The Latest SPAC News and Rumors: August 2, 2021
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Grab’s sales jump ahead of merger
Grab’s sales jump 39% in Q1, ahead of record SPAC deal
Grab, Southeast Asia’s biggest ride hailing-to-food delivery group’s first-quarter adjusted net sales rose 39% to a record $507 million and the Singapore-based firm reduced its losses on the back of a strong performance in its deliveries business.
Grab, which is going public through a record merger worth approximately $40 billion with Altimeter Growth Corp (AGC.O) reiterated that it expects to complete the deal in the fourth quarter.