Triller Owner Plans Direct Listing Amid Social Media Pivot: Report

While attempts have been made by the Financial Conduct Authority to clarify how investments in blank-check vehicles are treated, experts remain divided on whether there is sufficient appetite in the London market.

Astrocast, a Swiss firm developing tiny satellites that deliver internet access to all types of devices, is seeking as much as 50 million Swiss francs ($54 million) in a private placement ahead of a direct listing on the stock market, Bloomberg reports.

The SEC is making decisions and issuing guidance about SPACs that may be based on misconceptions, Bloomberg Law reports, citing Daniele D’Alvia, CEO of SPACs Consultancy in London, and Milos Vulanovic, associate professor at EDHEC Business School in France. They question why the SEC is not issuing new improvements for traditional IPOs.

The CEO of Trump-tied SPAC Digital World Acquisition is said to be personally calling small retail investors in an effort to get them to vote for an extension to take the former president's media company public.