The Latest SPAC News and Rumors: December 29, 2021
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: FiscalNote acquires South Korea-based alt data solutions provider Aicel Technologies, Securities and Exchange Board of India waits for further regulatory clarity
FiscalNote Announces Agreement to Acquire South Korea-Based Alternative Data Solutions and Software Leader Aicel Technologies
FiscalNote, a leading AI-driven enterprise SaaS company that delivers legal and regulatory data and insights, announces it has entered into a definitive agreement to acquire Aicel Technologies, a rapidly-expanding, Seoul, Korea-based alternative data company that provides unique alpha-capturing dataset solutions and extracts value and actionable insights to drive business solutions for emerging fintech markets around the world.
On November 8, 2021, FiscalNote and Duddell Street Acquisition Corp. (Nasdaq: DSAC) announced they have entered into a definitive business combination agreement that, upon closing, will result in FiscalNote becoming a publicly listed company with a pro forma market capitalization of approximately $1.3 billion.READ
Sebi To Wait and ‘Watch’ For Further Regulatory Clarity Around SPAC Policy
Even as the chorus around forming a SPAC policy to help global/domestic listing of new-age tech companies grows, the capital markets regulator, the Securities and Exchange Board of India (Sebi) has ruled out any immediate steps in this regard.
The regulator said there was no pressure now, as many such firms are already being traded on the domestic bourses and also because there is a lot of regulatory clarity needed for such a policy.READ