Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: New listing rules could bring more SPACs to Hong Kong Exchange; Virgin Orbit invests in startups as it wraps up SPAC merger
Surprise New Rules Could Bring More SPACs to Hong Kong Exchange
The city’s exchange on Dec. 17 unveiled its rule book for SPACs to take place in the Asian financial hub, while keeping a strict regime to safeguard investors. The new rules could provide a much needed bump after a significant slowdown in IPOs here in the second half of the year amid a crackdown in China and increased market turmoil.
Until now, Hong Kong had struggled attract to SPAC listings as it had arguably taken the most careful approach among major exchanges.
READVirgin Orbit Investing in Startups As SPAC Merger Wraps Up
As Virgin Orbit prepares to complete its merger with NextGen Acquisition Corp. II (NASDAQ:NGCA), the launch provider has announced a series of partnerships and investments to diversify its business.
Among the announcements was a $30 million Series B investment by Virgin Orbit into Polish company SatRevolution Dec. 14, valuing that company at $150 million. SatRevolution is developing a smallsat constellation of imaging satellites and has launched some of its satellites on Virgin Orbit’s LauncherOne.
Virgin Orbit announced Dec. 15 it is taking a 17.5% stake in Hypersat, a Virginia-based geospatial analytics company developing a constellation of hyperspectral imaging satellites that will be launched by Virgin Orbit.
On Dec. 21, Virgin Orbit said it was taking an equity stake into Horizon Technologies, a British company developing satellites for maritime domain awareness.
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Terms Tracker for the Week Ending June 27, 2025 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. June continued its late-month rally with another five SPAC IPOs pricing this week, bringing the monthly total to 10 and the 2025 year-to-date count to...
Blueport (NASDAQ:BPACU) has filed for a $69 million SPAC that would bring another first-time sponsor team to market. The new SPAC is offering investors a right to a 1/6 share in each unit and it will have 15 months to complete a business combination. It is underwritten by Alliance Global Partners and will not be...
At the SPAC of Dawn The markets appear to poised to continue a rosy week with futures in the green in anticipation of PCE inflation readings. Space is one of the sectors feeling the most love recently and launch services firm Rocket Lab (NASDAQ:RKLB) is keeping up the momentum, scheduling two launches within 48 hours...
FIGX Acquisition Corp. (NASDAQ:FIGXU) announced the pricing of its $131 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “FIGXU”, Friday, June 27, 2025. The new SPAC aims to seek out a financial services target with a particular focus on wealth and asset managers with the potential to...
Yorkville Acquisition Corp. (NASDAQ:YORKU) announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “YORKU”, Friday, June 27, 2025. The new SPAC plans to combine with a target company in the telecom, media or technology sectors. Yorkville Acquisition Corp.’s management team is led...