The Latest SPAC News and Rumors: August 19, 2021


The Latest SPAC News and Rumors: August 19, 2021

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.


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.