Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Singapore’s first wave of SPACs said to move ahead with filing plan, Grab makes strong debut following SPAC deal, and BuzzFeed union workers plan walk out in protest on day of vote
Singapore’s First Wave SPACs Said to Move Ahead With Filing Plan
Vertex Holdings Ltd., a unit of Singapore state investor Temasek Holdings Pte, and European asset manager Tikehau Capital are preparing to lodge preliminary prospectuses for blank-check company listings in the city-state as soon as next week, according to Bloomberg.
Singapore buyout firm Novo Tellus Capital Partners is also set to file key documents for an IPO of a SPAC on the Singapore Exchange. The three firms are all working with advisers on the prospectuses, which could pave the way for their respective listings as soon as the end of this year.
READSoutheast Asia’s Grab Makes Strong U.S. Debut After Record SPAC Deal
Grab (NASDAQ:GRAB), Southeast Asia’s biggest ride-hailing and delivery firm, made a strong U.S. debut on Thursday following its record $40 billion merger with a Altimeter Growth.
Grab’s shares rose as much as 21% in opening trades before retreating to trade little changed at $10.99.
READBuzzFeed News Union Workers Walk Out in Protest on Day of SPAC Vote
Members of the BuzzFeed News Union staged a walkout on Thursday following nearly two years of contract negotiations, a move that comes the same day of a procedural vote on whether to take the company public through a deal with a blank-check company.
BuzzFeed initially announced its combination with 890 5th Avenue (NASDAQ:ENFAU) earlier this year on June 24.
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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...
CO2 Energy Transition Corp. (NASDAQ:NOEMU) announced the pricing of its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “NOEMU”, Thursday, November 21, 2024. The new SPAC intends to combine with a target company that is focused on reducing emissions through the generation of renewable energy or...
Dynamix Corporation (NASDAQ:DYNXU) announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “DYNXU”, Thursday, November 21, 2024. The new SPAC intends to focus its search on companies that are within the energy transition, oil and gas, and power sectors. Dynamix Corporation is...
At the SPAC of Dawn One more shoe has dropped as the President-Elect Donald Trump works to staff his incoming administration and set priorities as he has appointed Cantor Fitzgerald CEO Howard Lutnick to lead the Department of Commerce. This ends speculation about where the head of 2024’s leading SPAC underwriter would land. The question...
At the SPAC of Dawn Although the drought of new SPAC transactions is approaching one full month, that hasn’t stopped the dealmaking between de-SPACs themselves. Trump Media (NASDAQ:DJT) is reportedly in advanced talks to buy crypto and digital asset marketplace and 2021 de-SPAC Bakkt (NYSE:BKKT) in an all-stock deal, according to FT. The former target...