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Dubai-based Arrow Capital in $240m tech-focussed SPAC listing on Nasdaq

Arrow lines up with US venture capital firm Tribe, making more headway for SPACs Nasdaq s getting a lot of the SPAC dollars - and it s been sizeable. More than $73 billion was raised via SPACs last year. Image Credit: Bloomberg Dubai: It’s raining SPACs… Arrow Capital, an advisory firm with offices in Dubai and Mauritius, has closed a $240 million SPAC that, it says, will open up tech investment opportunities in the US for Gulf investors. Done in alliance with US-based Tribe Capital, a VC firm, the new SPAC – or Special Purpose Acquisition Company – is trading as ‘Tribe Capital Growth Corp I’ on Nasdaq.

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