The Latest Breaking News from SPAC

The U.S. index futures are pointing to a higher opening on Wall Street, reflecting traders’ hopes that the consumer price inflation data may prove benign.

It is unable to access hundreds of millions of dollars tied to a prospective merger with a blank check acquisition company.

Key Takeaways: Developing markets social media company Asia Innovations is planning a U.S. SPAC listing that could provide it with up to $350 million in new funds Company could represent a new generation of founding teams with Chinese roots setting up internet companies in Singapore to avoid stricter Chinese regulations

Everton have reportedly held preliminary discussions with LAMF Global Ventures Corp

Everton have reportedly held preliminary talks with a US-based special purpose acquisition company with regards to a takeover

Once touted as the SPAC King, Chamath Palihapitiya used blank check companies to take several private companies public. But as the SPAC craze dies out, the billionaire venture capitalist is now distancing himself from those particular investment vehicles.

Investors have "begun to waver as bad news keeps piling up around the deal," Politico reports

Ark Invest and Cathie Wood have bet on several space-related companies over the years. The ETF company also launched its own space ETF in 2021 to tackle the growing industry.

Key Takeaways: Everest Acquisition Corporation, a SPAC co-funded by Hony Capital and ABCI Capital, applied to list in Hong Kong with the aim of acquiring companies in the healthcare, consumer goods and green sectors