Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Novo Tellus Capital mulls Singapore SPAC, Virala SPAC seeks to fill gap left by underfunded Finnish PE, and Dragoneer, Altimeter eye raising new funds
Novo Tellus Capital Mulls Joining Singapore SPAC Race
Singapore buyout firm Novo Tellus Capital Partners is considering setting up a SPAC to list in the city-state as regulators prepare to authorize the vehicles in the local market.
The private equity firm, which focuses on technology and industrials, has had preliminary discussions with banks.
READVirala SPAC Seeks to Fill Gap Left by Cash-Strapped PE
Finland’s first SPAC says it plays a unique role in providing especially fast access to capital, given the limited resources private-equity investors have in the Nordic nation.
Virala Acquisition Company Oyj last month raised 107.5 million euros ($127 million) from investors in an IPO in Helsinki, and now has three years to find a mid-cap company to acquire. The company intends to give its target a quick way to fund growth as a public company and avoid having to sell to an industrial buyer, typically foreign, for lack of other options.
READDragoneer, Altimeter Look to New Funds as Unicorns Burgeon
Marc Stad’s Dragoneer Investment Group and Brad Gerstner’s Altimeter Capital Management are each seeking to raise new vehicles focused on backing fast-growing technology companies.
Dragoneer is in talks to raise $2.5 billion and Altimeter has targeted $1 billion for bets on startups. The firms are looking to draw the attention of limited partners such as pension funds, sovereign wealth funds and family offices.
READMalaysia’s AirAsia Aims to Raise $300M Through U.S. Listing of Digital Business
Malaysia’s budget airline AirAsia Group Bhd is considering listing its digital arm via a SPAC in the United States to raise at least $300 million, its chief said on Wednesday.
Group Chief Executive Tony Fernandes told Reuters in an interview that a few SPACs focused on technology have approached the group, and AirAsia has engaged auditors for the deal.
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McKinley Acquisition Corporation (NASDAQ:MKLYU) has filed for a $150 million SPAC to hunt for an innovative target company with an experienced financial team that has dabbled in SPACs before. The new SPAC is offering investors one right to a 1/10 share in each unit with no overfunding of the trust, but it could provide a...
At the SPAC of Dawn The rain of SPACs has continued with four expected to make their debuts during today’s trading sessions after pricing their IPOs overnight. The largest of these, EQV Ventures II (NASDAQ:EVACU), even managed an upsize, making it the largest SPAC IPO since Ares II (NYSE:AACT) pulled together $450 million in 2023....
EQV Ventures II (NASDAQ:EVACU) announced the pricing of its upsized $420 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “EVACU”, Wednesday, July 2, 2025. The new SPAC plans to merge with an energy target involved in upstream exploration or production. EQV II’s management team is led by...
Vendome Acquisition Corporation I (NASDAQ:VNMEU) announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “VNMEU”, Wednesday, July 2, 2025. The new SPAC plans to focus its search on target business in the consumer sector operating in North America, Southeast Asia, and Europe....
Origin Investment Corp. I (NASDAQ:ORIQU) announced the pricing of its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ORIQU”, Wednesday, July 2, 2025. The new SPAC aims to mount a broad search for a target with a strong management and both revenue and earnings growth potential....