Energy & Sustainability M&A Activity – March 2021 - Corporate/Commercial Law mondaq.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mondaq.com Daily Mail and Mail on Sunday newspapers.
Draft norms on SPAC listing in GIFT city out
March 10, 2021
“Framework to facilitate issuers access capital”
India s Gift City regulator IFSCA is now looking to facilitate the listing of Special Purpose Acquisition Companies (SPACs) – which have been all rage in the US in recent months – in the stock exchanges under its supervision, clearly indicating its keenness to promote innovative methods for raising of capital and make Gift City a globally competitive financial platform for global issuers.
A new consultation paper issued by IFSCA now seeks public comments on its proposal to enact an “all encompassing framework to facilitate issuers access global capital”.
Matthew Tuttle is the chief executive and chief investment officer of Tuttle Tactical Management. This story is available exclusively to Insider subscribers. Become an Insider and start reading now.
Matthew Tuttle is the chief executive and chief investment officer of Tuttle Tactical Management.
He manages the $147.2 million SPAC and New Issue ETF, which has returned 12.94% this year.
Tuttle shares his three-part SPAC picking strategy and three of his favorite blank-check companies.
Just like the newly filed Do It Again Corp., SPACs are doing it again breaking the record month after month.
According to Goldman Sachs, 90 Special Purpose Acquisition Companies raised $32 billion in IPO capital in February, the largest issuance month on record. Year-to-date, 204 blank-check companies have raised $65.4 billion compared to the $83.4 billion raised by the 248 SPACs last year, according to SPAC Research.
Hong Kong is exploring whether to allow Special Purpose Acquisition Companies (SPAC) to list in the Asian financial hub, according to a government statement, indicating that a largely U.S. phenomenon could be going global.
Roger Staubach, Sammy Hagar and a Dallas Stars exec join the blank check company frenzy
The Dallas-based company is among the new breed of ‘special purpose acquisition companies’ looking to spend money in the sports, entertainment and media industries.
Former Dallas Cowboys quarterback Roger Staubach speaks alongside former Dallas Cowboys running back Emmitt Smith during a panel discussion at the Dallas Regional Chamber s annual luncheon at the Hilton Anatole in Dallas on Thursday, Jan. 18, 2018. (Rose Baca/The Dallas Morning News)(Rose Baca / Staff Photographer)
Dallas Cowboys legend Roger Staubach, Van Halen rocker Sammy Hagar and the chairman of the Dallas Stars are joining the exploding trend of blank check companies and are looking to raise $250 million to spend on sports, entertainment and media companies.