Singapore Exchange unveiled new rules today to allow SPACs to list in the city-state, after rolling back some measures that were viewed as too strict by market participants, Reuters reports.
Following a market consultation, SGX’s regulatory arm announced rules that included halving the minimum capitalization requirement for SPACs to $112 million from its initial proposal.
It also said it will now allow warrants to be detachable and all shareholders would have redemption rights. Read more.
