{"id":829744,"date":"2024-07-05T10:18:12","date_gmt":"2024-07-05T04:48:12","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=829744"},"modified":"2024-07-05T10:18:12","modified_gmt":"2024-07-05T04:48:12","slug":"uk-based-it-firm-noventiq-scraps-spac-deal-to-list-on-nasdaq","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/07\/05\/uk-based-it-firm-noventiq-scraps-spac-deal-to-list-on-nasdaq\/","title":{"rendered":"UK-based IT firm Noventiq scraps SPAC deal to list on Nasdaq"},"content":{"rendered":"<p>London-headquartered information technology firm Noventiq and special purpose acquisition company Corner Growth Acquisition have mutually agreed to terminate their blank-check deal, the companies said on Thursday. The two last year struck a SPAC deal that would have resulted in the combined company being publicly listed on U.S. exchange Nasdaq. Blank-check firms, also known as SPACs, are shell companies that raise money in an initial public offering to merge with a private company and take it public.<\/p>\n<p>The deal has been scrapped as a result of the current unfavorable SPAC market conditions and other factors, the companies said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>London-headquartered information technology firm Noventiq and special purpose acquisition company Corner Growth Acquisition have mutually agreed to terminate their blank-check deal, the companies said on Thursday. The two last year struck a SPAC deal that would have resulted in the combined company being publicly listed on U.S. exchange Nasdaq. Blank-check firms, also known as SPACs, are shell companies that raise money in an initial public offering to merge with a private company and take it public. The deal has been scrapped as a result of the current unfavorable SPAC market conditions and other factors, the companies said.<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-829744","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/829744","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=829744"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/829744\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=829744"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=829744"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=829744"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}