Connect with us

SPAC Insiders

Poema Global Holdings Corp. (PPGH) to Combine with Gogoro in $2.3Bn Deal

Published

on

SPAC Insiders

HHG Capital Corp. (HHGCU) Prices $50M IPO

Published

on

IPO-Pricing

Sep 20, 2021 IPOs by Marlena Haddad

HHG Capital Corp.  announced the pricing of its $50 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “HHGCU” Tuesday, September 21.

The new SPAC intends to combine with an established business that is currently under-performing its potential due to a temporary period of dislocation in the markets. HHG Capital Corp. is led by CEO Chee Shiong (Keith) Kok and CFO Shuk Man (Lora) Chan.

Total SPAC deal count for 2021 year-to-date is now 436. This offering is expected to close on Thursday, September 23.


EF Hutton, division of Benchmark Investments, LLC, and Brookline Capital Markets, a division of Arcadia Securities, LLC, are the joint book-running managers for the IPO. Loeb & Loeb LLP is serving as Issuer’s Counsel with Nelson Mullins Riley & Scarborough LLP serving as Underwriter’s Counsel. Friedman LLP serves as auditor. American Stock Transfer & Trust Company, LLC is acting as trustee.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://spacinsider.com/2021/09/20/hhg-capital-corp-prices-50m-ipo/

Continue Reading

SPAC Insiders

The Latest SPAC News and Rumors: September 20, 2021

Published

on

latest-news


Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News: Hong Kong struggles to lure SPACs while MENA SPAC activity surges; WeWork to start trading in October


Hong Kong Seen Struggling to Lure SPACs With Strict Rulebook

Hong Kong could have a hard time attracting blank check companies after it proposed a high threshold to list in the city, according to Bloomberg.

In a consultation paper released on Friday, Hong Kong Exchanges & Clearing Ltd. proposed that SPACs would need to raise at least HK$1 billion ($128 million) when listing and that retail investors would be barred from participating.

It also set an eligibility test for SPAC promoters, including having managed at least HK$8 billion for three years or possessing senior management experience at major listed companies.

READ


Surge in MENA’s SPAC Activity Counters IPO Drop, Says Ernst & Young 

Middle Eastern businesses are increasingly making use of SPACs, a report by Ernst & Young has claimed.

The analysis shows a rise in activity involving SPACs and MENA-based firms.

Gregory Hughes, Ernst & Young MENA IPO and transaction diligence leader, said: “IPO activity during H1 2021 was below expectations, nevertheless the year did bring some remarkable deals with MENA companies showing an ever-increasing interest in SPAC transactions as a means to go public. We expect this trend to continue as companies seek to increase their international presence and gain access to a wider pool of investors.”

READ


WeWork to Start Trading in October, Two Years After IPO Crash

WeWork Cos. plans to begin trading its shares around Oct. 21 on the NYSE, nearing the end of a years-long journey to the public markets.

Shareholders in a SPAC set to acquire WeWork will meet on Oct. 19 to vote on the plan, the companies said in a statement.

Subject to shareholder approval, the deal will close on or about Oct. 21 and the shares will be listed after that under the ticker WE. The SPAC, BowX Acquisition Corp. (NASDAQ:BOWX), currently trades at $10.00, off its high of $13.71 in April after unveiling the merger with the New York-based real estate company.

READ


PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://spacinsider.com/2021/09/20/latest-spac-news-and-rumors-september-20-2021/

Continue Reading

SPAC Insiders

Cartesian Growth Corporation (GLBL) to Combine with Alvarium Tiedemann Holdings in $1Bn Deal

Published

on

Marsh Ad July 2021

Archives

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://spacinsider.com/2021/09/20/cartesian-to-merge-with-alvarium-tiedemann-in-1bn-deal/

Continue Reading

SPAC Insiders

SPAC IPO Terms Tracker: Another Quiet Holiday Week

Published

on

Marsh Ad July 2021

Archives

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://spacinsider.com/2021/09/19/terms-tracker-week-ending-september-17-2021/

Continue Reading
Esports4 days ago

The best teams in Hearthstone Mercenaries

Energy5 days ago

Dover Announces Acquisition Of LIQAL B.V., A Leading Provider Of LNG And Hydrogen Fueling Solutions

Esports3 days ago

How Many Chapters are in the Demon Slayer Game?

Energy5 days ago

Sigma Lithium Says Technology Will Be Key To Make Lithium Greener And Cheaper At Financial Times Live Commodities Summit

Aviation5 days ago

Ottawa eyes charging airport security with vaccine verification for travellers

zephyrnet5 days ago

APENFT Foundation’s Announcement on Adjusting the APENFT(NFT) Airdrop Strategy

Gaming5 days ago

Mobile Casino Apps Explained

Gaming5 days ago

Criteria For Using An Online Casino

Artificial Intelligence5 days ago

AI Visual Inspection For Defect Detection in Manufacturing

Esports3 days ago

Demon Slayer: Kimetsu no Yaiba – The Hinokami Chronicles Character Tier List

Payments2 days ago

Everyone is building a wallet

Aviation2 days ago

Vaccine passports for overseas travel to be rolled out this week

Crowdfunding5 days ago

Walmart, With Eyes on Amazon, Tries to Build a Fintech Startup

AI3 days ago

When to Contact an Attorney After a Car Accident

Esports5 days ago

What is the VALORANT rank distribution?

AI3 days ago

5 Ways to Attract Clients with Law Firm SEO

IOT5 days ago

How IoT Can Improve Your Manufacturing Operations

Esports5 days ago

Rating every new special edition jersey at the 2021 World Championship

Supply Chain3 days ago

Top 10 hydraulic cylinder manufacturers in China

Crowdfunding5 days ago

We Founder Circle announces Global Accelerator Programme -EvolveX

Trending