Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Audit committees urged to keep tabs on SPAC reporting, and Singapore’s Grab forms alliance with rivals to shape gig workers law
Audit Committees Urged to Keep Tabs on SPAC Reporting, Turnover
The US audit regulator, the Public Company Accounting Oversight Board, released on Wednesday a list of questions and topics that corporate boards should consider reviewing with their auditor. The topics cover cybersecurity risks, auditors’ use of technology, and fraud risks.
Singapore Delivery Rivals Form Alliance to Shape Gig Workers Law
Singapore’s biggest mobile apps have set aside their rivalry to form an unlikely partnership, hoping to strengthen their influence with the local government as it considers laws that could transform the gig economy.
Grab Holdings Ltd. (NASDAQ:GRAB), Delivery Hero SE’s Foodpanda and Deliveroo Plc, three usually fierce rivals in meal delivery, have created the Digital Platforms Industry Association, they said in a statement on Thursday. They are joining up formally for the first time to help shape guidelines that protect the health and safety of delivery workers.
Altimeter Growth Corp. secured shareholder approval of its combination with Asian ride-hailing service Grab in a special meeting held in November 2021.
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News and Rumors SpaceNews: Boeing (NYSE:BA) has sued Virgin Galactic (NASDAQ:SPCE) alleging the space tourism venture refused to pay $25 million it owed for design work and violated Boeing’s intellectual property rights. Virgin Galactic combined with Social Capital Hedosophia in 2019. Bloomberg: The most popular options contract for Trump Media (NASDAQ:DJT) predicts it to plunge...
APx (NASDAQ:APXI) has entered into a definitive agreement to combine with precision medicine firms OmnigenicsAI and MultiplAI at an enterprise value $340 million. Once combined, these companies will offer DNA tests to consumers linked to predictive insights on their nutritional and genomic health. The combined company is expected to trade on the Nasdaq under the...
At the SPAC of Dawn With the pricing of IB Acquisition Corp. (NASDAQ:IBACU), March now officially has two SPAC IPOs in the books but we”ll have to see if three price to match February’s numbers. The move brings 2024’s total count to six SPAC IPOs, which continues to be a slower pace than 2023, which turned...
IB Acquisition Corp. (NASDAQ:IBACU) announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “IBACU”, Tuesday, March 26, 2024. The new SPAC will have a broad search focus and will not be limited to a particular geographic region or industry, but believe there...
They say timing is everything and at the end of a week punctuated by two successful traditional IPOs from Astera and Reddit, the sponsor team that announced the CCIV/Lucid deal at the absolute peak of the capital markets insanity that was Q1-2021 dropped their latest new SPAC – Churchill Capital Corp. IX. Is this a...