Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Pico acquires Redline Trading Solutions, Anghami delivers new user experience through partnership with Amazon Alexa, and Novo Tellus gets nod for SPAC listing
Pico Acquires Redline Trading Solutions
Pico, a leading provider of mission critical technology, data and analytic services for the financial markets community, today announced that it has acquired Redline Trading Solutions, a multi award-winning provider of high performance trading and market data software solutions.
On August 4, 2021, Pico announced that it had entered into a definitive agreement for a business combination with FTAC Athena Acquisition Corp. (Nasdaq: FTAA).
READAnghami Delivers a New Interactive Experience Through Partnership With Amazon Alexa
Anghami Inc., the leading music streaming platform and service in the Middle East and North Africa, is now providing users in KSA and UAE a seamless innovative experience by rolling out access to its skills in not only English but also in Arabic language through its partnership with Alexa, Amazon’s smart assistant technology.
On October 14, 2021, Vistas Media Acquisition Company Inc. (NASDAQ:VMAC), a SPAC led by CEO F. Jacob Cherian and co-founders Saurabh Gupta and Abhayanand Singh, and Anghami announced the submission of a Registration Statement on Form F-4 to the U.S. SEC with respect to their proposed business combination.
READSingapore’s Novo Tellus Gets Nod for Local SPAC Listing, Sources Say
Singapore’s Novo Tellus Capital Partners has received permission from the city’s stock exchange to list its blank-check company, according to Bloomberg.
The buyout firm got the eligibility-to-list letter last month for its SPAC. Novo Tellus Acquisition Corp. plans to raise S$150 million ($111 million) to S$200 million from an initial public offering.
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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...
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...