Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Audit committees urged to keep tabs on SPAC reporting, and Singapore’s Grab forms alliance with rivals to shape gig workers law
Audit Committees Urged to Keep Tabs on SPAC Reporting, Turnover
The US audit regulator, the Public Company Accounting Oversight Board, released on Wednesday a list of questions and topics that corporate boards should consider reviewing with their auditor. The topics cover cybersecurity risks, auditors’ use of technology, and fraud risks.
Singapore Delivery Rivals Form Alliance to Shape Gig Workers Law
Singapore’s biggest mobile apps have set aside their rivalry to form an unlikely partnership, hoping to strengthen their influence with the local government as it considers laws that could transform the gig economy.
Grab Holdings Ltd. (NASDAQ:GRAB), Delivery Hero SE’s Foodpanda and Deliveroo Plc, three usually fierce rivals in meal delivery, have created the Digital Platforms Industry Association, they said in a statement on Thursday. They are joining up formally for the first time to help shape guidelines that protect the health and safety of delivery workers.
Altimeter Growth Corp. secured shareholder approval of its combination with Asian ride-hailing service Grab in a special meeting held in November 2021.
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Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: Circle spokesperson denies blaming SEC for failed deal, BuzzFeed CEO says AI-powered content will be part of core business, and FaZe Clan faces possible delisting Circle Spokesperson Denies Blaming SEC for Failed $9 Billion Deal...
Health Sciences 2 (NASDAQ:HSAQ) announced that it closed its combination with Orchestra BioMed on January 26. HSAQ ahead of its vote pre-announced redemption figures of 1,597,888 shares equating to 67.7% redemptions, however, that’s still subject to change. However, today it was noted that Orchestra BioMed is to receive $70 million in gross proceeds including $20...
Carbon capture technology has long been talked about, and it is finally in operation with LanzaTech among the pioneers. Its plants are turning potential emissions into clothing, household goods and sustainable fuels. SPAC cash is now also an accelerant in this new process as the company announced a $1.7 billion combination with AMCI II last March. This week, we caught up with...
In this series we’ll be examining successful SPAC deals from the past both in the terms and circumstances of their de-SPAC processes and how they have weathered the storms that have followed after their public listings with research from SPACInsider contributor Anthony Sozzi. Thirty months does not sound like that long, but it’s been a...
Seaport Calibre Materials Acquisition Corp. (Nasdaq: SCMA) announced this afternoon that it is pushing today’s special meeting back until January 31. The SPAC is currently facing a completion deadline of February 1, but is looking to extend its timeline by an additional six months to August 1. Stockholders may elect to redeem their shares for a pro rata...