Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Tikehau Capital receives eligibility to list its SPAC on Singapore Exchange
Tikehau Capital Said to Get Nod for SPAC Listing in Singapore
European asset manager Tikehau Capital SCA has received an eligibility-to-list letter from the Singapore exchange for its blank-check company, according to Bloomberg.
The firm, together with partner Financière Agache — the family office of LVMH chairman Bernard Arnault — has incorporated a SPAC called Pegasus Asia. The sponsor group will invest S$62 million ($46 million) in the vehicle and is seeking to raise at least S$150 million in the initial public offering.
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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...