SPAC Slowdown Tests Asia’s Fledgling Market for Blank-Check Firms

Two of Asia’s financial hubs aimed to reinvent the SPAC. So far, it is proving slow going, The Wall Street Journal reports.

Exchanges in Hong Kong and Singapore have always said they aim for quality not quantity with their rules for blank-check companies, touting better investor protection than in the U.S. There have been only a handful of offerings to list on both the Hong Kong and Singapore exchanges since blank-check firms were approved in the Asia markets. Read more.

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The EV SPAC Boom Could Have Been Even Bigger: Report

The latest data from BNEF shows 13 EV-related SPACs that have been completed, and 14 more pending expected acquisitions in the second half of 2021. This includes companies involved not just in making vehicles themselves, but also in the EV battery supply chain and charging infrastructure.