Is the SPAC back? | TechCrunch
Kodiak Robotics made a financial step that was omnipresent in 2021. Yup, the self-driving truck startup is planning to become public by a merger with Ares Acquisition Corporation II, a special target acquisition company. It is a daring bet in a market where Spacs have lost their shine and the autonomous vehicle space has countless shutdowns, including Bark and Tusimple.
Today, on the Equity podcast from WAN, Kirsten Korosec, Max Zeff and Anthony HA is organizing the news of the week, including the possible return of the Spac in an uncertain IPO market. It is a curious moment for a public debut in general, as Kirsten indicates, especially after so much chatter that 2025 would be the big comeback year for blockbuster IPOs; Some important players such as Klarna and Stubhub have already reached a break. And as investor Mark Goldberg put it at this week’s show, people this year holds their breath for a fintech golf: “turn blue in the face.”
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Equity will be back next week, so keep an eye on it!
Equity is the flagship podcast from WAN, produced by Theresa Loconsolo, and report every Wednesday and Friday.
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