Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Singapore Exchange considers lowering market cap requirements for SPACs, and Aurora releases tool to gauge safety of self-driving systems
Singapore Exchange Mulls Lower Market Cap Requirement for SPAC Listings
SGX (Singapore Exchange) is reportedly considering lowering the minimum market cap requirement for SPACs seeking to list in Singapore.
An SGX spokesperson said it has received more feedback from the SPACs consultation than any other previously, and is “working very hard” to publish the results as soon as possible.
READAurora Releases Tool to Gauge Safety of Self-Driving Systems
Aurora, the Silicon Valley self-driving startup founded by former Tesla, Uber and Google executives, has released what it says is the industry’s first tool for evaluating whether and when autonomous trucks and cars are safe to deploy on public roads without a human behind the wheel.
The release of the safety tool, which provides a methodology and metrics for gauging progress from development to deployment, comes days after the U.S. National Highway Traffic Safety Administration opened an investigation of Tesla’s Autopilot driving assistance feature following a series of crashes involving Tesla models and emergency vehicles.
Aurora entered into a definitive agreement to combine with Reinvent Y (NASDAQ:RTPY) on July 15.
READ
Trajectory Alpha Acquisition Corp. (NYSE:TCOA) announced this afternoon that it has entered into a purchase and contribution agreement with its sponsor and J. Streicher Holdings, LLC. As a result, the SPAC will undergo a change in management. As part of the agreement, J. Streicher will pay $250,000 to Trajectory Alpha and $1.00 to the sponsor. In return,...
Latest SPAC Liquidations: Sound Point I, Bullpen Parlay, and Zimmer Energy Transition Sound Point Acquisition Corp I (SPCM) to Liquidate on June 4 Sound Point Acquisition Corp I, Ltd (NASDAQ: SPCM) announced today that it intends to liquidate and dissolve, effective as of June 4, 2023, and will redeem all of the outstanding Class A...
Latest Non-Redemption Agreements: GSR II Meteora Acquisition Corp. GSR II Meteora Acquisition Corporation (GSRM) Adds Non-Redemption Agreement On May 31, 2023, GSR II Meteora Acquisition Corp., (NASDAQ:GSRM), entered into certain non-redemption agreements with certain third parties in connection with the special meeting of stockholders. Pursuant to such Non-Redemption Agreements, each Non-Redeeming Stockholder agreed that it will...
Athena Technology Acquisition Corp. II (NYSE:ATEK) announced this afternoon that it is postponing its extension vote scheduled for June 12 until June 13. Shareholders at the special meeting are to vote on a proposal to allow Athena Technology II to extend its transaction deadline on a monthly basis up to nine times from June 14,...
Clover Leaf Capital Corp. (NASDAQ: CLOE) has entered into a definitive agreement to combine with Digital Ally, Inc.’s (NASDAQ: DGLY) ticketing platform Kustom Entertainment at a pro forma equity value of approximately $222.2 million. Kansas City, Kansas-based Kustom Entertainment is a primary and secondary ticket platform that manages wholly-owned subsidiaries TicketSmarter and Kustom 440. Transaction Overview Clover...