The Latest SPAC News and Rumors: September 23, 2021

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

Latest SPAC News: Elizabeth Warren, other Senate Democrats raise concerns about SPAC incentives, Singapore startup Mirxes in talks to merge with Summit Healthcare, and IonQ partners with GE Research

Elizabeth Warren and Democrats Are Going After SPAC Kingpins 

Elizabeth Warren and other Senate Democrats are targeting some of the biggest names behind SPACs, questioning whether the once red-hot market will trigger outsized losses for retail investors.

Union Acquisition Corp. II (LATN) Shareholders Approve Procaps Deal

Union Acquisition Corp. II (NASDAQ:LATN) announced that its shareholders approved its combination with pharmaceutical manufacturer Procaps Group at a shareholder vote yesterday.

In a subsequent 8-K filing, the SPAC showed that 70.5% of its shareholders opted to redeem, however, removing an estimated $77.8 million from its trust.

The Latest SPAC News and Rumors: September 22, 2021

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

Latest SPAC News: Pakistan introduces regulatory framework for SPACs, SAB Biotherapeutics awarded $60.5M for COVID-19 treatment, and Aurora teams up with PACCAR and FedEx 

Public Offering Regulations Amended for SPAC Framework

The Securities and Exchange Commission of Pakistan (SECP) has amended the Public Offering Regulations, 2017 to introduce a regulatory framework for SPACs.

Fusion Acquisition Corp. (FUSE) Shareholders Approve MoneyLion Deal

Fusion Acquisition Corp. (NYSE:FUSE) announced in an 8-K filing today that its shareholders approved its combination with fintech platform MoneyLion at a shareholder vote held earlier this morning.

The filing did not disclose redemption numbers, but FUSE traded above $10 throughout its redemption deadline September 17, and climbed 10.47% today, closing at $10.76.

The Latest SPAC News and Rumors: September 21, 2021

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

Latest SPAC News: Timberlake, Lizzo back Hydrow ahead of SPAC deal, Malaysia reviews framework for SPACs, and Embark Trucks collaborates with Cummins 

Timberlake, Lizzo Back Rowing Startup Hydrow Ahead of SPAC Deal

Recording artists Justin Timberlake and Lizzo invested in Hydrow, a maker of at-home rowing machines that’s discussing going public through a merger with Sandbridge X2 Corp.

The Latest SPAC News and Rumors: September 20, 2021

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.

The Latest SPAC News and Rumors: September 17, 2021

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

Latest SPAC News: Hong Kong considers allowing SPAC listings, Redbox Entertainment acquires Vendetta distribution rights, and EQRx announces presentation of phase 3 data

Hong Kong Proposes SPAC Listings, But Only for Professional Investors

Hong Kong Exchanges & Clearing has outlined plans to allow the listing of blank-check corporations whose global popularity has soared over the past year, just two weeks after regional rival Singapore greenlit the float of such entities.

The Latest SPAC News and Rumors: September 16, 2021

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

Latest SPAC News: Lucid’s sedan confirmed as longest-range EV, air-taxi startup Lilium generates 29-fold return on Atomico bet, and Spire Global acquires exactEarth

Lucid’s Debut Sedan Awarded 520-Mile EPA Rating, Eclipsing Tesla

Electric vehicle maker Lucid Group (NASDAQ:LCID) says a version of its debut sedan has been confirmed as the longest-range EV ever rated by the U.S.

Rotor Acquisition Corp. (ROT) Shareholders Approve Sarcos Robotics Deal

Rotor Acquisition Corp. (NYSE:ROT) announced in a press release today that its shareholders approved its combination with industrial robotics maker Sarcos at a shareholder vote held yesterday.

The press release did not provide information on redemption numbers, but ROT traded above $10 throughout its redemption deadline September 13.

The Latest SPAC News and Rumors: September 15, 2021

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

Latest SPAC News: Carousell becomes Singapore’s newest unicorn, Acorns names former Amazon executive as president, and Anghami partners with Amazon Prime

Online Marketplace Carousell Is Singapore’s Newest Unicorn

Online classifieds marketplace Carousell Pte became Singapore’s latest tech unicorn, raising funds at a $1.1 billion valuation as Southeast Asia’s e-commerce startups benefit from the pandemic and related lockdowns, according to Bloomberg.