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In March 2021, General Dynamics was awarded a $2.4 billion contract option to build a 10th Virginia-class submarine in collaboration with Newport News Shipbuilding. Photo by Ashley Cowan/Newport News Shipbuilding
Feb 27, 2022

Thinking big

At Virginia’s largest publicly traded companies, the past year has been a constant exercise in challenging the status quo. Some major changes could be seen at the consumer level, as Dollar Tree Inc. raised its namesake base price point to $1.25, and Capital One Financial Corp. eliminated overdraft fees for its banking customers. And the […]

BlackSky CEO Brian E. O’Toole (center) and other company executives celebrate their company’s Sept. 10 initial public offering by ringing the opening bell at the New York Stock Exchange a few days later. Photo courtesy BlackSky Technology Inc.
Oct 28, 2021

SPAC-ulative finance

One of the hottest investment tools in the past year and a half has imploded. But don’t give up on special purpose acquisition companies, or SPACs as these peculiar financial structures are called, industry experts say. Also called blank-check companies, SPACs are here to stay, but not necessarily at the high-flying levels of 2020 and […]

Mar 2, 2021

San Francisco space data firm to merge with Reston SPAC to go public

San Francisco-based space-based data and analytics firm Spire Global Inc. announced Monday it will merge with Reston-based special purpose acquisition company NavSight Holdings Inc. to become a public company. Financial terms of the transaction were not disclosed, but it values the combined company at $1.6 billion and is expected to produce $475 million in gross […]

Mar 2, 2021

Tysons analytics firm Qomplx plans to go public

Tysons-based risk analytics firm Qomplx Inc. announced Monday its plan to go public through a merger agreement with Tailwind Acquisition Corp., a special purpose acquisition company backed by Philip Krim, co-founder and CEO of online mattress retailer Casper Sleep Inc.  The deal values Qomplx, which will be listed on the New York Stock Exchange under […]

Feb 18, 2021

Herndon satellite company BlackSky to go public

Herndon- and Seattle-based global monitoring company BlackSky announced Thursday it will go public following its acquisition by Osprey Technology Acquisition Corp., a transaction that values the combined company at $1.1 billion. Under the transaction, the special purpose acquisition corporation will merge with the Herndon company. BlackSky’s shareholders will own 62% of common shares of the [...]

Nov 19, 2020

Telos Corp. goes public with $254M IPO

Ashburn-based cybersecurity federal contractor Telos Corp. announced Thursday it plans to raise $254 million in an initial public offering. The $14.9 million shares of common stock at a price of $17 per share are listed on the Nasdaq under the ticker symbol TLS — and were up by 12% on Thursday afternoon. The offering is […]

Nov 3, 2020

Reston telemedicine company goes public

Reston-based telemedicine technology provider SOC Telemed on Monday opened at $10 per share on the Nasdaq stock exchange. The company announced its public offering on Friday following its merger with Healthcare Merger Corp. (HCMC), a special purpose acquisition company. Merger transaction details were not disclosed. “Today marks an important milestone for SOC Telemed in our […]

Oct 22, 2020

CarLotz plans to go public on Nasdaq

Chesterfield County-based CarLotz Inc., a consignment dealer of used cars, announced Thursday it plans to go public and expand nationwide.  CarLotz, which is valued at $827 million, will combine with Miami-based Acamar Partners Acquisition Corp., a publicly traded special purpose acquisition company, to make it a public company. At closing, the company name will remain […]

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