Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Singapore’s Carousell is considering a U.S. listing via SPAC, Asian investors remain hot on SPACs, and NYSE’s President calls for transparency
Singapore’s Carousell Explores U.S. Listing Via SPAC
Singapore’s online marketplace operator Carousell Pte is considering a U.S. listing via a merger with a blank-check company, according to Bloomberg.
The startup is working with an adviser on the potential transaction that could value the company at as much as $1.5 billion.
READAsian Investors And Targets Remain Hot On SPACs, As Fundraising By Blank Check Companies Cool
Asian investors and target companies in the region remain keen on SPACs, with more than a dozen blank check companies with ties to Asia seeking to go public in the United States in the past two months alone.
The fundraising push by Asian sponsors comes even as fatigue is setting in among some institutional investors and the US SEC raised questions in April about the accounting for stock warrants common to most SPAC deals, effectively pouring cold water on what has been one of the hottest fundraising trends in the past two years.
NYSE’s Cunningham Sees Heightened Scrutiny of SPACs on Horizon
New York Stock Exchange President Stacey Cunningham said SPACs can expect increased regulation and calls for transparency amid heightened scrutiny from the U.S. Securities and Exchange Commission.
“It makes a lot of sense for the SEC to look at whether or not there are additional protections and additional disclosures that might be appropriate in this market,” Cunningham said in a Bloomberg Television interview. “It’s going to be really important that SPACs are providing information and transparency into how they’re structured so investors have that visibility.”
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At the SPAC of Dawn During a week in which rare earth mining and space de-SPACs have seen major gains, another blast from the past is making serious waves in the market. EV battery developer QuantumScape (NYSE:QS) rose to a 52-week high of $13.79 yesterday and is cruising even higher in the pre-market. The company...
Cantor Equity Partners I (NASDAQ:CEPO) has entered into a definitive agreement to combine with Bitcoin Standard Treasury in a transaction that is worth about $4.8 billion. Bitcoin Standard Treasury aims to bring in capital from a number of equity instruments to build up one of the largest US-listed Bitcoin treasuries. The combined company is expected...
At the SPAC of Dawn Several de-SPACs have made market-moving announcements recently and they haven’t forgotten to cash in on them. Fresh off of announcing $500 million strategic investment and partnership with Apple (NASDAQ:AAPL), rare earth miner MP Materials (NYSE:MP) has followed that up with a $500 million public offering, netting the company a cool...
Pyrophyte Acquisition Corp. II (NYSE:PAII.U) announced the pricing of its $175 million IPO and its units are expected to begin trading on the NYSE under the symbol “PAII.U”, Thursday, July 17, 2025. The new SPAC plans to focus its search on companies within the energy sector that constitute critical links in the supply chain of the...
At the SPAC of Dawn Rare earth miner MP Materials (NYSE:MP) was one of the early winners of the 2020 SPAC boom, having picked up momentum following its 2020 deal with Fortress Value. But, the company’s news that it will become a major supplier of battery materials for Apple’s empire of electronic devices has sent...