Blank-cheque companies

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

LIONSGATE Studio raised its private investment in public equity (PIPE) amount to US$225 million ahead of its merger with Screaming Eagle Acquisition, the special purpose-acquisition company (SPAC) fir...

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

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

FORMER US President Donald Trump came a step closer on Friday (Mar 22) to reaping a major windfall from his social media firm after investors in a blank-cheque acquisition company approved a tie-up cu...

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.

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

US BLANK-cheque companies and their acquisition targets will take on more legal liability for disclosures about projected earnings and other material information under new rules adopted by the US Secu...

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

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

LIONSGATE will spin off its studio unit in a blank-cheque deal that values the business behind the Hunger Games and John Wick movie franchises at about US$4.6 billion including debt, the company said ...

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.

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

INTUITIVE Machines said on Friday (Sep 16) it plans to go public in the United States through a blank-check merger that values the space technologies provider at more than US$1 billion.

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.

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

LIFE insurance asset managers Abacus Settlements and Longevity Market Assets are in talks to go public through a 3-way merger with a blank-cheque company backed by the owner of the National Football L...

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.

Blank-cheque pioneer Martin Franklin eyes London listing

SERIAL dealmaker Martin E Franklin is in exploratory talks to list a new acquisition vehicle in London, according to people with knowledge of the matter.

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.

Traveloka nears US$200m funding after SPAC talks

Traveloka, South-east Asia’s biggest online travel startup, is close to raising more than US$200 million from investors after ending talks to go public via a merger with a blank-cheque company last ye...

Malaysia's Hibiscus explores Singapore SPAC listing

Malaysia's Hibiscus explores Singapore SPAC listing

[KUALA LUMPUR] Hibiscus Petroleum is considering listing a special purpose acquisition company in Singapore that could raise as much as S$200 million, according to people familiar with the matter.

Angel investors plan rare SPAC targetting African startups

Angel investors plan rare SPAC targetting African startups

[MUMBAI] Two early-stage investors, who have made fivefold returns funding African startups since 2017, said they plan to list a blank-cheque company targetting technology companies from the continent...