Tag Archives: SPAC

Better shares plunge more than 90% in Nasdaq debut

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In addition to going public at a bad time for mortgage lenders, Barron’s reports that a SPAC merger resulted in a huge increase in the number of shares outstanding. Continue reading →

After setbacks, Better goes public with plan to scale ‘greater heights’

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Following six merger adjustments over two years, Better will go public Thursday with $565 million in new funding and plans to “aggressively” partner with agents as it builds its mortgage production team. Continue reading →

‘Substantial doubt’ that WeWork can stay afloat, company says

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By WeWork’s own admission, it is unlikely to last as a company much longer. In order to survive, an earnings report said it would need to reduce lease costs and other expenses, increase revenue and find a source of additional capital through debt or eq… Continue reading →

Doma hopes to keep its place on NYSE with reverse stock split

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Shares in digital title and closing provider climb above $5, and the company will stay listed if its share price remains above $1 for the next 30 trading days. Continue reading →

Offerpad executes 1-for-15 reverse stock split to head off delisting

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The pioneering iBuyer hopes to bring its share price back above the New York Stock Exchange’s $1 minimum threshold. Continue reading →

Fredrik Eklund’s REAL Messenger to go public via Nova Vision SPAC

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The transaction will have a pre-money enterprise value of approximate $150 million at closing, according to an announcement Tuesday. The deal is expected to close in the third quarter of 2023. Continue reading →

Doma announces more layoffs as cumulative losses top $300M

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Layoffs of 561 workers are expected to generate $70 million in annual cost savings, buying time for digital title insurer to adapt its “instant underwriting” technology for purchase loans. Continue reading →

Offerpad stays profitable for second quarter in a row

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The iBuyer earned about $41 million in profit during the first three months of 2022, beating the results of its also-profitable run at the end of 2021, according to an Q1 earnings call on Wednesday. Continue reading →

Why are proptech companies flailing on the stock market?

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At Inman CEO Connect on Tuesday, First American Chief Innovation Officer Paul Hurst broke down what’s going on with the stock market and why SPAC mergers are so popular. Continue reading →

7 practical ways real estate’s biggest innovators are capitalizing on NFTs

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Non-fungible tokens are all the rage in the financial industry right now, and are making their way into real estate in new and surprising ways. Trendsetters shared a few ideas with Inman. Continue reading →