Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Traveloka nears $200 million funding after SPAC talks
Traveloka is Said Near $200 Million Funding After SPAC Talks
Traveloka, Southeast Asia’s biggest online travel startup, is close to raising more than $200 million from investors after ending talks to go public via a merger with a blank-check company last year, according to people familiar with the matter.
The Jakarta-based firm is pulling in fresh funds after its board decided not to pursue a listing via Bridgetown Holdings Ltd.(NASDAQ:BTWN), a special purpose acquisition company backed by billionaires Richard Li and Peter Thiel. Traveloka, backed by investors including GIC Pte and Expedia Group Inc., is aiming for an initial public offering in the U.S. this year but the location and time could still change, the people said.
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Plum Acquisition Corp. I (NASDAQ:PLMI) has entered into a definitive agreement to combine with digital transformation company Veea for a total enterprise value of approximately $281 million. New York City-based Veea aims to simplify secure edge computing by improving application responsiveness, reducing bandwidth and data transport costs, and eliminating central cloud dependency. The parties expect the transaction to be...
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At the SPAC of Dawn SPAC closing timelines can always be somewhat unpredictable, but PROOF I (NYSE:PACI) has the opportunity today to vie for a recent speed record today. It announced a combination with private aviation firm Volato 118 days ago on August 2 and its shareholders are set to vote to approve the combination...
Dune Acquisition Corporation (NASDAQ:DUNE) announced in an 8-K today that it has once again modified its agreement with sustainable energy firm Global Hydrogen. This amendment marks a reduction in Global Hydrogen’s equity value from $48 million to $43 million, alongside an increase in the available shares of common stock that is for the Global Gas Corporation...
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