Posts
August 29 2024
4 Firms Guide VivoPower Subsidiary’s $904M SPAC Merger
Electric utility vehicle company Tembo E-LV on Thursday announced that it has agreed to merge with special purpose acquisition company Cactus Acquisition Corp. 1 Ltd. in a deal built by four law firms that values the combined business at $904 million.
www.law360.com
August 27 2024
Bob Diamond-Backed SPAC Inks Merger to Bring Events.com Public
Event management platform Events.com has struck a deal to merge with a blank-check firm led by Bob Diamond and Jeff Tuder at a pro forma enterprise value of nearly $400 million.
www.bloomberg.com
August 23 2024
Kenya Pensions Industry Plans SPAC to Tackle State Pending Bills
Kenyan pension funds are in talks to acquire a portion of the government’s overdue payments to some contractors and service providers, aiming to undo a decades-old logjam that has weighed on businesses and banks.
www.bloomberg.com
August 23 2024
Tactical Resources Plans Nasdaq Listing Via Plum SPAC Deal
Tactical Resources Corp., a mining company focused on rare earth elements, has agreed to go public on the Nasdaq stock market through a merger with a blank-check firm.
www.bloomberg.com
August 23 2024
Hong Kong eases listing thresholds for tech firms, SPAC deals in fresh tonic for IPO market
Hong Kong’s stock exchange operator is modifying its listing rules to make it easier for specialist technology companies and special-purpose acquisition companies (SPACs) to raise funds from investors, after a rebound in capital-market activities led to record earnings.
www.scmp.com
August 19 2024
SPAC Veteran Klein to Shutter Another Blank Check Firm After Deal Break
Wall Street maven Michael Klein’s SPAC empire was dealt another blow when a deal to take CorpAcq Holdings Ltd. public was called off. The banker’s Churchill Capital Corp. VII on Sunday said it will shut down after the deal was terminated, citing conditions about the market for initial public offerings. The liquidation will mark the third special-purpose acquisition company backed by Klein to throw in the towel.
www.bloomberg.com
August 12 2024
Asian Streaming Platform Plans US Listing Via SPAC Merger
Asia-focused animation and streaming platform Global IBO Group Ltd. plans to go public in the U.S. at an estimated $8.3 billion valuation by merging with special purpose acquisition company Bukit Jalil Global Acquisition 1 Ltd., under guidance from two law firms.
www.law360.com
August 10 2024
Investors should beware a revival of Spacs
Sometimes I wonder if investors ever learn from their foolish choices. Take, for instance, the denouement of the latest version of the craze for special purpose acquisition corporations, or Spacs.
www.ft.com