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.
READ
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...
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: UK SPAC Ashington Innovation announces it will IPO on London Stock Exchange and Cheche Technology releases new business intelligence platform UK SPAC eyes £1.8m IPO in London UK SPAC Ashington Innovation has announced today...
Seaport Global II (NASDAQ:SGII) has entered into a definitive agreement to combine with American Battery Materials (OTC Pink:BLTH) at an enterprise value of $225 million. The Greenwich, Connecticut-based is developing potential lithium and cobalt-mining sites in Utah. The combined company is expected to be up-listed to the Nasdaq once the deal is completed in the...
Blue Ocean (NASDAQ:OTEC) announced this morning that it is pushing its extension vote scheduled for 11 am ET today to 2 pm ET, June 6. Shareholders at the special meeting are to vote on a proposal to allow Blue Ocean to automatically extend its transaction deadline up to 12 times in one-month increments from June...
Latest SPAC Liquidations: JAWS Hurricane JAWS Hurricane Acquisition Corporation (HCNE) to Liquidate on June 16 JAWS Hurricane Acquisition Corporation (Nasdaq: HCNE) today announced that its board of directors has determined not to proceed with a proposal to extend its corporate existence. As such, the Board has determined to cancel the special meeting of its stockholders,...