Posts
July 17 2024
Nasdaq Seeks To Tighten Delisting Rules Governing SPACs
Nasdaq is proposing to strengthen its rules governing delistings and trading suspensions of special-purpose acquisition companies that fail to complete mergers within 36-month deadlines or that violate other listing standards.
www.law360.com
July 17 2024
Bruised SPAC Market Pins Revival Hopes On Veteran Backers
More special-purpose acquisition companies are conducting initial public offerings, mostly backed by dealmakers who have completed prior mergers, bringing life to a listings market that was largely barren over the past year.
www.law360.com
June 28 2024
4 Things To Know As New SPAC Rules Take Effect
The U.S. Securities and Exchange Commission’s new rules governing special-purpose acquisition companies take effect on Monday, marking an expansive attempt to strengthen oversight of SPAC deals, albeit scaled back from the agency’s original proposal.
www.law360.com
May 22 2024
Blank-check firm Admiral to buy North America’s Acuren in $1.85 bln deal
Admiral Acquisition (ADMR.L), will buy North American engineering and lab-testing services provider Acuren in a $1.85 billion deal, the blank-check company co-founded by dealmaker Martin E. Franklin said on Wednesday.
www.reuters.com
May 16 2024
No Relief For Struggling SPACs Under Buyback Tax Proposal
Special-purpose acquisition companies won’t get sought-after relief from a new 1% tax on stock buybacks under a recent Treasury Department proposal that otherwise provides helpful clarity on the tax’s implications for the subdued SPAC market, lawyers say.
www.law360.com
May 15 2024
Chinese EV maker Aiways to go public in US via deal with Hudson Acquisition SPAC
Chinese electric vehicle maker Aiways will go public via a merger with U.S. special purpose acquisition company Hudson Acquisition Corp (HUDA.O), in a deal that should value the company around $400 million, the two companies said.
www.reuters.com
May 07 2024
Jollibee founder Tony Tan backs hotel SPAC deal despite lull in IPOs
The founder of the Philippine fast-food giant Jollibee, Tony Tan, is throwing his full weight behind the initial public offering of a hotel brand on New York’s Nasdaq via a merger with a special purpose acquisition company (SPAC) despite the shaky record of the listing vehicle.
www.asia.nikkei.com
May 02 2024
SPAC Veteran Klein Is Back With First IPO in Nearly Three Years
Veteran dealmaker Michael Klein has returned to the blank-check arena for the first time in nearly three years, after the once red-hot investing trend went bust and cost sponsors and investors billions.
www.bloomberg.com