Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: FiscalNote acquires South Korea-based alt data solutions provider Aicel Technologies, Securities and Exchange Board of India waits for further regulatory clarity
FiscalNote Announces Agreement to Acquire South Korea-Based Alternative Data Solutions and Software Leader Aicel Technologies
FiscalNote, a leading AI-driven enterprise SaaS company that delivers legal and regulatory data and insights, announces it has entered into a definitive agreement to acquire Aicel Technologies, a rapidly-expanding, Seoul, Korea-based alternative data company that provides unique alpha-capturing dataset solutions and extracts value and actionable insights to drive business solutions for emerging fintech markets around the world.
On November 8, 2021, FiscalNote and Duddell Street Acquisition Corp. (Nasdaq: DSAC) announced they have entered into a definitive business combination agreement that, upon closing, will result in FiscalNote becoming a publicly listed company with a pro forma market capitalization of approximately $1.3 billion.
READSebi To Wait and ‘Watch’ For Further Regulatory Clarity Around SPAC Policy
Even as the chorus around forming a SPAC policy to help global/domestic listing of new-age tech companies grows, the capital markets regulator, the Securities and Exchange Board of India (Sebi) has ruled out any immediate steps in this regard.
The regulator said there was no pressure now, as many such firms are already being traded on the domestic bourses and also because there is a lot of regulatory clarity needed for such a policy.
READ
With the passage this weekend of $95 billion in funding for Ukraine, Israel and Taiwan by the House of Representatives, some focus has gone back towards the defense sector, which has generally had a good year as a whole. But, SPACs have not been as active in defense, despite the fact that companies in the...
At the SPAC of Dawn As April’s sleepy month for SPAC news continues, there is only one special meeting on the docket to consider a SPAC deal approval, that being today’s vote on Pegasus Digital Mobility‘s (NYSE:PGSS) combination with equipment manufacturer Schmid. Three more SPACs are facing extension votes this week, including Pyrophyte (NYSE:PHYT), whose...
Terms Tracker for the Week Ending April 19, 2024 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. Passover and school spring break starts next week, which most likely means a slowdown in SPAC filing activity. Although Churchill IX is now rumored to...
Despite a week of general pull-backs in the market, fintech firm Ibotta (NYSE:IBTA) nonetheless took the dive and had a good week debuting via a traditional IPO in the choppy waters. The company, which provides app-based consumer cashback discounts on purchases, priced its IPO at $88, above its proposed range of $76 to $84, and...
At the SPAC of Dawn Happy Friday! SPACInsider has unveiled new presets on SPAC Performance accessible via the Data drop-down to easily sort for the highest and lowest performing active SPACs and de-SPACs. On the de-SPAC side, Vertiv (NYSE:VRT) continues to be well ahead of the pack, logging a 710% return by share price adjusted...