The Latest SPAC News and Rumors: March 28, 2022
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Swvl partners with Moove to rollout EV buses, and private equity firm PAG eyes $2B in Hong Kong IPO plan
Swvl and Moove Partner to Rollout EV Buses
Swvl, a global provider of transformative tech-enabled mass transit solutions, and Moove, the world’s first mobility fintech, today announced that they have entered into a partnership to scale Moove’s revenue-based vehicle financing model across the MENAP (Middle East, North Africa, and Pakistan) region, as well as expand vehicle classes to include electric buses. The partnership follows Moove’s recent $105 million Series A2 round.
Queen’s Gambit (NASDAQ:GMBT) entered into a definitive combination agreement with Swvl last year on July 28.
READPrivate Equity Firm PAG Seeks $2B From Listing as Hong Kong Widens IPO Market to SPACs, Non-Traditional Firms
PAG, one of Asia’s biggest private equity firms, is seeking a listing in Hong Kong to raise fresh funds as the stock exchange embraces more non-traditional entities such as blank-cheque firms to revive the struggling IPO market.
The investment firm, co-founded by Chinese deal maker Shan Weijian, submitted its application on Friday, according to exchange data. While it did not disclose any details, one market source said the initial public offering could raise up to US$2 billion to fund new deals.