All posts tagged: Hindenburg

Hindenburg Research, a short seller that targeted tech and EV companies, is closing up shop

Hindenburg Research, a short seller that targeted tech and EV companies, is closing up shop

When Hindenburg Research posts a blog on its website, it often means a company’s final days are near. Today, that company is Hindenburg Research. Nate Anderson announced Wednesday he has shut down short-selling firm Hindenburg Research after a seven-year run issuing damning reports about high-profile companies, including many of the technology world’s giants and buzzy startups. “As I’ve shared with family, friends and our team since late last year, I have made the decision to disband Hindenburg Research,” Anderson wrote in a blog post. “The plan has been to wind up after we finished the pipeline of ideas we were working on. And as of the last Ponzi cases we just completed and are sharing with regulators, that day is today.” Hindenburg’s reports gained a reputation over the years for their prescient investigations and thorough research into overlooked and ignored corners of public markets. In many instances, the firm’s reports predated SEC investigations, criminal indictments, and massive stock drops around the companies it targets. Anderson said there’s no specific reason for disbanding Hindenburg today. He …

The Hindenburg Disaster: Oh, the Humanity!

The Hindenburg Disaster: Oh, the Humanity!

  Although the airplane had been invented in 1903 and saw rapid adoption by the world’s militaries during World War I, air travel was far from luxurious during the 1930s. However, a class of luxurious lighter-than-air craft known as zeppelins captured the world’s attention: they were quiet, relatively stable, and gave passengers a far more stately way to travel. As the world struggled out of the Great Depression, would fleets of zeppelins become the new wave of air travel? Tragically, a single disaster on May 6, 1937 doomed this method of transportation. Filled with flammable hydrogen, the luxurious Hindenburg airship caught fire and was quickly ablaze as it attempted to dock over Manchester Township, New Jersey.   Setting the Stage: Infancy of Commercial Air Travel A photograph of an early passenger airplane circa 1920. Source: Royal Aeronautical Society   World War I showed that airplanes were highly versatile, and they were quickly put into use to carry both passengers and cargo after the war. Post-WWI airplanes delivered the mail and were popular in barnstorming shows, …

AI SPAC iLearningEngines Plunges 55% After Hindenburg Alleges “Artificial Partners And Artificial Revenue”

AI SPAC iLearningEngines Plunges 55% After Hindenburg Alleges “Artificial Partners And Artificial Revenue”

Shares of SPAC iLearningEngines, Inc. are down more than 50% heading into the cash open after short seller Hindenburg Research alleged that the artificial intelligence company has “artificial partners and artificial revenue”. In the short seller’s second report this week, following its piece on Super Micro Computer, the firm headed by Nathan Anderson said that iLearningEngines “was borderline insolvent when it merged with a desperate SPAC sponsor that was quickly running out of time to get a deal done.” The report focuses on an unnamed “Technology Partner” crucial to AILE’s business, stating “nearly all of company’s revenue and expenses (~96% of revenue and ~100% of CoGs in 2022) seem to be run through an undisclosed related party, an unnamed ‘Technology Partner’.” The company then told the SEC the technology partner was not a related party in a comment letter, Hindenburg says. It alleges that it “unmasked” the partner to be a related party…one which, at one point, shared a listed address with AILE’s CEO’s home residence.  Hindenburg writes: The American contact for “Technology Partner” Experion was listed …

India’s Adani wins top court relief on further probe over Hindenburg report | Business and Economy News

India’s Adani wins top court relief on further probe over Hindenburg report | Business and Economy News

Indian agency was probing the group after Hindenburg Research last year alleged the improper use of tax havens and stock manipulation. India’s Supreme Court says the Adani Group does not need to face more investigations beyond the current scrutiny of the market regulator, a major relief for the conglomerate hit hard by a United States-based shortseller’s allegations of wrongdoing. The Securities and Exchange Board of India (SEBI) has been probing the Adani Group, led by billionaire Gautam Adani, after Hindenburg Research in January 2023 alleged the improper use of tax havens and stock manipulation by the group. The Adani Group denied the allegations, but Hindenburg’s report still chopped $150bn off its stock market value. Though some investor confidence returned in recent months as Adani won the backing of bankers and investors, the Hindenburg report and the regulatory scrutiny have weighed on the group’s business dealings and reputation. The Supreme Court, which was ruling on cases brought by public interest litigants seeking a special investigation team to probe the matter, on Wednesday said “the facts of …