Articles Tagged withspecial purpose acquisition companies

SSEK Law Firm Investigates Claims of Investor Losses Involving Grab Holdings, Ltd.

Published on:April 19, 2022 | byShepherd Smith Edwards & Kantas, LLP

Investors Involved in Biggest SPAC Merger File Class Action Securities Lawsuit

Shepherd Smith Edwards和Kantas（Investorlawyers.com的SSBOB体育EK律师事务所）正在研究Grab Holdings，Ltd。（NASDAQ：GRAB）的投资者损失的要求。该公司于2021年12月1日通过最大的公共实体Special Purpose Acquisition Company (SPAC)merger to date with Altimeter Growth Corp. The latter is a blank-check firm run by Altimeter Capital CEO and founder Brad Gerstner.

Grab Holdings, the largest ride-hailing, and delivery company in Southeast Asia has experienced the opposite of growth. Its shares plunged over 20% from $13.06/share to $8.75 at the end of the first day of trading. On March 3, 2022, Grab announced that fourth-quarter revenues saw a 44% drop from the third quarter. That’s a $1.1B loss.

Why SPACs Can Be A Poor Investment Choice For Retail Investors

Published on:March 15, 2021 | byShepherd Smith Edwards & Kantas, LLP

Special Purpose Acquisition Companies Can Lead To Losses, High Fees

If you are an investor whose broker recommended that you invest in a special purpose acquisition company (SPAC) and you have suffered losses on your investment, you should contact our investment fraud attorneys at Shepherd Smith Edwards and Kantas (SSEK Law Firm at investorlawyers.com).

SPACs grew even more popular in 2020 in the wake of COVID-19. Although they can be profitable for those who start one, they’ve also proven to be risky and can result in losses for investors.Contact SSEK Law Firmtoday to request your free, no-obligation consultation.