The company’s listing was done through BurTech Acquisition Corporation, a Special Purpose Acquisition Company (SPAC) owned by BWI with a valuation of $1.2 billion
SPAC
Latest in SPAC
ADC
UAE’s first SPAC company ADC raises $200 mn from ‘Private Investment in Public Equity’ issue
The issue was oversubscribed 10 times
Cairo
Ride hailing start-up Swvl to cut one-third of staff, looks for profitable in 2023
The company, based in Cairo and Dubai, announced they would go public via a $1.5 billion SPAC merger last July
Abu Dhabi
Middle East’s first special purpose acquisition company soars in Abu Dhabi trading debut
Trading follows the conclusion of ADC’s public subscription to retail and professional investors, which started on 12 May 2022 and raised a total of AED 367 million through an IPO of 36.7 million shares
Abu Dhabi
Bahrain’s Investcorp considers listing a special purpose acquisition company in the UAE: report
Investcorp, which has previously backed luxury brands Tiffany & Co. and Gucci Ltd., is working with banks including Moelis & Co on setting up a regional SPAC
Averda
Dubai waste firm Averda said in Better World SPAC merger talks
Dubai-based Averda, led by chief executive officer Malek Sukkar, has more than 60,000 clients in sectors including oil and gas, automotive and hospitality