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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A look at Plus’ software-first approach to autonomous trucking. After years of investment and excitement, the dawn of self-driving cars and trucks is now here. The question now is which business model among autonomous driving technology companies will win out? This week, we speak with David Liu, CEO of autonomous trucking company Plus. Plus announced...
At the SPAC of Dawn One thing that SPAC investors can typically count on while their money is invested in a SPAC’s trust is that it is going to grow one way or the other between now and their next redemption opportunity, but the devil can occasionally be in the details. In 2024, it became...
Thunderstone has filed for a $50 million SPAC to put a new first-time Asia-based team in action on a generalist hunt. The new SPAC is offering investors a right to a 1/8 share in each unit with 18 months to initially complete a business combination. It is the 8th fresh S-1 filed with underwriter D....
At the SPAC of Dawn In a trading session that may find itself built around the release of Fed minutes at 2 pm ET this afternoon, a pair of SPAC targets have added their own fresh information to the mix. Enterprise AI firm Fusemachines, which has a pending combination with CSLM (OTC:CSLMF), put out a...
Globa Terra Acquisition Corporation (NASDAQ:GTERU) announced the pricing of its $152 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “GTERU”, Wednesday, July 9, 2025. The new SPAC plans to mount a search for a target in the agriculture, agtech or biotech sectors with an emphasis on water...