Connect with us

SPAC Insiders

The Latest SPAC News and Rumors: June 30, 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: Betsy Cohen advises investors to look for deals abroad, Zaoui brothers join Europe’s SPAC rush, and listings flow to South Korea


Betsy Cohen Says Investors Must Look Beyond U.S. for SPAC Deals

Betsy Cohen said the hottest acronym in finance ought to go global. While she doesn’t think SPAC opportunities in the U.S. have necessarily dried up, investors should be looking abroad.

“We can do SPACs that are more European-centric, Asian-centric,” said Cohen, chairman of SPAC investment firm FinTech Masala, Tuesday during a webinar hosted by the Economic Club of New York. “We have to be packing our bags — either electronically or actually.”

READ


Zaoui Brothers Join Europe’s Blank-Check Rush With Odyssey SPAC

Investment banker brothers Michael and Yoel Zaoui have teamed up with European executives Jean Raby, Oliver Brandicourt and Michel Combes to create Odyssey Acquisition SA, a 300 million-euro, or $357 million, vehicle that will list on Euronext Amsterdam.  The SPAC will invest in European healthcare and technology businesses in the region.

READ


As Singapore, Hong Kong weigh SPAC rules, listings flow to the US, South Korea

The Singapore and Hong Kong exchanges are considering loosening their listing rules to attract SPACs, but most of these blank-check companies will likely still opt for exchanges in the U.S. or South Korea, according to S&P Global.

Until now, most Asia-Pacific exchanges have effectively shut out SPAC IPOs due to their strict listing requirements. South Korea is a notable exception in the region, attracting smaller South Korea-based SPACS over the past decade. Now, Singapore and Hong Kong are hoping to reverse the trend and cash in on the SPAC craze, especially in the technology sector, as both explore a framework for SPAC listings.

As of March 2021, the number of SPACs debuting on the Korean stock markets was 50% higher than in the year-ago period, noted Leon Yee, chairman of law firm Duane Morris & Selvam, and investors in the country are increasingly more willing to consider SPACs.

READ


PlatoAi. Web3 Reimagined. Data Intelligence Amplified.

Click here to access.

Source: https://spacinsider.com/2021/06/30/latest-spac-news-and-rumors-june-30-2021/

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

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
Esports5 days ago

Can You Play Diablo II: Resurrected Offline?

Esports5 days ago

Failed to Enter Game, Character Could Not be Found: How to Fix Error in Diablo II: Resurrected

Esports3 days ago

Fall Guys achieves Guinness World Record for most downloaded PlayStation Plus game ever

Esports5 days ago

Valkyrae says YouTube is working on gifted members and a feature similar to Twitch Prime

Esports5 days ago

Valkyrae says YouTube is working on gifted members and a feature similar to Twitch Prime

Esports1 day ago

Twitch celebrity meetup Sh*tCamp 2021 begins today

Esports4 days ago

Microsoft’s The Initiative brings on Crystal Dynamics to help develop its Perfect Dark reboot

Esports5 days ago

How to check Diablo 2: Resurrected server status

Esports4 days ago

Best Stats for the Druid in Diablo II: Resurrected

Esports3 days ago

NBA 2K22 ‘Meet the Designers’ Quest Guide: How to Complete

Esports5 days ago

How to play with friends in Diablo 2: Resurrected

Esports5 days ago

Failed to Enter Game, Character Could Not be Found: How to Fix Error in Diablo II: Resurrected

Esports1 day ago

FIFA 22 Early Access Pack: How to Get

Esports4 days ago

NBA 2K22 Current Gen Best Big Man Build: How to Make

Esports4 days ago

How to earn operation stars in CS:GO

Esports4 days ago

Valorant Patch 3.07 Release Date: When is it?

Esports3 days ago

Tools of the Trade Diablo II: Resurrected Quest Guide

Esports5 days ago

NBA 2K22 Next Gen Best Big Man Build: How to Make

Esports4 days ago

XCOM 3 Appears in Nvidia Data Base Leak

Esports1 day ago

How to play Worlds 2021 Pick’em

Trending