Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Vingroup surges as EV unit merges with Black Spade and ThinkMarkets to go public through SPAC deal in Canada
Vingroup Surges as EV Unit Seeks US Listing Via SPAC Deal
Shares of Vingroup JSC jumped after announcing its electric vehicle maker unit will list in the US by merging with a blank-check company at an equity value of about $23 billion.
Vingroup rose as much as 6.2% Monday in Ho Chi Minh, the biggest gain since April 3. The stock contributed the most to Vietnam’s benchmark VN Index, which climbed as much as 0.9% to outperform most gauges in Asia.
The merger with Black Spade Acquisition Co.(NYSE:BSAQ), a Hong Kong-based firm, is expected to close in the second half of the year.
READThinkMarkets to go public through a SPAC deal in Canada
ThinkMarkets, a brokerage firm headquartered in Australia and operated by Think Financial Group Holdings Limited, is set to go public on the Toronto Stock Exchange through a merger deal with blank check company, FG Acquisition Corp.
ThinkMarkets specializes in providing retail trading services and has expanded its institutional presence through a liquidity provisioning platform launched in 2021.
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Terms Tracker for the Week Ending February 14, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. It was another active week in the SPAC market, with four new SPACs filing to IPO and three new IPOs pricing—all of which managed to...
At the SPAC of Dawn Lost in the daily assault of A.I. company news are all of the “other” companies that were created in the past decade or so. The normies. These venture-backed companies that achieved unicorn status during the boom years of 2020 and 2021 have been sidelined and much has been discussed about...
Quantum computing has been one of the hottest investment topics in the past two months and three of the leading listed companies in the space are de-SPACs. But, how close is quantum computing to generating real value and what capabilities are still years away? This week, we speak with Alan Baratz, CEO of D–Wave (NYSE:QBTS), which...
At the SPAC of Dawn The sudden burst of SPAC activity this week slowed down after the closing bell yesterday as the market faces a period sandwiched between CPI and PPI readouts. Yesterday’s CPI news and Fed Chair Jerome Powell’s comments before Congress did not provide an instant relief in terms of clarity on a...
Maywood Acquisition Corp. (NASDAQ:MAYAU) announced the pricing of its $75 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “MAYAU”, Thursday, February 13, 2025. Maywood will have a broad search focus and will pursue an initial business combination in any industry or geographic location. The team is led...