ADQ and Chimera Capital set up Abu Dhabi’s first SPAC

ADQ and Chimera Capital set up Abu Dhabi’s first SPAC

Abu Dhabi state holding firm ADQ and investment firm Chimera Capital have set up a blank-check company that will raise $99.93m and list in the capital, according to a statement on Tuesday. The United Arab Emirates’ Securities and Commodities Authority in January...
Bain Capital-backed blank-check firm scraps U.S. IPO plans

Bain Capital-backed blank-check firm scraps U.S. IPO plans

A blank-check vehicle backed by venture capital firm Bain Capital has withdrawn plans for a U.S. initial public offering, according to a regulatory filing on Tuesday, joining a slew of companies that have canceled listings this year. BCC Investment Corp’s withdrawal...