Investing app Acorns cancels its proposed $2.2B SPAC merger announced in May 2021, and says it will instead pivot to a private capital raise (Reuters)

Reuters:
Investing app Acorns cancels its proposed $2.2B SPAC merger announced in May 2021, and says it will instead pivot to a private capital raise  —  (This Jan. 18 story corrects to say pre-money value of $1.5 billion, not $1.6 billion, in paragraph 5.  The story was previously corrected to change attribution in paragraph 4)