For anyone who thinks that the world of banking seems like it hasn’t changed very much recently, get ready for some exciting revelations. A significant majority of banking customers are now regularly using online and mobile banking.
One of the most famous voices in the SPAC industry is launching four new SPACs and also making several changes to his existing lineup of SPACs and former SPACs.
What Happened: Chamath Palihapitiya is launching four new SPACs targeting the biotechnology sector. Each SPAC is seeking to raise $200 million and will not contain warrants.
Shares of AMC Entertainment were continuing to surge on Wednesday, and the rally could boost the valuation of three ETFs that count AMC among their largest holdings.