SGX, the Singapore Exchange, is reportedly considering lowering the minimum market cap requirement for SPACs to $150 million from $300 million, Regulation Asia reports. A reduction is said to be “a key contentious point” for SGX executives.
SGX is also said to be looking into creating flexibility for SPAC sponsors to disclose their target companies upon listing the SPAC, purportedly to create greater transparency and reduce risk in SPAC transactions. In the US, SPAC regulations prohibit SPACs from talking to target companies pre-IPO. Read more.
