SVF Investment Corp
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Company profile

SVF Investment Corp is a blank check company. The Company is formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company has not identified any business combination. The Company intends to identify, acquire and manage a business in a technology-enabled sector but are not limited to, mobile communications technology, artificial intelligence, robotics, cloud technologies, software broadly, computational biology and other data-driven business models, semiconductors and other hardware, transportation technologies, consumer Internet and financial technology.

Closing Price
$9.80
Day's Change
0.03 (0.31%)
Bid
--
Ask
--
B/A Size
--
Day's High
9.80
Day's Low
9.76
Volume
(Light)
Volume:
60,623

10-day average volume:
365,105
60,623

Globalstar's stock takes a dive after Apple didn't say its new iPhone supports satellite communications

3:05 pm ET September 14, 2021 (MarketWatch)
Print

Shares of Globalstar Inc. (GSAT) took an afternoon dive Tuesday, as investors expressed disappointment that Apple Inc. (AAPL) did not say its new iPhone 13s would support satellite communications. The mobile satellite services company's stock sank 19.4%, after being down 5.3% just before the start of Apple's iPhone 13 launch event. The stock had rocketed 64.3% on Aug. 30, after the reports surfaced that Apple would work with Globalstar as it added satellite communications to its next iPhone. The stock had climbed another 14.5% from Aug. 30 to the five-year closing high of $2.69 on Sept. 8, before pulling back. The stock has still rocketed 442.9% year to date, while the S&P 500 has advanced 18.3%.

-Tomi Kilgore

	

(END) Dow Jones Newswires

September 14, 2021 15:05 ET (19:05 GMT)

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