German grocery delivery startup Flink is reportedly receiving another 100 million euros ($106.7 million) from investors to extend its runway and try to outlast its competitors. The startup is also in discussions with rival food delivery companies about a potential merger, Bloomberg reported Wednesday (April 17), citing unnamed sources. Flink did not immediately reply to PYMNTS’ request
Shake Smart CEO Kevin Gelfand will remain at the helm.| Photo: Shutterstock. The private-equity firm NewSpring has invested in the smoothie concept Shake Smart, the firm said Thursday. The investment comes through NewSpring Franchise, which is dedicated to franchise and multi-concept brands. The firm did not disclose whether it took a majority stake in Shake
Published: Jan. 25, 2024 at 5:19 p.m. ET By Sabela Ojea Northern Star Investment is liquidating its trust account after failing to consummate an initial business combination by its deadline, but it intends to continue operating. The blank check company on Thursday said it will allow shareholders to continue to retain their shares so they
Spirit Airlines came out fighting Friday as it looked to reassure investors with improved guidance and steps it has taken to shore up liquidity. The company also said it was assessing options to refinance 2025 debt maturities, which credit ratings agency Fitch described as a “significant refinancing risk” earlier this week. Shares of Spirit Airlines