The Latest SPAC News and Rumors: August 11, 2021
by Marlena Haddad on 2021-08-11 at 11:29am

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News: Voya looks to acquire Alight, Wilbur Ross’s SPAC in talks to merge with GaN Systems, and Ex-L Catterton Asia Chief Thakran explores Singapore SPAC


Voya Explores a Potential Deal for Newly Public Alight

Voya Financial Inc. has been exploring a potential acquisition of Alight Inc., just a month after the benefits administrator went public through a SPAC, according to Bloomberg.

Voya, a New York-based retirement fund manager, has recently studied a purchase of Las Vegas-based Alight. It isn’t clear whether the companies are in active talks, and there’s no guarantee that any deal will be reached.

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Wilbur Ross’s SPAC Is in Talks to Merge With GaN Systems

GaN Systems, which specializes in gallium-nitride technology for products such as semiconductors and transistors, is in talks to go public through Wilbur Ross’s Ross Acquisition Corp. II, according to Bloomberg.

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Ex-L Catterton Asia Chief Thakran Said to Explore Singapore SPAC

Turmeric Capital, an investment firm led by former L Catterton Asia head Ravi Thakran, is exploring listing a SPAC in Singapore.

The Singapore-based buyout firm is working with an adviser on the potential SPAC IPO. The blank-check firm could raise about S$300 million ($221 million) and Thakran will be its chairman and CEO.

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Rocket Lab Inks Deal With Varda Space Industries to Supply Multiple Photon Spacecraft for Space Manufacturing Missions

Leading launch and space systems company Rocket Lab today announced it has signed a deal with in-space manufacturing company Varda Space Industries to produce three Photon spacecraft that will integrate with their space factories, enabling high-value products to be manufactured in zero-gravity and returned to Earth in Varda’s re-entry capsule.

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