The Business Times

Blank-cheque companies

Capital Markets & Currencies

Lionsgate Studio raises PIPE amount to US$225 million ahead of closing SPAC deal

The deal values Trump’s majority stake in the company that holds his app Truth Social at about US$3.6 billion.
Telcos, Media & Tech

Investors greenlight Trump’s US$6 billion social media deal

The new rules adpoted by SEC target deals involving “special-purpose acquisition companies” (SPACs), shell companies that raise funds through a listing with the intention of acquiring a private company and taking it public.
Capital Markets & Currencies

US SEC set to require more transparency from blank-cheque companies

The deal is expected to deliver about US$350 million in gross proceeds to Lionsgate
Lifestyle

Lionsgate to spin off studio business in US$4.6-billion Spac deal

Intuitive Machines is 1 of NASA’s contractors and its lunar payload delivery services were selected by the space agency for 3 lunar missions to send the first American spacecraft to the surface of the Moon since the Apollo Program.
Startups

Space tech startup Intuitive Machines seeks US listing via US$1b SPAC deal

Abacus Settlements and Longevity Market Assets are looking to merge with a special-purpose acquisition company (SPAC) backed by East Resources Acquisition Corp, the owner of the Buffalo Bills, a team in the US National Football League.
Companies & Markets

Insurer Abacus nears deal with Buffalo Bills owner’s blank-cheque company

The vehicle to be called Admiral will be sponsored by Franklin’s family office Mariposa Capital and could list on the London Stock Exchange as soon as September.
Startups

Blank-cheque pioneer Martin Franklin eyes London listing

Traveloka had been valued at US$3 billion, according to CB Insights, but Bloomberg News reported in 2020 that it was seeking funds at a lower valuation.
Startups

Traveloka nears US$200m funding after SPAC talks

Malaysia's Hibiscus explores Singapore SPAC listing
Startups

Malaysia's Hibiscus explores Singapore SPAC listing

Angel investors plan rare SPAC targetting African startups
Startups

Angel investors plan rare SPAC targetting African startups

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More