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Last week (August 5-11), two SPACs completed their listings in the U.S. SPAC market, raising a total of US$570 million. They are: EQV Ventures Acquisition, which focuses on mergers and acquisitions in the energy industry, and Voyager Acquisition, which focuses on mergers and acquisitions in the healthcare industry.

Last week, a company completed a merger with a SPAC and was officially listed on the Nasdaq on August 5. It is Helpport Limited from Singapore (the merger was closed on August 2). The transaction was valued at over US$300 million.

Last week, a company publicly announced plans to merge with a SPAC, namely, Global IBO Group, a provider of integrated AIGC animation platform, announced its merger with SPAC: Bukit Jalil Global Acquisition 1.

Last week, two SPACs publicly submitted prospectuses to the US SEC, namely: Mountain Lake Acquisition, which expects to raise US$250 million; and Newbury Street II Acquisition, which expects to raise US$200 million.

Last week, in the U.S. SPAC & IPO market, no company had entered the U.S. capital market through traditional IPO methods. Only two companies publicly submitted prospectuses to the U.S. SEC, namely Malaysian aquaculture company Megan Holdings and music venue and restaurant operator: Notes Live. Notes Live designs, develops, owns and operates high-end music venues, open-air theaters and full-service restaurants and bars.

Special Purpose Acquisition Company, literally translated as "special purpose acquisition company", is essentially an equity investment product. It is usually initiated and established by an experienced financial management team and professional investors, and exists in the form of a "pure cash flow company (only cash, no actual business at the beginning)". After the establishment of the SPAC company, it will conduct the first round of financing and be listed on the US public securities market through an initial public offering (IPO), and use the funds raised from the public offering to acquire and merge with physical enterprises with listing potential, thereby helping the enterprise to complete the listing on securities markets such as the New York Stock Exchange and Nasdaq, and use the capital appreciation of the acquired enterprise to realize exit income.