Even as the Indian government is still working out the nuances of allowing SPACs to operate in the country, Indians and Indian companies are already rushing to use the financing vehicle, Money Control reports. Media reports say that many Indian individuals are busy floating or investing in SPACs. High net worth individuals are using various routes to take advantage of the instrument that is in vogue in the United States and Europe. Read more.
Atlas Crest Investment Corp. began trading today in a $500M IPO on the NYSE under the ticker symbol "ACIC.U."
Lucid wants to redeem the warrants and could raise as much as $500 million by calling them. But with demand for more environmentally-friendly vehicles only expected to grow, who knows where the EV maker's stock could be in five years?
Britain-based flying taxi service Vertical Aerospace is close to sealing a deal with Broadstone Acquisition, Sky News reports.
Crescent Cove Advisors, founded by Singaporean Heng Jun Hong, has filed confidentially to launch a SPAC targeting South-east Asia's technology sector.