“We have to recognize that SPACs have eaten the normal IPO market”: Bullpen Capital Founder & General Partner

UK-based blank-check company Pineapple Power said today that it has not yet reached a "binding agreement" for the £33 million ($41 million) acquisition of Canadian hydrogen energy business Ilios Hydrogen Canada.

Gaurav Budhrani, the now-former CEO, was with PrimeBlock for about a year, according to his LinkedIn profile. He had come aboard from Goldman Sachs

The PIPE may exceed $500 million.

The SGX has introduced a new framework to enable SPACs to list on the exchange, such as minimum market capitalization requirements, minimum SPAC IPO price, and minimum public float, among others.