Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Financial firms race to list first SPAC in Hong Kong and Medikabazaar targets unicorn status in 2022
Financial Firms’ Race to List First SPAC in Hong Kong Heats Up As HKEX Decision Nears
Financial firms are busy working with wealthy clients to be among the first to list SPACs in the city in anticipation of Hong Kong Exchanges and Clearing (HKEX) giving its approval to blank-check companies, according to South China Morning Post.
HKEX chief executive Nicholas Aguzin on Wednesday said a decision on SPACs will be made soon after the 45-day consultation period ends on Sunday, hinting that the first listing could happen shortly.
Singapore Exchange allowed SPACs to list from September 3, just one day after the bourse announced it had concluded the consultation on the subject
The Next Unicorn in India May Be CDC-Backed Startup Medikabazaar
Medikabazaar, an online platform selling medical supplies and equipment to some of India’s biggest hospital chains, aims to hit a $1 billion valuation within the next three to six months as it taps into an e-commerce funding boom in the country.
The parent company Boston Ivy Healthcare Solutions Pvt. expects to reach unicorn status by the end of its next round of series-D financing for about $150 to $200 million, according to Chief Executive Officer Vivek Tiwari. In three years the firm may publicly list in India or in the U.S. through a SPAC, he added.
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A look at Plus’ software-first approach to autonomous trucking. After years of investment and excitement, the dawn of self-driving cars and trucks is now here. The question now is which business model among autonomous driving technology companies will win out? This week, we speak with David Liu, CEO of autonomous trucking company Plus. Plus announced...
At the SPAC of Dawn One thing that SPAC investors can typically count on while their money is invested in a SPAC’s trust is that it is going to grow one way or the other between now and their next redemption opportunity, but the devil can occasionally be in the details. In 2024, it became...
Thunderstone has filed for a $50 million SPAC to put a new first-time Asia-based team in action on a generalist hunt. The new SPAC is offering investors a right to a 1/8 share in each unit with 18 months to initially complete a business combination. It is the 8th fresh S-1 filed with underwriter D....
At the SPAC of Dawn In a trading session that may find itself built around the release of Fed minutes at 2 pm ET this afternoon, a pair of SPAC targets have added their own fresh information to the mix. Enterprise AI firm Fusemachines, which has a pending combination with CSLM (OTC:CSLMF), put out a...
Globa Terra Acquisition Corporation (NASDAQ:GTERU) announced the pricing of its $152 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “GTERU”, Wednesday, July 9, 2025. The new SPAC plans to mount a search for a target in the agriculture, agtech or biotech sectors with an emphasis on water...