Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Singapore poised to beat Hong Kong in listing first SPACs, Novo Tellus files for $111M IPO, and Planet launches 44 SuperDove satellites
Singapore Poised to Beat Rival Hong Kong in Listing First SPACs
The Singapore stock exchange is poised to list its first SPAC as early as next week, which could put it ahead of rival Hong Kong in welcoming the popular new form of fundraising.
Two sponsor companies on Thursday announced they had filed prospectuses for IPOs of their SPACs, the first such filings in the city. The financial hub is keen to follow in the footsteps of the U.S., which has seen a flood of SPAC listings during the course of the COVID-19 pandemic.
Hong Kong’s stock exchange operator, by contrast, only opened the door to SPAC listings at the start of this year, a little later than its Singaporean counterpart, which launched a framework for the vehicle months ago.
READSingapore Buyout Fund Novo Tellus’ SPAC Files For $111M Local IPO
A SPAC backed by Southeast Asian industrial technology buyout fund Novo Tellus Capital Partners will open the books for its S$150 million ($111.4 million) IPO on Friday, Reuters said.
Separately, last week Vertex Technology, a SPAC sponsored by Singapore state investor Temasek-owned Vertex Venture, and Pegasus Asia – a SPAC backed by European asset manager Tikehaue Capital, filed their prospectuses ahead of their listings later this month.
READPlanet to Launch 44 SuperDove Satellites on SpaceX’s Falcon 9 Rocket
Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced that the launch of their Flock 4x, consisting of 44 SuperDove satellites, will take place on Thursday, January 13th on SpaceX’s Falcon 9 Transporter-3 SSO. This marks the first satellite launch under Planet’s new multi-year, multi-launch rideshare agreement with SpaceX.
Planet operates the world’s largest constellation of Earth observation satellites; and with this launch, the company will have more than 240 satellites in orbit.
On December 3, dMY Technology shareholders approved its business combination with Planet Labs.
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AGBA (NASDAQ:AGBA) stock is up over +90% this morning following a +211% premarket spike on news it has signed a definitive agreement to combine with social streaming video platform Triller. AGBA, the company itself, was formed by the $555 million combination between a SPAC of the same name and TAG Companies, a financial services firm...
At the SPAC of Dawn Since closing its combination with DHC last month, AI customer engagement firm BEN (NASDAQ:BNAI) has rolled out new partnerships with call center and healthcare clients. And, while it faces a fair bit of competition in the chatbot realm, several high-profile institutions have demonstrated that creating one that provides useful services...
Blue Ocean (NASDAQ:BOCN) provided significantly more texture today in the presentation for its $275 million combination with Asian digital media group TNL Mediagene, which it expects to hit profitability in the second half of the year despite a slight shakeup in financing for the transaction. The first big update in the first investor deck is...
At the SPAC of Dawn A brand new market may have just opened up for space de-SPACs as NASA administrator Bill Nelson announced a shift in the agency’s $11 billion program for a mission to return samples from Mars. Rather than rely on the agency’s internal technologies that would be predicted to get a sample...
Overall deal flow between SPACs and biotech firms has slowed over the last year, but some pending FDA changes could breathe new life into particular business models within the space. In particular, the FDA has asked Congress as part of its 2025 Legislative Proposals to eliminate the interchangeability designation for biosimilar medications, claiming the existing...