Kacific Broadband Satellites is in advanced talks to go public via a SPAC, with Singapore’s Pegasus Asia the leading contender, Bloomberg reports.
Kacific, which provides high-speed internet access via satellite, has agreed to enter into exclusive negotiations with one SPAC after months of negotiations, giving the potential partner a few weeks to conduct due diligence and finalize a deal, said the people, asking not to be named as the matter is private. Pegasus Asia, led by CEO Neil Parekh, won the exclusivity in part because of its deep-pocketed backers and its location in Singapore, said one of the sources. Read more.
