The Latest SPAC News and Rumors: August 19, 2021
by Marlena Haddad on 2021-08-19 at 11:49am

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News: Singapore Exchange considers lowering market cap requirements for SPACs, and Aurora releases tool to gauge safety of self-driving systems


Singapore Exchange Mulls Lower Market Cap Requirement for SPAC Listings

SGX (Singapore Exchange) is reportedly considering lowering the minimum market cap requirement for SPACs  seeking to list in Singapore.

An SGX spokesperson said it has received more feedback from the SPACs consultation than any other previously, and is “working very hard” to publish the results as soon as possible.

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Aurora Releases Tool to Gauge Safety of Self-Driving Systems

Aurora, the Silicon Valley self-driving startup founded by former Tesla, Uber and Google executives, has released what it says is the industry’s first tool for evaluating whether and when autonomous trucks and cars are safe to deploy on public roads without a human behind the wheel.

The release of the safety tool, which provides a methodology and metrics for gauging progress from development to deployment, comes days after the U.S. National Highway Traffic Safety Administration opened an investigation of Tesla’s Autopilot driving assistance feature following a series of crashes involving Tesla models and emergency vehicles.

Aurora entered into a definitive agreement to combine with Reinvent Y (NASDAQ:RTPY) on July 15.

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Recent Posts
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by Nicholas Alan Clayton on 2024-06-26 at 1:04pm

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by Nicholas Alan Clayton on 2024-06-26 at 6:37am

Graf Global Corp announced the pricing of its $200 million IPO and its units are expected to begin trading on the NYSE American under the symbol “GRAF.U”, Wednesday, June 26, 2024. The new SPAC plans to combine with a company that has stable free cash flow and that would benefit from its team’s strategies and...

by Nicholas Alan Clayton on 2024-06-25 at 3:55pm

Ault Disruptive (NYSE:ADRT) has entered into a definitive agreement to combine with defense contractor Gresham Worldwide (OTC:GIGA) at an enterprise value of $83 million. Scottsdale, Arizona-based Gresham provides electronic components and communication equipment to the defense and healthcare sectors through a series of subsidiaries. The combined company is expected to trade on the NYSE American...

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