Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Malaysia’s Hibiscus considers Singapore SPAC listing, Bridgestone partners with LanzaTech, and Credit Suisse forms new committee to review SPAC deals
Malaysia’s Hibiscus Explores Singapore SPAC Listing
Hibiscus Petroleum Bhd. is considering listing a special purpose acquisition company in Singapore that could raise as much as S$200 million ($147 million).
The Malaysian independent oil and gas explorer has held talks with potential advisers on the potential SPAC initial public offering. The blank-check company, which could raise S$150 million to S$200 million, will look for acquisition targets in the renewable energy sector.
READBridgestone Partners with LanzaTech to Pursue End-of-Life Tire Recycling Technologies
Bridgestone Americas (Bridgestone), a global leader in tires and sustainable mobility solutions, today announced an exclusive partnership with Carbon Capture and Transformation (CCT) company, LanzaTech NZ, Inc. (LanzaTech) to address end-of-life tire waste. The two companies will co-develop the first dedicated end-of-life tire recycling process leveraging LanzaTech’s proprietary CCT technology, creating a pathway toward tire material circularity and the decarbonization of new tire production.
As previously announced, LanzaTech has entered into a merger agreement for a business combination transaction with AMCI Acquisition Corp. II (Nasdaq: AMCI).
READCredit Suisse Committee to Review SPAC Deals as SEC Rules Loom
Credit Suisse Group AG has formed a new committee to assess its involvement in blank check-firm mergers as underwriters face the prospect of heightened liability under proposed financial regulations.
The Swiss lender told staff in a memo that the “tactical deSPAC committee” will focus on pending mergers involving U.S. special purpose acquisition companies. Any transaction must be approved by both the new committee and the firm’s investment banking committee.
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Hudson I (NASDAQ:HUDA) has signed a definitive agreement to combine with EV maker Aiways Europe at an equity value of $410 million. Munich, Germany-headquartered Aiways Europe is developing a line of EV SUVs for the European market with support from an affiliate manufacturer in China. The combined company is expected to trade on the Nasdaq...
The clearest theme for the changes to come under the incoming Trump administration is lower taxes domestically and trade barriers abroad. And, the election’s impacts on the investment climate have been broadly favorable to SPACs, but this policy-making direction could have detrimental impacts on SPAC deals themselves. That’s because international targets have made up an...
At the SPAC of Dawn Activity has been picking up in SPACland after a sleepy start to the month, but the biggest news for the this corner of the market is not SPAC-specific. SEC Chair Gary Gensler announced his intention to resign on January 20. His resignation press release touted the $21 billion in penalties...
Deals and Amendments Arogo Capital (OTC:AOGO) has received notice that its merger target Ayurcann Holdings (CSE:AYUR) has terminated their business combination citing a breach on behalf of the SPAC. Ayurcann expects to be paid a $250,000 breakup free from Arogo. News and Rumors PR: Smart TV firm Innovid (NYSE:CTV), which combined with ION 2 in...
At the SPAC of Dawn Wednesday night saw two more SPACs price their IPOs, which means November’s eight listings will now eclipse October’s haul of seven and the five IPOs of September. Amid this accelerating momentum, a new name could soon be seen on a number of new SPACs. EF Hutton rebranded to D. Boral...