Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Internet entrepreneur Patrick Grove mulls Singapore SPAC, Hong Kong plans to curb access for retail investors, and SEC advisory group endorses tougher SPAC disclosure rules
Entrepreneur Patrick Grove Considering a Singapore SPAC
Internet entrepreneur Patrick Grove is weighing listing a SPAC in Singapore, joining the race to be the first to sponsor blank-check vehicles under the new rules unveiled by the city-state last week.
The chairman of Catcha Group, an internet-focused investment company in Southeast Asia, has had discussions with Singapore Exchange Ltd. about a potential listing. The Australian businessman already took his blank-check firm named Catcha Investment Corp. (NYSE:CHAA) public in the U.S. earlier this year, raising $300 million.
READHong Kong Plans to Limit Retail Investor Access to SPACs
Hong Kong plans to curb access for retail investors to buy and trade SPACs as regulators in the city prepare to roll out a framework this month.
The city will propose to only allow what it deems as professional investors with assets of more than HK$8 million ($1 million) to participate in both the primary and secondary market of SPACs.
READTougher SPAC Disclosure Rules Endorsed by SEC Advisory Group
A group of executives and academics that advises the U.S. Securities and Exchange Commission wants better SPAC disclosures.
The recommendations from the SEC’s investor advisory committee will likely help agency staff as they craft new regulations for SPACs, which have drawn bipartisan criticism from lawmakers after attracting a record $80 billion last year.
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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...
Despite a week of general pull-backs in the market, fintech firm Ibotta (NYSE:IBTA) nonetheless took the dive and had a good week debuting via a traditional IPO in the choppy waters. The company, which provides app-based consumer cashback discounts on purchases, priced its IPO at $88, above its proposed range of $76 to $84, and...
At the SPAC of Dawn Happy Friday! SPACInsider has unveiled new presets on SPAC Performance accessible via the Data drop-down to easily sort for the highest and lowest performing active SPACs and de-SPACs. On the de-SPAC side, Vertiv (NYSE:VRT) continues to be well ahead of the pack, logging a 710% return by share price adjusted...
AGBA (NASDAQ:AGBA) stock is up over +90% this morning following a +211% premarket spike on news it has signed a definitive agreement to combine with social streaming video platform Triller. AGBA, the company itself, was formed by the $555 million combination between a SPAC of the same name and TAG Companies, a financial services firm...
At the SPAC of Dawn Since closing its combination with DHC last month, AI customer engagement firm BEN (NASDAQ:BNAI) has rolled out new partnerships with call center and healthcare clients. And, while it faces a fair bit of competition in the chatbot realm, several high-profile institutions have demonstrated that creating one that provides useful services...