From Breakingviews - SPACs’ long shadows
– are facing a whole bucket of challenges, from federal investigations to supply chain hiccups.
Though EVs should be a huge growth area, one set to receive government support, these companies’ rocky starts mean shares have done little better than those of any other SPAC tie-ups. Across the group, shares are down between about 40% and 80% this year. Like with any journey with a rocky start, the EV-SPAC crew looks set to have a longer trip than anticipated.
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Nikola (NKLA) founder Trevor Milton set to begin fraud trial on Monday - Phoenix Business JournalTrevor Milton, the founder and former executive chairman at Nikola, is headed for the courtroom to face four separate counts brought by federal prosecutors. Milton was originally charged with civil and criminal fraud last year and federal officials added another count against him earlier this year.
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Nikola founder's securities-fraud trial set to start this weekFederal prosecutors in Manhattan last year accused Trevor Milton of running a scheme to enrich himself and boost his stature as an entrepreneur by falsely hyping Nikola’s prospects and duping nonprofessional investors.
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Nikola Founder Faces Securities-Fraud Trial Over Promises About Electric TrucksTrevor Milton faces trial beginning this week on allegations that he lied about his electric-vehicle company’s development of environmentally friendly technology
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Fashion Week | Prabal Gurung puts a loving spotlight on the world’s misfits | amNewYorkPrabal Gurung sent his New York Fashion Week models down a long, stark runway wearing an explosion of sheers and colors as an ode to the misfits of the world who are 'often watched and monitored, scrutinized but unseen.'
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London Looks to Un-Meme the SPAC MarketWill SPACs survive the excesses of 2021 as a useful fund-raising tool, or just another chapter in the history of regulatory arbitrage? London’s surprisingly robust market helps provide an answer.
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Teacher shortages are real, but not for the reason you heardEverywhere, it seems, the return to school has been shadowed by worries of a teacher shortage
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