Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Temasek-backed Vertex gets approval to list SPAC in Singapore; Colin Kaepernick’s SPAC deal collapses
Temasek-Backed Vertex Wins Nod for SPAC Listing in Singapore
Temasek Holdings Pte-backed Vertex Venture Holdings Ltd. has become the first blank-check company sponsor in Singapore to receive an eligibility-to-list letter from the local exchange.
The firm has incorporated a company called Vertex Technology Acquisition Corporation Ltd. in the Cayman Islands as a SPAC, according to a filing to the Singapore Exchange on Dec. 24. The listing is subject to certain conditions as well as the broader market environment.
READColin Kaepernick SPAC Deal Collapses
Colin Kaepernick balked at requests from Change Co. executives that he sit for an appearance with George Stephanopoulos on “Good Morning America” and declined to participate in interviews as part of the company’s rollout, according to the Wall Street Journal.
The deal is now dead, people familiar with the issue said.
A spokesman for Mr. Kaepernick’s Mission Advancement Corp. (NYSE:MACC) said that the company operates “with the highest ethical standards” and will “continue our work while we look for a great fit to merge with in 2022.”
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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...
Blue Ocean (NASDAQ:BOCN) provided significantly more texture today in the presentation for its $275 million combination with Asian digital media group TNL Mediagene, which it expects to hit profitability in the second half of the year despite a slight shakeup in financing for the transaction. The first big update in the first investor deck is...
At the SPAC of Dawn A brand new market may have just opened up for space de-SPACs as NASA administrator Bill Nelson announced a shift in the agency’s $11 billion program for a mission to return samples from Mars. Rather than rely on the agency’s internal technologies that would be predicted to get a sample...
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...