First Africa Cannabis SPAC Moving Forward With Cilo Cybin Listing

Africa is about to get its first listing of a medical cannabis-focused SPAC when Cilo Cybin Holdings Ltd. raises money in Johannesburg later this year, Bloomberg reports

The company is seeking as much as 2 billion rand ($114 million), said Gabriel Theron, who leads the business. The share offer will open on Sept. 12 and close in November. Read more.

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SPAC Deal Pressure Building: Report

SPACs that IPO'd during the last four months will begin feeling pressure as the competition for great private companies may leave lower-tier SPACs feeling like they are fighting for table scraps, The Street reports.