Reported 26 days ago
After Hong Kong's first successful de-SPAC listing with Synagistics Ltd., the future of SPAC deals in the region remains precarious. Despite the company's share prices soaring initially, regulatory hurdles and stricter local requirements hinder progress for the other 13 special purpose acquisition companies (SPACs) seeking listings. Challenges include demands for private investments prior to deals and the need for approvals from China's securities regulator, contributing to a stagnant market environment for SPAC activities.
Source: YAHOO