The Latest SPAC News and Rumors: September 23, 2021


The Latest SPAC News and Rumors: September 23, 2021

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

Latest SPAC News: Elizabeth Warren, other Senate Democrats raise concerns about SPAC incentives, Singapore startup Mirxes in talks to merge with Summit Healthcare, and IonQ partners with GE Research

Elizabeth Warren and Democrats Are Going After SPAC Kingpins 

Elizabeth Warren and other Senate Democrats are targeting some of the biggest names behind SPACs, questioning whether the once red-hot market will trigger outsized losses for retail investors.

In letters to six prominent operators of SPACs, the lawmakers highlighted concerns that insiders can take advantage of regulatory loopholes at the expense of shareholders.


Singapore Biotech Startup Mirxes in Talks For $1.2B SPAC Listing in US

Singapore biotech company Mirxes is in early talks to merge with Summit Healthcare Acquisition Corp. (NASDAQ:SMIH), a SPAC affiliated with veteran private equity healthcare investor Fu Wei, according to Business Times.


IonQ and GE Research Partner to Explore How Quantum Computing Could Impact Risk Management

IonQ, Inc., a leader in quantum computing, today announced an initiative in partnership with GE Research to explore the impact of quantum computing and IonQ’s quantum computers in the pivotal field of risk analysis.

The initiative is expected to lay the groundwork for risk management across key sectors including finance, government and others.

On March 8, IonQ announced it would go public via a merger with dMY Technology Group, Inc. III (NYSE: DMYI).