Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Car-sharing startup Getaround is in talks to merge with Altitude Acquisition Corp., and investment minister Lord Grimstone says good governance is key to UK SPAC market
Softbank-backed Getaround in SPAC Merger Talks
Good Governance Will Help UK SPAC Market Win Out, Says Investment Minister
There is still hope for the SPAC market in the UK, according to investment minister Lord Grimstone, despite fears that the growth that has materialized in the US will not make its way to London.
“The FCA is seriously looking at SPAC mark two, and we believe governance is one of our strong selling points,” he said. “There was a question on some of the early SPAC transactions in the US on exactly where that stands in terms of governance, but the way the thinking is developing on that there will be SPACs in the UK.”
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Remember the metaverse? Many do not. Meta’s (NASDAQ:META) attempted transition to virtually living and working seemed to mark a trend that went up and down quickly, but one SPAC deal has both survived that roller coaster and may rise with a second. Back in December 2022, Newbury Street (NASDAQ:NBST) announced a $1.85 billion combination with...
At the SPAC of Dawn Tucked into the bill that provides $95 billion in funding to American allies passed by the House this weekend is another measure that is likely to have far more impact on at least one pending deal in SPAC world. It would appear that the timing was fortuitous for TikTok rival...
With the passage this weekend of $95 billion in funding for Ukraine, Israel and Taiwan by the House of Representatives, some focus has gone back towards the defense sector, which has generally had a good year as a whole. But, SPACs have not been as active in defense, despite the fact that companies in the...
At the SPAC of Dawn As April’s sleepy month for SPAC news continues, there is only one special meeting on the docket to consider a SPAC deal approval, that being today’s vote on Pegasus Digital Mobility‘s (NYSE:PGSS) combination with equipment manufacturer Schmid. Three more SPACs are facing extension votes this week, including Pyrophyte (NYSE:PHYT), whose...
Terms Tracker for the Week Ending April 19, 2024 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. Passover and school spring break starts next week, which most likely means a slowdown in SPAC filing activity. Although Churchill IX is now rumored to...