://laohu8.com/S/AONE\">one</a> of these cases, or more of these cases, could alter the way SPACs disclose, what they disclose and how they disclose it, but that will require a judicial opinion, which is months away.\" \n</p>\n<p>\n  Klausner added that the SEC staff also could be looking much more closely at the projections SPACs or their acquisition targets are making, and say they have to justify the projections, which would constrain them <a href=\"https://laohu8.com/S/AONE.U\">one</a> by one. \"We will see whether they will do that or not,\" he said. \n</p>\n<p>\n  The pattern of a recently created SPAC ETF <a href=\"https://laohu8.com/S/SPAK\">$(SPAK)$</a> shows how these stocks have lost their darling status on Wall Street. After peaking in February, the SPAC ETF, created last October and made up of 83 holdings   to premerger status blank check companies like Churchill -- has plunged 30% from its high. SPACs have also become a target of other shortsellers beyond Hindenburg Research. \n</p>\n<p>\n  When it comes to outlandish disclosures, with no fears of retribution, some SPACs may be taking a page from Chamath Palihapitiya, founder and CEO of Social Capital and recently called the \"King of SPACs.\"Palihapitiya said in a YouTube video  that in a traditional IPO, you cannot give forecasts, but because a SPAC is a merger, \"you're all of a sudden allowed to talk about the future.\" \n</p>\n<p>\n  One of Palihapitiya's SPACs, Clover Health <a href=\"https://laohu8.com/S/CLOV\">$(CLOV)$</a>, was also the subject of a Hindenburg Research repor  and that as a healthcare company, it frequently receives requests from regulators. \n</p>\n<p>\n  Clover has disclosed an SEC investigation, which the company said is due to the Hindenburg report, and the stock is now trading around half of its December high of $16.77. A spokesperson for Clover Health declined to comment. Lucid Motors did not respond to requests for comment. \n</p>\n<p>\n  (MORE TO FOLLOW) Dow Jones Newswires\n</p>\n<p>\n  May 14, 2021 13:45 ET (17:45 GMT)\n</p>\n<p>\n  Copyright (c) 2021 Dow Jones &amp; Company, Inc.\n</p>\n</font></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPCE":"维珍银河","SPAK":"Defiance NextGen SPAC Derived ETF","DKNG":"DraftKings Inc.","CLOV":"Clover Health Corp"},"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2135607498","content_text":"MW The SPACsplosion has reached a reckoning\n\n\n  By Therese Poletti \n\n\n  SEC investigations and pronouncements, class-action lawsuits and plunging stock prices have frozen the SPAC bubble in place, but the companies aren't going anywhere just yet \n\n\n  The proposed merger between blank-check company Churchill Capital IV and Lucid Motors is a pretty typical example of the pandemic SPACsplosion -- it involves electric cars that have not yet been built, eye-popping forecasts and frothy trading. \n\n\n  And while this deal is not yet even completed, Wall Street has already gotten its share at a discount and retail investors have been hit with big losses. \n\n\n  Regulators and investors are finally figuring out the dangers of special-purpose acquisition companies, also known as SPACs, or blank-check companies. Lucid, a Tesla Inc. $(TSLA)$ wannabe, and Churchill Capital IV $(CCIV)$ have both been hit with several class-action lawsuits that allege Lucid Chief Executive Peter Rawlinson made false and misleading statements about vehicle production and revenue potential, an area the Securities and Exchange Commission is reportedly exploring  as well. \n\n\n  Almost a month after news reports that Lucid was in talks to go public through a merger with a blank check company, Rawlinson told Forbes  that he wanted to build 6,000 new Lucid Air vehicles in a factory in Arizona, potentially generating $900 million in revenue, and ramping up to 25,000 vehicles by 2022. Rawlinson touted similar projections in other interviews read by retail investors who jumped on the chance to get the next buzzy EV startup, and by February 18, according to the lawsuit, shares of Churchill had climbed to an all-time high of $58. \n\n\n  When the merger was actually announced on February, investors learned in a slick presentation document that Lucid now plans on 577 vehicles in 2021 and 20,157 vehicles in 2022. \n\n\n  But the pros on Wall Street had already stepped in. The actual merger also included a private investment in a public equity, or PIPE, deal that gave institutional investors shares at a much lower valuation than they were going for in the public markets, where individual investors were bidding up the price after media reports of a merger. Between the new vehicle projections, and the details of the PIPE, the stock plunged, costing speculators, three of whom became the subjects of a Wall Street Journal feature on individual investors losing during the current stock-market mania . \n\n\n  With its allegations of false statements and poor disclosures, Churchill/Lucid is far from alone. Shortseller Hindenburg Research has detailed potential false claims from hydrogen-fueled trucking company Nikola Corp. $(NKLA)$ and electronic truck company Lordstown Motors $(RIDE)$, leading to Securities and Exchange Commission investigations and class-action lawsuits involving both. Blank-check company Atlas Crest Investment Corp. ACIC (#phrase-company?ref=COMPANY%7CACIC;onlineSignificance=prominent) -- now in the process of buying flying-taxi company Archer Aviation -- disclosed in an SEC filing that Archer is the target of a serious trade secret theft lawsuit filed by Wisk, a joint venture of Alphabet Inc. co-founder Larry Page's Kitty Hawk flying taxi company and Boeing Co. BA (#phrase-company?ref=COMPANY%7CBA;onlineSignificance=prominent). \n\n\n  Read more about The rise of EV SPACs as the next version of the dot-com bubble  \n\n\n  Regulators and lawmakers are jumping in as well. Some of the biggest SPACs -- including DraftKings Inc. (DKNG) and Virgin Galactic Holdings Inc. $(SPCE)$-- have been forced to restate their previously filed financial information in response to new SEC guidance  that seeks to get the SEC to require more disclosures to give investors more transparency. \n\n\n  The result: A reckoning for the SPACsplosion. In April, the number of SPACs that filed to go public, or SPAC mergers that became public companies, skidded to a halt. Only 13 deals went public in April, raising $3.2 billion, according to data provider Dealogic, down from 108 SPACs in March, 97 in February, and 90 in January. In the first four months of 2021 combined, SPACs raised $323 billion in IPOs, nearly on par with full year 2020, when companies raised $336 billion, according to SPAC Research , but the flood has now slowed to a trickle. \n\n\n  \"I think it slowed down to a degree because of the SEC statement on warrants,\" said David Slovick, a partner at Barnes & Thornburg in New York, who represents companies involved in SEC and CFTC enforcement investigations and related regulatory counseling. \"There is also a backlog at the SEC's Division of Corporation Finance, which is responsible for evaluating whether SPAC's are accurately disclosing their financial information to prospective investors.\" \n\n\n  The SEC's recent reminders on its website have mostly focused on a few core issues with SPACs, with the underlying theme that some companies are playing fast and loose, apparently not seeing the de-SPAC process as a traditional IPO, especially when it comes to disclosures and forward-looking statements. \n\n\n  \"Some -- but far from all -- practitioners and commentators have claimed that an advantage of SPACs over traditional IPOs is lesser securities law liability exposure for targets and the public company itself,\" said John Coates, acting director, division of corporation finance, at the SEC, in an April public statement . He went on to say \"Any simple claim about reduced liability exposure for SPAC participants is overstated at best, and potentially seriously misleading at worst.\" \n\n\n  Read more on How the SEC is telling investors to ignore a billionaire's legal advice   \n\n\n  Besides SEC scrutiny, these companies now face that rush of class-action lawsuits. Currently, according to Stephen Blake, a litigation partner at Simpson Thacher & Bartlett in Palo Alto, over 40 lawsuits have been filed against SPACs in both federal and state courts of California, Delaware and New York. \n\n\n  \"They are not frivolous cases, they are legitimate, substantive cases,\" said Michael Klausner, a professor of law at Stanford Law School. \"Will they have a general effect on the entire market? They could, but no time soon. It could be that a ruling in one of these cases, or more of these cases, could alter the way SPACs disclose, what they disclose and how they disclose it, but that will require a judicial opinion, which is months away.\" \n\n\n  Klausner added that the SEC staff also could be looking much more closely at the projections SPACs or their acquisition targets are making, and say they have to justify the projections, which would constrain them one by one. \"We will see whether they will do that or not,\" he said. \n\n\n  The pattern of a recently created SPAC ETF $(SPAK)$ shows how these stocks have lost their darling status on Wall Street. After peaking in February, the SPAC ETF, created last October and made up of 83 holdings   to premerger status blank check companies like Churchill -- has plunged 30% from its high. SPACs have also become a target of other shortsellers beyond Hindenburg Research. \n\n\n  When it comes to outlandish disclosures, with no fears of retribution, some SPACs may be taking a page from Chamath Palihapitiya, founder and CEO of Social Capital and recently called the \"King of SPACs.\"Palihapitiya said in a YouTube video  that in a traditional IPO, you cannot give forecasts, but because a SPAC is a merger, \"you're all of a sudden allowed to talk about the future.\" \n\n\n  One of Palihapitiya's SPACs, Clover Health $(CLOV)$, was also the subject of a Hindenburg Research repor  and that as a healthcare company, it frequently receives requests from regulators. \n\n\n  Clover has disclosed an SEC investigation, which the company said is due to the Hindenburg report, and the stock is now trading around half of its December high of $16.77. A spokesperson for Clover Health declined to comment. Lucid Motors did not respond to requests for comment. \n\n\n  (MORE TO FOLLOW) Dow Jones Newswires\n\n\n  May 14, 2021 13:45 ET (17:45 GMT)\n\n\n  Copyright (c) 2021 Dow Jones & Company, Inc.","news_type":1,"symbols_score_info":{"CLOV":0.9,"CCIV":0.9,"SPAK":0.9,"DKNG":0.9,"NKLA":0.9,"RIDE":0.9,"SPCE":0.9}},"isVote":1,"tweetType":1,"viewCount":819,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":196022965,"gmtCreate":1621000624457,"gmtModify":1704351793027,"author":{"id":"3574990322495539","authorId":"3574990322495539","name":"sleeepyx","avatar":"https://static.tigerbbs.com/a0a29388673f483856a5e08c30343e21","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574990322495539","idStr":"3574990322495539"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/NLY\">$Annaly Capital Management(NLY)$</a>fuiyoh gogogo!","listText":"<a href=\"https://laohu8.com/S/NLY\">$Annaly Capital Management(NLY)$</a>fuiyoh gogogo!","text":"$Annaly Capital Management(NLY)$fuiyoh gogogo!","images":[{"img":"https://static.tigerbbs.com/510e3092dda933fdf6146e6341ba1a24","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/196022965","isVote":1,"tweetType":1,"viewCount":1133,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":198641204,"gmtCreate":1620957745808,"gmtModify":1704351114576,"author":{"id":"3574990322495539","authorId":"3574990322495539","name":"sleeepyx","avatar":"https://static.tigerbbs.com/a0a29388673f483856a5e08c30343e21","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574990322495539","idStr":"3574990322495539"},"themes":[],"htmlText":"Looking good!","listText":"Looking good!","text":"Looking good!","images":[{"img":"https://static.tigerbbs.com/bce68f4fbcbd7aa909bc628068e94335","width":"1080","height":"3120"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/198641204","isVote":1,"tweetType":1,"viewCount":1059,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"lives":[]}