Polestar (PSNY) shares traded up following its DeSPAC, the IPO market remains incredibly slow, and the rest of the day’s news in SPACs.
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Activism, Governance, & Executive Moves
Weekly Executive & Director Moves (June 24)
DocuSign (DOCU) CEO Dan Springer resigns amidst slowdown, and Red Robin (RRGB) CEO sets the stage for transition in this week’s exec moves.
GGPI & Polestar Vote Finally Arrives as the Stock Spikes
GGPI shareholders go to vote on the latest EV SPAC deal. Warrant prices remain at their lows with no end in site. Plus the days’s biggest movers.
Weekly Executive & Director Moves (June 17)
FedEx (FDX) appoints new directors in conjunction with D.E. Shaw, and cbdMD (YBCD) CEO, accused of fraud, resigns.
Can Redfin Find Its Way to Profitability?
Redfin CEO Glenn Kelman says the real estate brokerage will post an operating profit this year. Headcount reductions are a good start, but there’s still plenty of work to do to stabilize troubling iBuying trends.
Governance Alert: FedEx
FedEx (FDX) is making some shareholder-friendly moves, including an over 50% dividend hike, adding two independent directors, and a TSR-based executive compensation metric. We applaud the changes, but now the real work begins. Can a new CEO and refreshed board improve margins?
SPAC Analysis
SPAC Market Review – January 2023
It was a slower month to kick off the year for SPACs. In what stands to be a pivotal year for the future of the market, we recap January.
Boardroom Alpha Digest: Wed, Feb 1
Fedex Corp. (FDX) announced it would be laying off ~10% of its corporate workforce and Ryan McInerney officially takes over at Visa (V).
Boardroom Alpha Digest: Wed, Jan 25
Campbell Soup (CPB) announces a new CFO, DeSPACs are back in action and the rest of the Boardroom Alpha digest.
Boardroom Alpha Digest: Mon, Jan 23
Activist investor has taken a multi-billion dollar position in Salesforce Inc. (CRM) and the rest of today’s digest.
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