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The Latest SPAC News and Rumors: January 14, 2022


The Latest SPAC News and Rumors: January 14, 2022

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News:  Akulaku mulls $2B merger and Tiger Woods-backed SPAC files to seek sports and health targets

Ant-Backed Akulaku Mulls SPAC Merger at $2 Billion Value

Akulaku Inc., an Indonesian online lender backed by Jack Ma’s Ant Group Co., is considering a U.S. listing via a merger with a blank-check company that could value the combined entity at about $2 billion.

The fintech startup is working with advisers on a potential deal and is in early talks with Catcha Investment Corp. (NYSE:CHAA), the SPAC set up by internet entrepreneur Patrick Grove, said the people. A merger with a blank-check company could take place as soon as this year.


Tiger Woods-Backed SPAC Files to Seek Sports and Health Targets

A blank-check company backed by professional golfer Tiger Woods filed to raise $150 million in an initial public offering.

Sports & Health Tech Acquisition Corp.(NASDAQ:LDSP), based in Orlando, Florida, said in its filing Thursday with the U.S. Securities and Exchange Commission that it plans to seek a merger target in the sports or health technology sectors with an enterprise value of $600 million to $1 billion.