Last month, nanostructured steel manufacturer MMFX Technologies announced that it's temporarily shutting down its Welland steel mill in Ontario, Canada and laying off 27 employees. With the construction and automotive industries struggling, U.S. steel mills are operating at only 40% to 45% capacity ...
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News Commentary | December 15, 2020
On December 10, Desktop Metal merged with special purpose acquisition company Trine Acquisition Corp. and began trading on the New York Stock Exchange. It received $580 million in the process, including $280 million in equity investment, bringing its total equity investment to date to more than $710... Not part of subscription
News Commentary | March 02, 2021
This SPAC deal, which values Markforged at $2.1 billion, puts the company on the same level as Desktop Metal again. The latter filed an IPO via SPAC in December last year, valued at $2.5 billion. As we recently wrote, 2020 witnessed a SPAC craze, which apparently has continued into 2021. While there... Not part of subscription
News Commentary | March 10, 2022
MobilEye completed the first step of the IPO process by submitting a draft registration statement to the SEC. Details such as the timing of the IPO, the number of shares, and the price range have not yet been determined. In December 2021, Intel had announced its intent to take MobilEye public and ... Not part of subscription