Autonomous trucking software company Embark lost ~98% of its market value, or ~$5B, since going public a year ago via a SPAC merger, amid a sector-wide downturn (Joanna Glasner/Crunchbase News)

Joanna Glasner / Crunchbase News:
Analysis: 14 self-driving vehicle tech companies that went public in the past two years have seen an 80%+ average decline in their post-IPO stock price  —  A few years ago, public market investors sometimes lamented the lack of opportunities to directly invest in future-shaping technologies like autonomous driving.

Joanna Glasner / Crunchbase News:
Analysis: 17 VC-backed Chinese companies that went public on Nasdaq and NYSE in the past 2 years have seen a ~91% average decline in their post-IPO stock price  —  Even before this past week, shares of China-based companies that went public on U.S. exchanges in recent years were performing terribly overall.

Heather Somerville / Wall Street Journal:
Filings: TuSimple co-founder Mo Chen consolidates power, acquiring 59% of the voting stock, as the US investigates the self-driving trucking company  —  Federal authorities continue to investigate entity’s relationship with a Chinese startup tied to co-founder Mo Chen

Niket Nishant / Reuters:
Malaysian payments technology company Super Apps Holdings plans to go public in the US via a SPAC merger at a ~$1.1B valuation, listed on the Nasdaq under TETE  —  Super Apps Holdings will go public in the United States through a merger with a special purpose acquisition company in a deal …

Lizette Chapman / Bloomberg:
Thiel-backed conservative video platform Rumble is up 37% after going public via SPAC merger at a $2.1B valuation, raising $400M  —  Rumble Inc., the conservative video network backed by billionaire Peter Thiel, became a publicly traded company Monday through a deal with a blank-check firm …

Alex Harring / CNBC:
LGBTQ dating app Grindr closed up 213.84% at $36.50 per share in its NYSE debut under the new ticker GRND following its SPAC merger  —  – Grindr surged in trading Friday in its first day under a new ticker following its merger with blank-check company Tiga.