Leading LGBTQ+ dating app Grindr (NYSE:GRND) +27.3% announced that it would go public via a SPAC merger with Tiga Acquisition Corp (NYSE:TINV) in a deal valuing the company at $2.1 billion. Grindr is the leading platform focused on the LGBTQ+ community for digital connection and engagement.
PaxMedica, Inc., +39.03% a clinical stage biopharmaceutical company, focuses on the development of anti-purinergic drug therapies (APT) for the treatment of disorders with intractable neurologic symptoms. An announcement that the Company has entered into a purchase agreement and registration rights agreement with Lincoln Park Capital Fund, LLC.
Farfetch Ltd (NYSE:FTCH) was down 17.52% is a British-Portuguese online luxury fashion retail platform that sells products from over 700 boutiques and brands from around the world. The company was founded in 2007 by the Portuguese entrepreneur José Neves with its headquarters in London and main branches in Lisbon and Porto.
GoHealth Inc (NASDAQ: GOCO) DOWN 17.47% a leading health insurance marketplace and Medicare-focused digital health company, their mission is to improve access to healthcare in America. GoHealth went back to basics with a clear focus on the fundamentals of the business they are making meaningful progress on the transformation through their strategic initiatives and diversification. This has materially changed the dynamics of cash flow for the business.
WHAT ELSE HAPPENED?
The Gross Domestic Product (GDP) of the United States registered modest growth during the third quarter of 2022, per latest figures by the US government, even as consumer spending slowed due to soaring inflation. The latest numbers add to fears of a looming recession but are also encouraging with regards to claims by top economic experts that the US economy might avoid a full-blown crisis despite rising rates and slowed growth. The Fed has indicated it will continue to hike rates till inflation is brought under control.
GET IN ON THE ACTION
If you are interested in opening a trading account with CSB and getting in on the winners, enquire with one of our friendly Banking officers or get started online by setting up an account today.