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.
READWilbur 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.
READEx-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.
READRocket 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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Hudson I (NASDAQ:HUDA) has signed a definitive agreement to combine with EV maker Aiways Europe at an equity value of $410 million. Munich, Germany-headquartered Aiways Europe is developing a line of EV SUVs for the European market with support from an affiliate manufacturer in China. The combined company is expected to trade on the Nasdaq...
The clearest theme for the changes to come under the incoming Trump administration is lower taxes domestically and trade barriers abroad. And, the election’s impacts on the investment climate have been broadly favorable to SPACs, but this policy-making direction could have detrimental impacts on SPAC deals themselves. That’s because international targets have made up an...
At the SPAC of Dawn Activity has been picking up in SPACland after a sleepy start to the month, but the biggest news for the this corner of the market is not SPAC-specific. SEC Chair Gary Gensler announced his intention to resign on January 20. His resignation press release touted the $21 billion in penalties...
Deals and Amendments Arogo Capital (OTC:AOGO) has received notice that its merger target Ayurcann Holdings (CSE:AYUR) has terminated their business combination citing a breach on behalf of the SPAC. Ayurcann expects to be paid a $250,000 breakup free from Arogo. News and Rumors PR: Smart TV firm Innovid (NYSE:CTV), which combined with ION 2 in...
At the SPAC of Dawn Wednesday night saw two more SPACs price their IPOs, which means November’s eight listings will now eclipse October’s haul of seven and the five IPOs of September. Amid this accelerating momentum, a new name could soon be seen on a number of new SPACs. EF Hutton rebranded to D. Boral...