The Latest SPAC News and Rumors: June 2, 2023
by Marlena Haddad on 2023-06-02 at 11:42am

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

Latest SPAC News: UK SPAC Ashington Innovation announces it will IPO on London Stock Exchange and Cheche Technology releases new business intelligence platform


UK SPAC eyes £1.8m IPO in London

UK SPAC Ashington Innovation has announced today it will IPO on the main market of the London Stock Exchange.

The company specializes in the fintech and deep tech sectors and has raised £809,437 in gross proceeds – consisting of 26,981,233 ordinary shares at 3 pence per share.

Subject to admission to the standard listing segment of the LSE, Ashington Innovation said it will have 61,397,900 shares in issue, valuing it at around £1.84m.

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Cheche Technology Releases its Auto Insurance 2.0 EV Upgrade Solution Featuring the AI-Enabled Sky Dome Risk Management Platform

Cheche Technology Inc., China’s leading auto insurance technology platform, announced the release of its EV 2.0 Upgrade Solution featuring the Sky Dome Risk Management Platform. This comprehensive business intelligence platform synthesizes various categories and levels of data, augmented by machine learning, to drive superior capabilities in underwriting, pricing, claims management, and group fraud detections.

Cheche Technology announced on January 30, 2023, that it had entered into a definitive business combination agreement with Prime Impact Acquisition I (“Prime Impact”) (NYSE: PIAI).

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by Nicholas Alan Clayton on 2024-06-10 at 8:08pm

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by Nicholas Alan Clayton on 2024-06-10 at 3:36pm

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by Nicholas Alan Clayton on 2024-06-10 at 11:48am

Bayview (NASDAQ:BAYA) has entered into a definitive agreement to combine with Chinese fintech Oabay at an enterprise value of $393 million. Oabay provides cloud-based software to help companies optimize their supply chains with trade credit solutions. The combined company is expected to trade on the Nasdaq once the deal is completed in late 2024. Transaction...

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