83-year-old baseball card company Topps is going public
CNN
Sports trading cards are super popular thanks to the craze over non-fungible tokens, or NFTs. That's one reason why Topps, the company synonymous with baseball cards and bubble gum, is looking to go public again.
Topps announced Tuesday plans to merge with a special purpose acquisition company, or SPAC, in a deal that values Topps at $1.3 billion. The company will combine with a blank check firm named Mudrick Capital Acquisition Corporation II, (MUDS) or MUDS. Shares of MUDS popped more than 15% on the news. The transaction also includes a so-called private investment in public equity (or PIPE) of $250 million.
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Florida Gov. Ron DeSantis said Wednesday he plans to call a special session in April for the Republican-dominated legislature to draw new congressional districts, joining the redistricting arms race.
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The fate of hundreds of thousands of Venezuelan migrants in the United States remains in limbo after the capture of Venezuelan President Nicolas Maduro.