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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Terms Tracker for the Week Ending February 28, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. With four new IPOs pricing this week, February closes out with eight total IPOs, matching January’s count. That brings the year-to-date total to 16. Interestingly,...
Republic Digital Acquisition Company (NASDAQ:RDAGU) has filed for a $220 million SPAC to hunt for a target in crypto and blockchain technology. The underwriter will be Cantor, which has priced two IPOs so far this year and has four more on file to IPO including Republic Digital. The count of four “on file to IPO” ...
The crop of 13 SPAC sponsors and target companies coming loose from their lock-up agreements this month are representatives of some counter-narrative trends as the two best performing deals are Latin American companies on the eve of new tariffs and the lowest performers are those from the buzzy world of AI software applications. The deal...
Helix II (NASDAQ:HLXB) has entered into a definitive agreement to combine with cancer drug developer BridgeBio at an enterprise value of $360 million. San Francisco-based BridgeBio is developing a trio of potential treatments specifically targeting the KRAS mutation in some lung, breast, pancreatic, and colon cancers. The combined company is expected to trade on the...
At the SPAC of Dawn On a day that the market takes in more Core PCE inflation readings, SPAC watchers also have the chance to peruse the S-1 of yet another former SPAC target that is trying its luck at the traditional IPO path. Drone and aviation firm AIRO Group has not outlined its proposed...