Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Vertex set to be first SPAC to list in Singapore; Delaware Chancery Court opens door to liability for SPACs
Temasek-Backed Vertex Set to Be First SPAC to List in Singapore
Delaware Chancery Court Opens Door to Liability for SPAC Sponsors
Delaware’s Chancery Court has just put special purpose acquisition company insiders on notice: If they don’t tell the whole truth about proposed deals, they may be on the hook to investors.
Vice Chancellor Lori Will ruled Tuesday in In re MultiPlan Corp Stockholders Litigation that investors in the Churchill Capital Corp III SPAC can move forward with claims that the SPAC’s insiders, including former Citigroup Inc executive Michael Klein, breached their fiduciary duties by failing to disclose critical information about the SPAC’s target, the healthcare cost management company MultiPlan Corp.READ