Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Traveloka to halt talks with Thiel’s Bridgetown SPAC, Tikehau Capital plans to list SPAC in Singapore, and BlackSky awarded $30 million contract
Traveloka Is Said to Halt Talks With Thiel’s Bridgetown SPAC
Indonesia’s Traveloka has halted talks to go public through a deal with Bridgetown Holdings Ltd. (NASDAQ:BTWN), a blank check-company backed by billionaires Richard Li and Peter Thiel.
The board of directors of the Southeast Asian online travel giant has decided not to pursue a listing via a SPAC now as the enthusiasm in the market has waned. Traveloka will likely explore going public via a traditional IPO in the U.S. instead, Bloomberg said.
READTikehau Capital Joins Race for Singapore’s First SPAC
Investment manager Tikehau Capital SCA is planning to raise as much as S$300 million ($223 million) by listing a SPAC in Singapore, joining firms jostling to take advantage of the city-state’s new listing framework.
The European alternative asset manager is in the advanced stages of its preparations and is in the running to be among the first in Singapore to file for an IPO of a blank-check firm.
Tikehau is seeking to raise between S$250 million and S$300 million in the IPO.
READBlackSky Awarded Five Year $30 Million NGA Contract
BlackSky Holdings, Inc., a leading technology platform providing real-time geospatial intelligence and global monitoring, today announced that it has been awarded a multi-year Indefinite-Delivery/ Indefinite-Quantity (IDIQ) contract by the National Geospatial-Intelligence Agency (“NGA”) to monitor global economic activity. The contract carries a maximum estimated value of $30 million.
Earlier this year, BlackSky announced a planned business combination with Osprey Technology Acquisition Corp. (NYSE:SFTW).
READTantu and Ginkgo Bioworks Announce Partnership to Engineer a Living Biotherapeutic for Gastrointestinal Healing
Tantu, a company engineering living biotherapeutic products to treat gastrointestinal diseases, and Ginkgo Bioworks, which is building the leading horizontal platform for cell programming, today announced a partnership to accelerate the research and development of Tantu’s therapeutic genes.
Ginkgo, which recently announced a business combination with Soaring Eagle Acquisition Corp. (NASDAQ:SRNG), serves customers across industries seeking to develop new and better products using biology.
READPlanet Collaborates with Google Earth to Offer NICFI Tropical Forest Basemaps in Google Earth Engine
Planet, a leading provider of daily data and insights about Earth, today announced a new collaboration with Google Earth to make high-resolution data from Norway’s International Climate and Forests Initiative (NICFI) Satellite Data program available on the Google Earth Engine (GEE) platform.
Insights from Planet’s analysis-ready data combined with the power of Google’s Cloud will enable the entire NICFI community to analyze regional and global tropical forest losses on a scale not possible through traditional means.
Planet recently entered into a definitive merger agreement with dMY Technology Group, Inc. IV (NYSE:DMYQ).
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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...