Tortoise Acquisition Corp. II. Bitcoin and ether tumbled on Wednesday to 3-1/2 month lows, on track to post their largest one-day loss since March last year, in the wake of China's move a day ago to ban financial and payment institutions from providing cryptocurrency services. Our information suggests that Tortoise Acquisition Corp. II insiders own under 1% of the company. Given Arko's higher possible upside, analysts clearly believe Arko is more favorable than Tortoise Acquisition Corp. II. Chris Weston, head of research at Pepperstone Group Ltd. in Melbourne, wrote in a note Monday that he was closing a short Bitcoin/long Ether trade as the “dust really needs to settle.”Largest FundThe Grayscale Bitcoin Trust, the largest Bitcoin fund, is sitting on close to a record discount to net asset value. So take a peek at this free free list of interesting companies. Researching institutional ownership is a good way to gauge and filter a stock's expected performance. However, risks for a wider discount include uncertainty over whether U.S. officials will ever allow Bitcoin ETFs.More stories like this are available on bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P. (Bloomberg) -- The European Union’s final bond sales for its regional jobs program failed to live up to the hype of previous editions, a concerning sign for its landmark borrowing spree that’s due to start in the second half of the year.Investors placed 88.7 billion euros ($108 billion) of orders for eight- and 25-year securities tied to the SURE social program, little more than a third of the record set for a dual-tranche issue last year. This page includes all SEC registration details as well as a list of all documents (S-1, Prospectus, Current Reports, 8-K, 10K, Annual Reports) filed by Tortoise Acquisition Corp. II. The same can be achieved by studying analyst sentiments. Alternatively, email editorial-team (at) simplywallst.com. AT&T Is Cutting Its Dividend and Spinning Off WarnerMedia. The general public holds a substantial 59% stake in Tortoise Acquisition II, suggesting it is a fairly popular stock. Annual wage growth ticked a fraction higher to 1.5% in the March quarter in Australia. Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. About Us. They can and probably do influence decisions on executive compensation, dividend policies and proposed business acquisitions. It says users average 92 minutes on the chargers, and that time is spent shopping at partner properties. In connection with the Quarterly Report of Tortoise Acquisition Corp. (the “Company”) on Form 10-Q for the period ended September 30, 2019, as filed with the Securities and Exchange Commission (the “Report”), I, Vincent T. Cubbage, President and Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. Since Tortoise Acquisition II announced its combination with Volta, shares of several charging-network names have dropped anywhere from 17% to almost 40%. That gap could disappear if it converts as planned to an exchange-traded fund. Tortoise Acquisition II is not a large company by global standards. Unemployed last year? For a decade now individual retirement accounts and company 401(k) plans have been booming thanks to the stock market’s giddy rise. Of course, the future is what really matters. For context, the second largest shareholder holds about 3.5% of the shares outstanding, followed by an ownership of 3.1% by the third-largest shareholder. This can be negative in some circumstances. The electric-vehicle market is still just beginning, and related industries like charging networks have much potential growth ahead. 69.1% of Arko shares are held by institutional investors. Commerzbank expects the EU will sell as much as 15 billion euros of bonds. But it's too early to know which network will be most successful, or whether some will ultimately fail. It comes as yields across the region climb as investors prepare for European Central Bank to scale back its bond purchases in the face of growing inflationary pressures. Why Tortoise Acquisition II Stock Dropped 14.1% in March The special purpose acquisition company announced a merger deal in February, leading to a spike in the stock that faded into March. Company’s recent per share price level of $47.92 trading at $0.91 or 1.94% at ring of the bell on the day assigns it a market valuation of $1.4 Billion. EXCLUSIVE: The Walking Dead: World Beyond alumna Alexa Mansour has joined the cast of Apple TV+’s Home Before Dark. Prior to joining The Fool as a contract writer in 2019, Howard worked in the steel business as an engineer for 28 years. For a full description of Tortoise’s warrants, please refer to Tortoise’s final prospectus filed in connection with its initial public offering (“IPO”) on September 15, 2020 (“Final Prospectus”). Get the hottest stocks to trade every day before the market opens 100% free. take a look at this free summary of insider buying and selling. Tortoise Acquisition Corp. II's SEC filings are available publicly on the SEC's website at www.sec.gov. IPO […]. Shares of special purpose acquisition company (SPAC) Tortoise Acquisition II (NYSE:SNPR) are currently trading almost exactly where they started the year. Tortoise Acquisition Corp. II (SNPR) saw downtrend of -0.19% in the recent trading with $10.49 being its most recent. The units are listed on the New York Stock Exchange (the "NYSE") and trade under the ticker symbol "SNPR.U." That’s come amid greater caution about speculative assets as well as the post-pandemic economic recovery. The bloc is ready to start sales for its 800 billion-euro recovery fund by July.It marks a stark turnaround for one of the hottest new triple-A rated bond markets in town. “There will be structural demand for triple AAA paper such as the EU, so the recovery fund issuance will be digested, but we’re not sure demand will be as astronomical.”The Commission announced Monday that it would use an auction system operated by France’s central bank to issue debt later in the year, relying on syndications in the meantime. Large-cap retailers Walmart (NYSE:WMT) and Home Depot (NYSE:HD) reported blowout first quarters, helped by the last round of stimulus checks that put more money in consumers' pockets, while Macy’s (NYSE:M) raised its forecast for annual sales and earnings, betting on pent-up demand as shoppers return to its stores. A special refund from the IRS may be on its way, Why AT&T's stock is getting smashed after mega media deal with Discovery. If compared to the average trading volume of 5.14M shares, SHLL reached a trading volume of 5726598 in the most recent trading day, which is why market … Hyliion Inc.’s common stock is traded on the NYSE under the ticker symbol “HYLN”. Companies that used to be publicly owned tend to have lower insider ownership. We would expect most companies to have some institutions on the register, especially if they are growing. The current weakness has erased over $600 billion.Breaking $40,000Bitcoin tested its 200-day moving average, and its discount to the 120-day average is the biggest since last year, according to Mike McGlone, a commodity strategist at Bloomberg Intelligence in New York. The company’s stock price has collected -3.39% of loss in the last five trading sessions. It has a market capitalization of US$430m, which means it wouldn't have the attention of many institutional investors. “Lower ECB buying may require somewhat higher premiums.”(Updates to include final demand from first paragraph. Volta will receive about $600 million in net proceeds from the deal, helping the company to grow its charging-network business. Get in touch with us directly. Tortoise Acquisition Corp. II (the "Company") today announced the closing of its initial public offering ("IPO") of 34,500,000 units at a price of $10.00 per unit. Notably, sometimes top-level managers are on the board themselves. Under the proposed transaction, shareholders of Tortoise will retain only 17% of the combined company. Tortoise Acquisition Corp. II (“Tortoise”) has previously classified its private placement warrants and public warrants (collectively, the “warrants”) as equity. Here’s How Much Its Stock Might Be Worth. But that has also stalled. Stock Advisor list price is $199 per year. We’re motley! When he isn’t writing, he is usually out for a run, or relaxing to the music of the Grateful Dead. This gives the company additional advertising revenue to boost returns. Volta works with advertisers and owners of retail and shopping center locations to place its chargers, which double as ad platforms with interactive display screens. A good next step might be to take a look at this free summary of insider buying and selling. Tortoise Acquisition Corp. was formed for the purpose of effecting a merger, stock exchange, acquisition, reorganization or similar business combination with one or more businesses. The live event will feature Origin Co-Founder and Co-CEO John Bissell and Co-CEO Rich Riley, as well as Artius CEO Boon Sim. Special purpose acquisition company Tortoise Acquisition Corp. and electric truck company Hyliion will vote on their merger on Sept. 28, meaning … Stock Advisor launched in February of 2002. As you can see, institutional investors have a fair amount of stake in Tortoise Acquisition II. The merger announcement was made on Feb. 8, 2021, which is when the stock peaked at over $17 per share. See our latest analysis for Tortoise Acquisition II. Each unit consists of one Class A ordinary share, par value $0.0001 per share, and one-fourth of one redeemable warrant. Activist investor Bluebell Partners, which owns 25 shares in the defence group, last month proposed launching a liability action against Profumo and seeking damages deriving from the conviction. Insider ownership is positive when it signals leadership are thinking like the true owners of the company. Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer. Digital tokens have also delivered gains so fat that some traders may have been taking profits.The $40,000 mark is a “critical make-or-break pivot level” for Bitcoin and a decline to just below $30,000 isn’t out of the question, Jeffrey Halley, senior market analyst at Oanda, wrote in a note.Here’s a snapshot of the crypto retreat:Market ValueEarly in April, the value of cryptocurrencies breached $2 trillion for the first time, doubling in about two months on optimism institutional investors were increasingly interested. Looking at our data, we can see that the largest shareholder is Magnetar Capital, LLC with 3.9% of shares outstanding. Tortoise Acquisition Corp. [SHLL]: An insightful look at the core fundamentals. This includes the exercise in full by the underwriters of their option to purchase up to an additional 4,500,000 units. Replay US: 1-844-512-2921 International: 1-412-317-6671 Passcode: 13716239 . Our information suggests that Tortoise Acquisition Corp. II insiders own under 1% of the company. Discounted offers are only available to new members. )More stories like this are available on bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P. Crypto markets shift from buy, buy, bitcoin to bye, bye bitcoin, in a nanosecond --- and market technicians say that the digital asset may have more room to fall in the near-term as a monthslong bullish trend unravels. It's therefore worth looking at Tortoise Acquisition II's earnings history below. The securities have also been touted as a one-day rival to U.S. Treasuries, given the current scarcity of German bonds -- the region’s haven asset -- and the risks associated with holding riskier peripheral debt.In another sign of waning demand, the yield on 10-year SURE bonds has climbed more than 40 basis points since they were issued in October. The deal valued the combined company at over $2 billion, and investors jumped in. Tortoise Acquisition Corp. II (NYSE:SNPR) concluded the trading at $10.05 on Friday, May 07 with a fall of -0.1% from its closing price on previous day. AT&T investors are on the run after the company shocked Wall Street by unloading its WarnerMedia division to Discovery. But since then, shares have been on a downtrend to under $11 per share, bringing the valuation of the combined company back close to the level of the transaction, which was based on a $10 per share SPAC price. This implies the analysts working for those institutions have looked at the stock and they like it. Tortoise Acquisition Corp. II (NYSE: SNPR.U) is a blank check company newly incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. Click here now. U.S. Stocks Drop on Crypto Slump, Inflation Worry: Markets Wrap, Small business owners borrowed more against their homes during COVID-19: NY Fed, Soaring Raw Material Cost May Delay a New U.S. Chicken Plant, UPDATE 1-Boeing resumes 737 MAX deliveries following latest issue - source, Boeing resumes 737 MAX deliveries following latest issue - source, Trade Alert: B. Hughes At American Homes 4 Rent (NYSE:AMH), Has Just Spent US$2.0m Buying A Small Number of Shares, Alexa Mansour To Recur In Apple TV+ Drama ‘Home Before Dark’; Krista Warner Joins Cast For Netflix’s ‘The Lincoln Lawyer’, JPMorgan hires UBS banker Novak for activism defense team, EU eyes another go at more unified European business taxation, Dow Futures Up 90 Pts as Walmart, Home Depot Report Blowout Earnings, AUD/USD and NZD/USD Fundamental Daily Forecast – Struggling with Chart Resistance Ahead of Fed Minutes. Tortoise Acquisition Corp. (SHLL) estimates and forecasts. The current price level -42.77% lower than the highest price of $18.33 marked by the stock while trading over the past 52-weeks, whereas it is 10.89% higher than the lowest price of $9.46 the company dropped to over past 52-weeks. Sales are expected to average around 150 billion euros per year for the duration of the program, though all member states need to ratify the recovery program for funds to start flowing.Still, EU bonds will outperform “core” European sovereign peers because investors face a serious shortage of notes in both the short- and long-term, Commerzbank AG analysts wrote in a note to clients last month. (Bloomberg) -- Virtual currencies are retreating so broadly and sharply, it’s testing the durability of the cryptocurrency boom.The value of more than 7,000 tokens tracked by CoinGecko has shrunk more than $600 billion in the past week to $1.9 trillion. AT&T's stock is the biggest loser in the S&P 500 on Tuesday. Retirement investors have never had it so good. Volta says its retail partners also benefit as its chargers attract more highly engaged consumers that spend more time shopping. The big shareholder groups in Tortoise Acquisition Corp. II (NYSE:SNPR) have power over the company. Press Release reported on 02/12/21 that SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of Tortoise Acquisition Corp. II – SNPR But there is also much competition in the charging space, and stocks have declined across the board as investors transferred money toward more reopening and value names. But just like anyone else, they could be wrong. Return on Equity for this stock inclined to 2.03, with Return on Assets sitting at 1.96. Case in point: We've spotted 3 warning signs for Tortoise Acquisition II you should be aware of. IPO Edge will host a fireside chat with Origin Materials, Inc. (“Origin” or “Origin Materials”) and Artius Acquisition Inc. (NASDAQ: AACQ, “Artius”) on Monday, May 24 at 2pm ET to discuss their pending merger. Investor Presentation. This compares to a market capitalization of US$430m. Our analysis of the ownership of the company, below, shows that institutional investors have bought into the company. We aim to bring you long-term focused analysis driven by fundamental data. Announcement. In last trading session, Tortoise Acquisition Corp. (NYSE:SHLL) saw 1,980,277 shares changing hands with its beta currently measuring 0. The warning from China's central bank was posted on its WeChat account, according to analysts and media reports. The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Shareholders in Leonardo rejected a proposal by activist investor Bluebell Partners to launch a liability action against the Italian defence company's CEO, the group said on Wednesday. Bitcoin, the biggest and best-known cryptocurrency, had already been under pressure from a series of tweets from Tesla boss Elon Musk, but the news from China sent it further down, It hit a 3-1/2-month low of $30,066. Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. Any attempt to extend the size of the package is likely to be politically difficult, they argue.The EU mandated Deutsche Bank AG, LBBW, Morgan Stanley, Natixis SA and NatWest Markets for the sale of SURE bonds. Press Release reported on 03/04/21 that Volta Industries Names Global HR Executive Julie Rogers as Chief People Officer. Among the major "altcoins" - as all cryptocurrencies aside from bitcoin are known - some such as ethereum aspire to be the backbone of a future financial system. On February 8 2021, Tortoise Acquisition Corp. II announced it has entered into a definitive business combination agreement with Volta Industries, Inc. Italian 10-year bond yields rose to the highest level since July on Monday as investors speculated an economic growth rebound could mean less central bank support.“The first few EU SURE syndications were a smashing success in terms of demand,” said Martin van Vliet, a strategist at Robeco. Its valuation depends on how much credit investors give the combined WarnerMedia/Discovery for its future streaming efforts. SHLL stock price has been found in the range of $36.72 to $41.6895. The stock was up more than 60% in February after the SPAC announced it has plans to merge with electric charging network company Volta. The Company intends to grant the underwriters a 45-day option to purchase up to 3,750,000 additional units to cover over-allotments, if any. Tortoise Acquisition Corp. II (the "Company") today announced the pricing of its initial public offering ("IPO") of 30,000,000 units at a price of $10.00 per unit. The company management answer to the board and the latter should represent the interests of shareholders. In March, that trend continued, with shares down 14.1% for the month. Our studies suggest that the top 25 shareholders collectively control less than half of the company's shares, meaning that the company's shares are widely disseminated and there is no dominant shareholder. 1 TORTOISE ACQUISITION CORP. II CORPORATE GOVERNANCE GUIDELINES (Adopted as of September 10, 2020) I. Tortoise Acquisition Corp. II operates as a blank check company. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. That mirrors moves elsewhere in Europe, with German 10-year bond yields climbing to their highest level since 2019 last week.Goldman Sachs Group Inc. expects them to breach 0% for the first time since 2019 this year. When the EU launched the securities last year, Europe was still firmly in the throes of lockdowns, the ECB was committed to pumping money into debt markets and investor demand for the securities was enormous. CEO Alessandro Profumo was sentenced last year in the first instance to six years imprisonment for false accounting in his previous role as chairman of Banca Monte dei Paschi di Siena. The Board of Directors A. The European Commission wants to propose in 2023 a more unified way of taxing companies in the European Union, hoping that such rules, which have failed to win support in the past, will stand a better chance if they follow global OECD solutions expected this year. Company Details. The units will be listed on the New York Stock Exchange (the "NYSE") and trade under the ticker symbol "SNPR.U" beginning September 11, 2020. The company’s stock price has collected -0.89% of loss in the last five trading sessions. This may not be consistent with full year annual report figures. Insider & Institutional Ownership . On October 1, 2020, Hyliion Inc. announced it completed its business combination with Tortoise Acquisition Corp. Hyliion Inc. is a leader in electrified powertrain solutions for Class 8 commercial vehicles. 1-888-562-0262 1-604-929-1352 www.viavid.com Volta Industries, Inc. and Tortoise Acquisition Corp. II Business Combination Conference Call, February 8, 2021 C O R P O R A T E P A R T I C I P A N T S Vince Cubbage, Chairman and Chief Executive Officer, Tortoise Acquisition Corp. II Bitcoin's smaller rivals are eroding its share of the $2 trillion digital currency market. For advertisers, the advantage is a last-minute opportunity to engage consumers as they begin to spend. Tortoise Acquisition Corp. II and its directors and officers may be deemed participants in the solicitation of proxies of Tortoise Acquisition Corp. II’s shareholders in connection with the proposed business combination. Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings … Concerned about the content? Investor Conference Call Information. Monday, February 8, 2021 at 8:30 am ET. Transcript. Howard grew up in Philadelphia watching the Philly sports teams struggle for championships. At 7:15 AM ET (1115 GMT), the Dow Futures contract was up 90 points, or 0.3%, S&P 500 Futures traded 11 points, or 0.3%, higher, and Nasdaq 100 Futures climbed 90 points, or 0.7%. Returns as of 05/19/2021. The Commission will present a plan on Tuesday including this proposal and other measures for adjusting the EU's business taxation to make it more up to date with the modern world, where cross-border business, often carried out via the Internet, is commonplace. Investors were reminded of that fact as the sector lost favor, at least temporarily. Number of shares sold short was 1.21 Million shares which calculate 0.22 days to cover the short interests. Tortoise Acquisition Corp. is a newly organized blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. Tortoise Acquisition Corp. II (NYSE:SNPR) went down by -0.89% from its latest closing price compared to the recent 1-year high of $18.33. Tortoise Acquisition Corp. II is primarely in the business of blank checks. For financial reporting, their fiscal year ends on December 31st. The company’s stock price has collected -18.23% of loss in the last five trading sessions. May 24 at 2PM ET: Fireside Chat with Origin Materials to Discuss Merger with Artius Acquisition Inc. U.S. to Increase Covid-19 Vaccine Exports Amid Global Pressure, Crypto Tumble Wipes $600 Billion Off Digital Tokens in a Week, EU’s Prelude to Landmark Recovery Bond Sales Ends With a Whimper, Bitcoin’s 40% crash ‘does feel like capitulation,’ says crypto specialist, but here’s where the next crucial support level stands, Bitcoin, ethereum plunge as sell-off smashes crypto sector, Bitcoin Drops to $36K, Triggering $8B in Liquidations, Leonardo investors reject liability action against CEO, Buyers beware as "altcoin" frenzy bruises bitcoin, Bitcoin tumbles below $40,000 after China issues crypto warning.

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