ReKTGlobal Reportedly in Talks to Merge With SPAC

ReKTGlobal, an esports startup, is in talks to go public through a merger with Baron Davis’s blank-check firm Bull Horn Holdings, Bloomberg reports, citing people with knowledge of the matter.

The SPAC is discussing raising a PIPE to support the transaction, which is set to value the combined entity at more than $400 million, the people said. A deal hasn’t been finalized and terms may change, or talks could collapse. Read more.

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Japan Mulls Allowing SPAC Listings, Nikkei Says

The country’s Financial Services Agency, its Ministry of Economy, Trade and Industry and the Tokyo Stock Exchange will reportedly begin discussions this summer. The cabinet plans to include the issue in its growth strategy plan in June.