Fusion Acquisition CEO John James is in talks to launch a new blank-check company which could soon file for a London listing with the aim of becoming the first to take advantage of a new British SPAC regime, Reuters reports, citing unnamed sources.
James, who runs two existing SPACs — Fusion Acquisition and Fusion Acquisition II — is working with JPMorgan on a third Fusion investment platform, the sources said.
Fusion’s choice of London comes as post-Brexit Britain scrambles to make the capital more competitive in one of the hottest areas in finance, with new rules expected to come in by “early summer,” according to the Financial Conduct Authority. Read more.
