Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Singapore sees more US-listed Chinese firms coming to its shores, Packable begins liquidating and announces job cuts, and Gel Blaster to use Nogin’s SmartShip program
Singapore Sees More US-Listed Chinese Firms Coming to Its Shores
Singapore Exchange Ltd. sees more listings in coming months by Chinese issuers that already trade American depository receipts, even as it grapples with delayed deals amid a global valuation slump.
Following Nio Inc.’s technical listing in May, investors can expect others will follow suit, Chief Executive Officer Loh Boon Chye said in an interview. If market conditions are supportive for the rest of the exchange’s fiscal year through June, “there would be fund-raising, but if they are not as conducive, it will be a technical secondary listing,” he added.
Potential SPACs are waiting to see mergers conducted by the first wave of blank-check companies in Singapore to see how the process unfolds, Loh said.
READTop Amazon seller Packable begins liquidating and announces job cuts after failed SPAC attempt
About a year ago, online retailer Packable was preparing to go public through a special purpose acquisition company. With the SPAC market having evaporated and the economy now sputtering, Packable is laying off staff and preparing to liquidate, according to internal documents reviewed by CNBC.
Packable is the parent company of Pharmapacks, an online seller of health, personal care and beauty products. Pharmapacks was founded in 2010 as a single brick-and-mortar pharmacy in the Bronx, New York, before it turned to the internet and established a big home on Amazon.
Highland Transcend Partners I Corp. (NYSE:HTPA) mutually terminated its combination with ecommerce service provider Packable on March 25, 2022.
READGel Blaster to Use Nogin’s SmartShip Program
Gel Blaster, the exclusive provider of advanced backyard battle blasters with clean-up technology, has upgraded its online store fulfillment with the SmartShip program delivered by Nogin (NASDAQ:NOGN), a leading provider of innovative Commerce-as-a-Service (“CaaS”) technology.
Software Acquisition Group III recently announced that its shareholders approved its combination with software firm Nogin at a special meeting held on August 22.
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D. Boral ARC Acquisition II Corp. (NASDAQ:ARBCU) has filed for a $250 million SPAC to give underwriter D. Boral a second in-house SPAC to pursue deals with. The new SPAC offers investors a 1/2 warrant and an initial 18-month time frame to complete a deal. D. Boral II’s sponsor may automatically extend this once by...
Ribbon (NASDAQ:RIBB) has entered into a definitive agreement to combine with Japanese biotech firm DRC Medicine at a pro forma equity value of $422 million. Tokyo-based DRC Medicine manufactures reusable anti-bacterial and anti-allergen wearables and aims to go deeper into the medical device and pharmaceutical space. Transaction Overview Ribbon is expected to provide $50.4 million...
In June 2025, the SPAC market was marked by a notable rise in meeting delays, with adjournments and postponements playing a central role in extension activity, as sponsors navigated a more cautious market environment. Still, several SPACs secured shareholder approvals, and seven business combinations were completed during the month. At the same time, IPO issuance...
An In-Depth Look at SPAC Activity Through the Second Quarter & First Half 2025 Below is a summary of the first half of 2025 SPAC market. If you’d like a pdf copy, you can access the link HERE. Q2 kicked off in chaos. President Trump’s shifting and often contradictory tariff announcements sent markets reeling, driving...
At the SPAC of Dawn The market is set to be showered with new SPACs today as three more SPACs priced their IPOs overnight, bringing 2025’s total to 66, already surpassing the full-year total of 2024. After hours, Ribbon (NASDAQ:RIBB) also added a new SPAC deal to June’s tally just under the wire, bringing the...