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.
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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...