Allied Universal Said to be in 3-Way SPAC Merger Discussions

Information from financial data provider Refinitiv shows that at least nine Singapore and Hong Kong companies this year have announced plans to go public with SPACs listed in the U.S., despite the cities offering a number of these shell companies since the first quarter -- none of which has merged successfully with a target business.

The Metals Company’s controversial plan to mine the seafloor is a tale of questionable green credentials and SPAC disappointment.

Just 37 special purpose acquisition companies have filed for a U.S. listing since the start of the year, compared with 451 filings during the same period in 2021.

The Pinault family is joining the growing line of sponsors of European SPACs, aiming to raise as much as €300 million ($354 million) for a blank-check company that will focus on the entertainment and leisure industries, Financial Times reports.