The Latest SPAC News and Rumors: June 3, 2022

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

Latest SPAC News: Traveloka nears $200 million funding after SPAC talks

Traveloka is Said Near $200 Million Funding After SPAC Talks 

Traveloka, Southeast Asia’s biggest online travel startup, is close to raising more than $200 million from investors after ending talks to go public via a merger with a blank-check company last year, according to people familiar with the matter.

The Jakarta-based firm is pulling in fresh funds after its board decided not to pursue a listing via Bridgetown Holdings Ltd.(NASDAQ:BTWN), a special purpose acquisition company backed by billionaires Richard Li and Peter Thiel. Traveloka, backed by investors including GIC Pte and Expedia Group Inc., is aiming for an initial public offering in the U.S. this year but the location and time could still change, the people said.