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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At the SPAC of Dawn There are signs that the macro environment for SPACs is gradually improving, but the Screaming Eagle team yesterday announced a non-redemption agreement for its combination with Lionsgate Studios. Such agreements are generally a lever one pulls when a SPAC expects a potentially turbulent closing. All in all, the terms for...
Israeli tech firms have made up an outsized proportion of SPAC activity and despite the ongoing tensions in its region, that dealmaking is continuing unabated. In fact, the SPAC named for the particular mission of taking Israeli firms public through SPACs, Israel Acquisition Corp. (NASDAQ:ISRL) in fact just took one step closer in completing that...
At the SPAC of Dawn Although the market has largely recovered from a negative stretch last week, the roller coaster is tilted back downward for Trump Media (NASDAQ:DJT), which slid -8% yesterday to $32.57 – one of its lowest points since closing with Digital World last month. Other SPACs and de-SPACs are having a more...
Remember the metaverse? Many do not. Meta’s (NASDAQ:META) attempted transition to virtually living and working seemed to mark a trend that went up and down quickly, but one SPAC deal has both survived that roller coaster and may rise with a second. Back in December 2022, Newbury Street (NASDAQ:NBST) announced a $1.85 billion combination with...
At the SPAC of Dawn Tucked into the bill that provides $95 billion in funding to American allies passed by the House this weekend is another measure that is likely to have far more impact on at least one pending deal in SPAC world. It would appear that the timing was fortuitous for TikTok rival...