MLAC News

The SPAC market is showing new signs of pressure as four merger agreements have been called off over the past two weeks. That represents 36% of the year’s 11 terminations, all of which have come in the second half of the year, mostly from deals announced in the first half. The news coincides with rising SPAC redemption rates and a decline in post-merger SPAC returns. November...read more

Malacca Straits Acquisition, a blank check company targeting a business in Southeast Asia, raised $125 million by offering 12.5 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50. At pricing, the company commands a market cap of $156 million. The company is led by ...read more

Malacca Straits Acquisition, a blank check company targeting a businesses in Southeast Asia, filed on Friday with the SEC to raise up to $125 million in an initial public offering. The Hong Kong-based company plans to raise $125 million by offering 12.5 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50. At the...read more