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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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...
At the SPAC of Dawn As April’s sleepy month for SPAC news continues, there is only one special meeting on the docket to consider a SPAC deal approval, that being today’s vote on Pegasus Digital Mobility‘s (NYSE:PGSS) combination with equipment manufacturer Schmid. Three more SPACs are facing extension votes this week, including Pyrophyte (NYSE:PHYT), whose...
Terms Tracker for the Week Ending April 19, 2024 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. Passover and school spring break starts next week, which most likely means a slowdown in SPAC filing activity. Although Churchill IX is now rumored to...
Despite a week of general pull-backs in the market, fintech firm Ibotta (NYSE:IBTA) nonetheless took the dive and had a good week debuting via a traditional IPO in the choppy waters. The company, which provides app-based consumer cashback discounts on purchases, priced its IPO at $88, above its proposed range of $76 to $84, and...