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The Latest SPAC News and Rumors: February 10, 2022


The Latest SPAC News and Rumors: February 10, 2022

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

Latest SPAC News:  SoundHound extends partnership with Snap, and Shuaa Capital says it wants to launch more SPACs in ‘quick succession’ 

SoundHound Inc. Extends Partnership With Snap to Provide Auto Captioning

SoundHound Inc., a global leader in voice artificial intelligence, today announced it has expanded its partnership with Snap Inc. to provide auto captioning services for Snapchatter videos. SoundHound’s advanced automatic speech recognition (ASR) software and ability to convert speech to text in real-time enables Snapchatters to automatically add a complete transcription of the audio portion of the Snaps they create.

SoundHound is in the process of becoming a public company through its expected merger with Archimedes Tech SPAC Partners Co. (NASDAQ: ATSP).


Ahead of Its First SPAC Approval, Dubai’s Shuaa Capital Says It Wants to Launch More In ‘Quick Succession’

Dubai-listed investment bank Shuaa Capital is still in the final stages before its first blank-check company can be listed on the Nasdaq in the United States, but the bank is already eager to launch more SPACs in the near future.

“The intention is to raise the other SPACs within quick succession,” said Fawad Tariq Khan, managing director and head of investment banking at Shuaa Capital. In 2021, the bank said it wanted to set up three such companies with capital of $200 million each.