The Latest SPAC News and Rumors: August 12, 2021
by Marlena Haddad on 2021-08-12 at 11:41am

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News: Tim Hortons China nears $1.8 billion SPAC deal, green fintech startup Aspiration in talks to merge with Interprivate III, and Vietnam’s VNG Corp. considers $3 billion merger


Tim Hortons China Is Said Near $1.8 Billion Deal With SPAC

The joint venture that runs the Chinese locations of iconic Canadian coffee shop chain Tim Hortons is nearing a deal to go public through a merger with blank-check company Silver Crest Acquisition Corp.(NASDAQ:SLCR), Bloomberg said.

A transaction could value the combined entity at about $1.8 billion and an announcement could come as early as this week.

READ

Green Fintech Startup Aspiration Said in Interprivate SPAC Talks

Fintech startup Aspiration is in talks to go public through a merger with Interprivate III Financial Partners Inc. in a transaction that’s slated to value the combined entity at more than $2 billion, according to people with knowledge of the matter.

The vehicle is in talks to raise capital to support the transaction via a PIPE.

READ

GIC-Backed Vietnam Tech Firm Considers $3 Billion SPAC Merger

Vietnam’s VNG Corp., whose investors include a unit of Singaporean sovereign wealth fund GIC Pte, is considering going public in the U.S. through a reverse merger with a blank-check company, according to Bloomberg.

The online gaming and technology firm is working with financial advisers to hold discussions with SPACs for a potential deal and a transaction could value VNG at $2 billion to $3 billion.

READ

China’s Tech Crackdown Thwarts Pony.ai’s U.S. Listing Plans

Autonomous driving startup Pony.ai has put on hold plans to go public in New York through a merger with blank-check firm VectoIQ Acquisition II (NASDAQ:VTIQ) at a $12 billion valuation, after it failed to gain assurances from Beijing that it would not become a target of a crackdown against Chinese technology companies, Reuters said.

The decision makes Pony.ai one of the biggest companies to suspend its U.S. listing plans after China banned ride-sharing giant Didi Global Inc. (NYSE:DIDI) from signing up new users just days after its blockbuster IPO in June.

READ

Bad Tomatoes at SPAC’s Indoor Farm Empire Send Shares Tumbling

AppHarvest Inc.’s (NASDAQ:APPH) early efforts at indoor farming aren’t bearing financial fruit for shareholders of the SPAC that bought the startup in February.

The stock tumbled as much as 40% on Wednesday to as little as $7.20, far below the typical $10 starting point for SPACs after a disappointing second-quarter report. The recent crop at AppHarvest’s first facility in Kentucky was marred by historically low tomato prices, and sales were hurt by lower-than-expected quality, the company said.

READ

 

The Latest SPAC News and Rumors: August 12, 2021
Recent Posts
by Nicholas Alan Clayton on 2025-07-14 at 12:51pm

Cayson Acquisition Corp. (NASDAQ:CAPN) has entered into a definitive agreement to combine with boutique investment firm Mango Financial for $300 million in equity consideration. Hong Kong-based Mango provides a range of M&A and equity capital markets advisory services to clients considering listings in China and the US. The combined company is expected to trade on...

by Nicholas Alan Clayton on 2025-07-14 at 11:13am

Trailblazer (NASDAQ:BLZRU) has filed for a $200 million SPAC to bring a first-time team to market with serial sponsor terms. The new SPAC is offering investors a 1/3 warrant in each unit and it is the first SPAC filed so far this month with 24 months on its initial transaction clock. All other July SPACs...

by Kristi Marvin on 2025-07-14 at 9:19am

This week, we speak with Kyivstar CEO Oleksandr Komarov about the company’s $2.2 billion dollar combination with Cohen Circle Acquisition Corp. I (NASDAQ:CCIR). Few companies have been had to forge themselves in the flames recently quite like Ukraine’s leading telecom and digital services provider Kyivstar. Now, Kyivstar is not only telling that story but pitching it to...

by Nicholas Alan Clayton on 2025-07-14 at 8:30am

At the SPAC of Dawn The market still has one full trading session before it adds Tuesday’s Core CPI reading and a variety of Fed comments to messaging it is already ingesting on US President Donald Trump’s ever-shifting tariff policy. SPACs are meanwhile continuing on with business as usual, with Cayson (NASDAQ:CAPN) announcing the third...

by Kristi Marvin on 2025-07-12 at 10:02am

Terms Tracker for the Week Ending July 11, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. One more IPO priced this week bringing July’s total to 8. However, there are still three more weeks left in the month so that number...

logo

Copyright © 2025 SPACInsider, Inc. All Rights Reserved