Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Temasek unit-backed SPAC rises in Singapore trading debut, and Tokyo bourse chief says SPACs possible in Japan
Temasek Unit-Backed SPAC Rises 1% in Singapore Trading Debut
The first blank-check company to debut in Singapore climbed 1% in its first day of trading after an offering that attracted strong demand from retail and institutional investors.
Vertex Technology Acquisition Corporation Ltd., sponsored by state investor Temasek’s Vertex Venture Holdings Ltd., closed at S$5.05 on the Singapore exchange, after having jumped as much as 5% in early trade. The SPAC’s IPO is the first for such vehicles in the city-state.
READTokyo Bourse Chief Says SPACs Possible in Japan But Only With Safeguards
Japan could open up to blank-check listings but with its own safeguards for investors, the head of the Tokyo bourse said, as the government scrambles to grow startup firms as a way to revitalize the world’s third-largest economy.
The Tokyo Stock Exchange (TSE) has set up a study group to discuss the possibility of allowing SPACs.
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At the SPAC of Dawn Happy Friday! SPACInsider has unveiled new presets on SPAC Performance accessible via the Data drop-down to easily sort for the highest and lowest performing active SPACs and de-SPACs. On the de-SPAC side, Vertiv (NYSE:VRT) continues to be well ahead of the pack, logging a 710% return by share price adjusted...
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...