The London Stock Exchange has seen several of its companies decamp for Wall Street and SPACs have become a new avenue for those companies to skip across the pond.
This week, we speak with Hervé Tessler, CEO of Noventiq (LSE:NVNQ) and Jerry Letter, CFO and COO of Corner Growth Acquisition Corp.
They explain why they think Noventiq will be better valued on the Nasdaq following the close of their $800 million combination announced in May, and how Noventiq’s own operations as a digital transformation facilitator are ramping up in the developing world.
Give it a listen.
At the SPAC of Dawn The past month’s rocky intersection of politics and economics continues to have up-and-down effects for de-SPACs. The latest to get a boost this week was Latin American real estate developer Murano Global Investments (NASDAQ:MRNO). The 2024 merger target of HCM saw a one-day gain of +9.2% propel its share price...
Pelican Acquisition Corporation (NASDAQ:PELIU) has filed for a $75 million SPAC to find a technology target as its team builds on ties to a pair of other recent deals. This new SPAC is not over-funded and has one right to a 1/10 share in each unit, but it will only have 15 months to initially...
International Media Acquisition Corp. (OTC:IMAQ) has entered into a definitive agreement to combine with energy firm VCI Biofuels Group at an enterprise value of $1 billion. Vietnam-based VCI aims to develop a production hub for sustainable aviation fuel for the Asian market. The combined company is expected to trade on the Nasdaq once the deal...
At the SPAC of Dawn The Trump administration’s midday decision yesterday to do a sudden pause on most of its tariffs sent markets skyrocketing and allowed many de-SPACs to retrieve significant ground lost since the beginning of the year. The biggest gainer on the session was Israeli cybersecurity firm HUB Cyber Security (NASDAQ:HUBC), which also...
Twelve Seas Investment Company III (NASDAQ:TWLVU) has filed for a $150 million IPO to hunt specifically for an international target at a time when markets have been roiled by an ever-shifting trade war. Such a bet could open up interesting opportunities as the highest performing de-SPAC to close since the US presidential elections has been...