Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Singapore’s first wave of SPACs said to move ahead with filing plan, Grab makes strong debut following SPAC deal, and BuzzFeed union workers plan walk out in protest on day of vote
Singapore’s First Wave SPACs Said to Move Ahead With Filing Plan
Vertex Holdings Ltd., a unit of Singapore state investor Temasek Holdings Pte, and European asset manager Tikehau Capital are preparing to lodge preliminary prospectuses for blank-check company listings in the city-state as soon as next week, according to Bloomberg.
Singapore buyout firm Novo Tellus Capital Partners is also set to file key documents for an IPO of a SPAC on the Singapore Exchange. The three firms are all working with advisers on the prospectuses, which could pave the way for their respective listings as soon as the end of this year.
READSoutheast Asia’s Grab Makes Strong U.S. Debut After Record SPAC Deal
Grab (NASDAQ:GRAB), Southeast Asia’s biggest ride-hailing and delivery firm, made a strong U.S. debut on Thursday following its record $40 billion merger with a Altimeter Growth.
Grab’s shares rose as much as 21% in opening trades before retreating to trade little changed at $10.99.
READBuzzFeed News Union Workers Walk Out in Protest on Day of SPAC Vote
Members of the BuzzFeed News Union staged a walkout on Thursday following nearly two years of contract negotiations, a move that comes the same day of a procedural vote on whether to take the company public through a deal with a blank-check company.
BuzzFeed initially announced its combination with 890 5th Avenue (NASDAQ:ENFAU) earlier this year on June 24.
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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: SMX to create new subsidiary, trueSilver, and enters into exclusive agreement with Sunshine Minting SMX Extending Metals Business with trueSilver Aiming Both for Fashion Luxury and Bullion Products SMX (NASDAQ:SMX) is pleased to announce...
Rice II (NYSE: RONI) announced in an 8-K today that its shareholders have approved its combination with energy technology company NET Power with relatively low redemptions. In the end, 21,195,224 shares were redeemed in connection vote, removing 61% of Rice II’s trust. This is the second best result among the 32 deals that have come...
Trajectory Alpha (NYSE:TCOA) announced in an 8-K this morning that it has opted to postpone its June 8 extension vote to June 12 at 10 am ET. The SPAC will use this extra time to engage with shareholders at work to reverse redemption decisions. Trajectory Alpha’s team may still be getting acquainted with some major...
Tracking SPACs and all of their various types of “corporate actions” can be challenging. After all, a SPAC can postpone, adjourn, extend, complete, liquidate early, do a tender offer, and in some cases, one SPAC do all of those actions within its lifespan. Naturally, this can be challenging to manage. More importantly, it can very...
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: Byju skips payment on dollar loan and HNR affirms intent to purchase equity interests of Pogo Resources High-Flying Indian Startup Byju’s Skips Payment on Dollar Loan One of India’s best-known startups has skipped payment...