Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: VinaCapital weighs Singapore SPAC IPO and Grab slumps more than 20%
Vietnam’s VinaCapital Weighing Singapore SPAC IPO Next Year
VinaCapital, a Vietnamese asset manager, is exploring setting up a blank-check company to list in Singapore next year.
The investment firm is working with an adviser on a potential IPO that could raise as much as S$250 million ($183 million). The company has held discussions with the regulator on the prospective offering.
READSoutheast Asia’s Grab Slumps in U.S. Debut After Record SPAC Deal
Shares in Grab (NASDAQ:GRAB), Southeast Asia’s biggest ride-hailing and delivery firm, slid more than 20% in their Nasdaq debut on Thursday following the company’s record $40 billion merger with a blank-check company.
Grab’s shares rose as much as 21% minutes after the listing before retreating to trade 23% lower at $8.51. The stock closed at $8.75 yesterday.
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Overall deal flow between SPACs and biotech firms has slowed over the last year, but some pending FDA changes could breathe new life into particular business models within the space. In particular, the FDA has asked Congress as part of its 2025 Legislative Proposals to eliminate the interchangeability designation for biosimilar medications, claiming the existing...
At the SPAC of Dawn Ever since Digital World announced its combination with Trump Media (NASDAQ:DJT) back in October 2021, it was clear that SPACworld and the Trump show were set to be intertwined for quite some time. And, although not every headline has a bearing on the wider SPAC world, Trump Media’s post-close rise...
AltC (NYSE:ALCC) has reportedly been taking the pitch deck for its combination with nuclear fission firm Oklo on the road in recent weeks, which has generated the rare result of a SPAC trading significantly above its trust value still well before completing its deal. The SPAC has an estimated $10.59 per share in its trust...
Trump Media (NASDAQ:DJT) is down about -15% in the pre-market following the filing of its first S-1 since closing its combination with Digital World, and this includes the issuance of the 21,491,251 shares. Of these, 14,375,000 are to be made available for those exercising warrants while the rest would go out to note holders from...
At the SPAC of Dawn This week, bookended by the end of Ramadan and the beginning of Passover, could wind up stacked with events to avoid those holiday times, but for now SPACs have scheduled just six extension votes for this stretch. Redwood (NASDAQ:RWOD) and Genesis Growth Tech (OTC:GGAAF) have yet to release results from...