Gulf Capital Considering SPAC with Abu Dhabi Listing

Abu Dhabi asset manager Gulf Capital is considering setting up a special purpose acquisition company that will list on the Abu Dhabi Securities Exchange, two sources told Reuters.

Gulf Capital, which manages about $2.5 billion in assets, is working with boutique advisory Moelis & Co. on the potential transaction, said the sources, who declined to be named because the matter is not public.

Investor interest in blank-check companies is rising in the Middle East as deals have started to face greater scrutiny in the United States. Read more.

Total
0
Shares
Related Posts
CFIUS
Read More

SPACs and CFIUS: Due Diligence Considerations

SPAC investors and target businesses in other countries can raise national security and regulatory considerations, and in particular, the attention of foreign investment review mechanisms such as the Committee on Foreign Investment in the United States (CFIUS) and similar regimes in other countries, writes risk compliance and monitoring firm K2 Integrity.
Gavel
Read More

Delaware Chancery Validates SPACs’ Charter Amendments and Share Issuances

Many SPACs, in connection with a de-SPAC merger, have approved charter amendments authorizing an increase in the number of their authorized shares of Class A Common Stock to facilitate the issuance of shares required for the merger. Class A and B stock typically voting together. The chancery court has ruled that such amendments require an additional, separate vote of Class A shares.