![]() According to Fisker’s attorney, no shareholders objected at the hearing since the purpose of the hearing was to restore Fisker and its shareholders to the position they believed they were already in. All the companies seeking relief were taken public through reverse mergers with blank-check companies. Under Delaware General Corporation Law, the court is permitted to rectify legal errors and retroactively correct “defective corporate acts,” which is what Fisker and other companies were seeking relief for. It was reported by 360Law this afternoon that Delaware’s Court of Chancery rectified doubts raised by a vice chancellor’s decision last year and “restored confidence to millions of investors in former blank-check companies, validating over a billion publicly-traded shares.” Vice Chancellor Lori Will ratified share issuances and confirmed charter amendments for several special-purpose acquisition companies (SPACs), including Fisker, Lordstown Motors, ChargePoint and Lucid, during quick bench rulings at hearings in Wilmington. ![]() Fisker had a hearing scheduled for earlier today with the Delaware Court of Chancery to resolve this matter. As we mentioned earlier this month, Fisker was asking the Delaware Court of Chancery to retroactively validate stock issuances related to its blank-check merger that may have been unauthorized due to a legal technicality. Today, Fisker and its shareholders received relief from Delaware’s Court of Chancery surrounding it’s SPAC merger with Spartan Energy Acquisition Corp. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies)Ĭalendars and Economy: 'Actual' numbers are added to the table after economic reports are released.Fisker ringing the NYSE bell virtually the morning of going public in October 2020. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.Ĭryptocurrencies: Cryptocurrency quotes are updated in real-time. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright 2019© Refinitiv. ![]() Data may be intentionally delayed pursuant to supplier requirements. FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. Source: FactSetĭata are provided 'as is' for informational purposes only and are not intended for trading purposes. Change value during other periods is calculated as the difference between the last trade and the most recent settle. Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last trade and the prior day's settle. Sources: FactSet, Tullett PrebonĬommodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. Sources: FactSet, Tullett PrebonĬurrencies: Currency quotes are updated in real-time. Sources: FactSet, Dow Jonesīonds: Bond quotes are updated in real-time. ![]() Sources: FactSet, Dow JonesĮTF Movers: Includes ETFs & ETNs with volume of at least 50,000. Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. Overview page represent trading in all U.S. Indexes: Index quotes may be real-time or delayed as per exchange requirements refer to time stamps for information on any delays. Copyright 2019© FactSet Research Systems Inc. ![]() Fundamental company data and analyst estimates provided by FactSet. International stock quotes are delayed as per exchange requirements. stock quotes reflect trades reported through Nasdaq only comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. ![]()
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