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Page 59 - சிறப்பு நோக்கம் கையகப்படுத்தல் நிறுவனம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Satellite constellation operator Spire Global to go public via $1 6 billion SPAC

Monday brings with it not one, but two space SPACS there's Rocket Lab, and there's Spire Global, a satellite operator that bills itself primarily as a SaaS company focused on delivering data and analytics made possible by its 100-plus spacecraft constellation. It will merge with a special purpose acquisition company (SPAC) called NavSight Holdings, in order to make a debut on the NYSE under the ticker "SPIR." The deal will provide $475 million in funds for the company, including via a PIPE that includes Tiger Global, BlackRock and Hedosophia.

CORRECTED-UPDATE 1-Hong Kong s Rosewood Hotel Group to file for SPAC listing

Hong Kong's luxury Rosewood Hotel Group, a unit of property developer New World Development , plans to file for a special purpose acquisition company (SPAC) listing, three people with knowledge of the matter said, adding to the recent rush for such deals. Rosewood, run by Sonia Cheng, the granddaughter of family-run NWD founder Yu-tung Cheng, has enlisted Credit Suisse and JPMorgan to lead the U.S. SPAC listing, which targets the consumer sector, two of the people told Reuters.

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