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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Cantor Equity Partners I, Inc. (NASDAQ:CEPO) has filed for a $200 million IPO with near identical terms to its sister SPAC Cantor Equity Partners, Cantor Equity Partners (NASDAQ:CEP), giving the team a second vehicle in the mix with terms designed to be particularly attractive to targets. It would be the fourth SPAC to IPO in...
This week, we speak with Betsy Cohen and Maxwell Smeal from the Cohen Circle Acquisition Corp. I team to get their views on the current SPAC landscape. Betsy Cohen is already a well-known figure in SPAC circles for having previously led the Fintech Acquisition and FTAC SPACs. Betsy and Max discuss the past, present and...
At the SPAC of Dawn The first full week of November is expected to be action-packed as SPAC shareholders will be turning in scores of ballots of their own amid the US election week. The next five days are to play host to 10 extension meetings and a pair of completion votes by Atlantic Coastal...
Terms Tracker for the Week Ending November 1, 2024 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. Once again, the past week was all about new issuance while the DeSPAC announcements remain quiet. To kick off November, two SPACs priced IPOs to...
October continued the recent trend of SPAC teams seeking additional extensions beyond their first one, as they work on closing their combinations with the remaining funds after redemptions. Meanwhile, new SPACs are launching IPOs and beginning their search processes, signaling a shift in the market. Extension Votes In October, there were 13 scheduled extension votes....