Aerwins Technologies is already taking orders for the XTurismo hoverbike which has a motorcycle-like body on top of propellers

Thiam's Freedom Acquisition I Corporation has parted ways with Pimco, which offloaded its stake to Next G, an affiliate of Zeng’s advisory firm China Bridge Capital

The SPAC plans to invest in Web3, blockchain, cryptocurrency, digital ledger, e-gaming and other new financial technology and services industries

Arm's inability to audit the financials of the unit, which contributed about one-fifth of revenue last year, is a big sticking point for a blockbuster public offering.

The SPAC announcement came less than two weeks after US regulators named five New York-listed Chinese companies that face delisting

Both exchanges spent last year preparing new rules to encourage SPAC listings after seeing hundreds of such flotations in the US and worrying that Asian firms would be lured away to list in New York

On the afternoon of their first day's trading, the stock declined to HK$9.70, down 3% from the offer price of HK$10, with only one live trade during the session

The move comes as China is set to unveil tougher rules for offshore capital raising by domestic companies, as regulators also want to subject investment banks to extra scrutiny.

Last month, Faraday said it had identified certain inaccurate statements made by its employees to investors and announced changes in its leadership structure

Encouraged by a flurry of Southeast Asian tech start-ups seeking funding, Singapore may list up to a dozen SPACs in the next 18 months

Novo Tellus Alpha Acquisition, which raised $111 million, traded at S$4.96 versus its initial public offering price of S$5 per unit

The second SPAC to debut in the city-state raised S$170 million ($126 million) and plans to invest in tech-enabled sectors