Electric bus and battery maker Proterra Inc. begins its life as a publicly-traded company Wednesday, ringing the bell on the Nasdaq as it collects a $640 million payout from its special purpose acquisition company (SPAC) sponsor.
Nikola Corp. (NASDAQ: NKLA) will sell up to $300 million in new shares to investment banker Tumim Stone Capital, bypassing a public offering for new money to keep electric truck and hydrogen fueling station production on track.
The top two executives at Lordstown Motors Corp. (NASDAQ: RIDE) are out following an internal investigation that found some truth to short-seller Hindenburg Research's allegations of phony preorders for the company's planned commercial electric pickup trucks.
Thrasio, a start-up company that rolls up Amazon.com, Inc. (NASDAQ: AMZN) marketplace brands, is in talks to go public through a merger with the blank check company Churchill Capital V Corp (NYSE: CCV),
Shippo, an e-commerce shipping platform, has announced it has raised $50 million in new funding led by Bessemer Venture Partners. The company has raised a total of $154.3 million since 2014.
This round has pushed Shippo to unicorn status, now valued at $1 billion.
The world of business is constantly evolving, especially when macroeconomic factors and unexpected events take place. 2020 has provided just that, giving companies a chance to pivot, innovate, and do what they can to adapt and continue thriving.
Startup insurance company Ethos has altered the way life insurance is offered and applied.
Not only does the company have the ability to process applications in minutes, Ethos offers term life insurance ranging between 10 and 30 years.