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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At the SPAC of Dawn While futures indicate the Santa rally may be retreating back to the North Pole, de-SPACs have nonetheless notched a solid week and SPACs still in other points in their processes still have plenty of business left on their plate. Three SPACs are asking shareholders for extensions today while two more...
SPACInsider 2024 Awards 2024 was clearly a rebuilding year for SPACs and the pace didn’t really gather momentum until June. But in typical SPAC fashion, once the market catches fire, it builds very, very quickly. With that being said, there are some noteworthy standouts this year that are worth highlighting. As such, this is the...
At the SPAC of Dawn (UPDATED) It was a slow start to the day after the Christmas holiday, especially because the SEC was “experiencing technical difficulties” this morning. That makes for a slow news day. Other than that, we hope everyone had a great holiday and is easing back into the work flow. Deals and...
Aimei Health Technology II Co., Ltd (NASDAQ:AHJKU) has filed for a $60 million SPAC ostensibly to pair up with a small cap biotech or medical device target, but its team’s experience both in SPACs and beyond suggest the vehicle will be open to a broad set of potential targets. It is the first SPAC to...
At the SPAC of Dawn The markets got to open one stocking early yesterday, but it was mostly coal as it showed durable goods orders had declined by more than twice as much as expected to -1.1% in November. It wasn’t all signs of naughtiness, however. Amid the numbers that came public one day earlier...