London-listed Financials Acquisition (LON:FINS) terminated a plan to invest £150 million or more in insurance market Lloyd’s of London after receiving insufficient investment commitments. The SPAC will now liquidate, the Finacial Times reports. Read more.
The association said a tax on stock buybacks would negatively impact SPAC shareholders seeking to redeem shares ahead of a merger, among other concerns.
Sixth Street Partners is seeking to block the Owl Rock-Dyal deal until concerns it has with the transaction are addressed, according to a letter sent to investors, Bloomberg reports.
Singapore Exchange’s regulatory arm is considering easing a minimum $223.2 million market value proposal for SPACs and a proposal that warrants cannot be detached from underlying shares.