The SPAC market has to date been dominated by New York issuers, but other exchanges are keen to get in on the act, Private Equity News reports.
Amsterdam is emerging as the next key European center for SPACs due to its flexible listing rules and the suitability of Dutch corporate vehicles to allow quick redemptions. Recent examples in Amsterdam include high profile listings of Pegasus Europe and ESG Core with several in the pipeline. Current UK reverse takeover rules mean a SPAC will have to suspend trading in its shares when a deal is announced, which basically means investors who do not support the transaction and wish to redeem their shares are locked out from doing so for some time. Read more.
