Barclays Capital

Volta, which went public in 2021 through a merger with blank-check firm Tortoise Acquisition Corp II, saw its shares rise over 18% to about 86 cents in morning trade.Volta Inc said on Wednesday that a unit of Shell Plc would take over the electric vehicle (EV) charging network operator in an all-cash deal valued at about $169 million.Shell USA Inc will acquire all outstanding shares of Class A common stock of Volta for 86 cents apiece in a deal that is expected to close in the first half of the year, Volta said.Volta,…

Photo: Michael M. Santiago (Getty Images)The Securities and Exchange Commission delivered the lightest of slaps on the wrist to 16 Wall Street financial firms on Tuesday after “widespread and longstanding failures” to preserve employee communications like texts and WhatsApp messages—a clear violation of recordkeeping provisions in the Securities Exchange Act of 1934.The SEC alleges that from January 2018 through September 2021 employees at America’s largest financial firms were routinely using private phones and messaging…