The Latest SPAC News and Rumors: January 4, 2022


The Latest SPAC News and Rumors: January 4, 2022

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

Latest SPAC News:  Pico acquires Redline Trading Solutions, Anghami delivers new user experience through partnership with Amazon Alexa, and Novo Tellus gets nod for SPAC listing

Pico Acquires Redline Trading Solutions

Pico, a leading provider of mission critical technology, data and analytic services for the financial markets community, today announced that it has acquired Redline Trading Solutions, a multi award-winning provider of high performance trading and market data software solutions.

On August 4, 2021, Pico announced that it had entered into a definitive agreement for a business combination with FTAC Athena Acquisition Corp. (Nasdaq: FTAA).


Anghami Delivers a New Interactive Experience Through Partnership With Amazon Alexa 

Anghami Inc., the leading music streaming platform and service in the Middle East and North Africa, is now providing users in KSA and UAE a seamless innovative experience by rolling out access to its skills in not only English but also in Arabic language through its partnership with Alexa, Amazon’s smart assistant technology.

On October 14, 2021, Vistas Media Acquisition Company Inc. (NASDAQ:VMAC), a SPAC led by CEO F. Jacob Cherian and co-founders Saurabh Gupta and Abhayanand Singh, and Anghami announced the submission of a Registration Statement on Form F-4 to the U.S. SEC with respect to their proposed business combination.


Singapore’s Novo Tellus Gets Nod for Local SPAC Listing, Sources Say

Singapore’s Novo Tellus Capital Partners has received permission from the city’s stock exchange to list its blank-check company, according to Bloomberg.

The buyout firm got the eligibility-to-list letter last month for its SPAC. Novo Tellus Acquisition Corp. plans to raise S$150 million ($111 million) to S$200 million from an initial public offering.