SPACs Expected to Help Singapore Break Driest IPO Spell in Years: Report

Blank-check companies could revive Singapore’s languishing market for IPOs as stock exchanges from Mumbai to Seoul profit from blockbuster deals, Bloomberg reports.

Singapore Exchange Ltd. last week presented rules for the listing of SPACs as it attempts to get a slice of what has become a worldwide frenzy. It is allowing SPACs to list under a rulebook that is more lenient than initially envisioned and more in line with the framework in the U.S. Read more.

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Surf Air Mobility Announces Anticipated Date for Direct Listing

The direct listing comes eight months after the company terminated a merger agreement with Tuscan Holdings II. The SPAC disclosed at the time that if Surf Air completes a direct listing, IPO, a SPAC transaction or a sale by Nov. 14, 2025, Surf Air will issue to Tuscan 600,000 shares and reimburse Tuscan’s expenses by issuing an additional 35,000 shares or paying the SPAC $700,000 in cash.
Velodyne
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Velodyne Founder Going to War with His Own SPAC: Report

David Hall, the founder of lidar manufacturer Velodyne, is fighting with the SPAC that acquired his company, The Verge reports. In a letter, Hall is calling for the resignation of two of the company’s SPAC-appointed board directors, whom he blames for Velodyne’s “poor financial performance.”