Entire Section

  • Announcement of De-SPAC Transaction

    • 18B.44

      A SPAC must make an announcement of the terms of a De-SPAC Transaction as soon as possible after the terms of the De-SPAC Transaction have been finalised.

    • 18B.45

      The content of the announcement referred to in rule 18B.44 must comply with rules 14.58 to 14.62, as applicable.
       
      Note:   The Exchange may issue guidance on the Exchange’s website, as amended from time to time, on requirements regarding the contents of the announcement referred to in rule 18B.44.
       

    • 18B.46

      A SPAC must submit the announcement referred to in rule 18B.44 to the Exchange prior to publication and must not publish it until the Exchange has no further comments on the announcement.

    • 18B.47

      A SPAC must state in the announcement referred to in rule 18B.44 when it expects the listing document for the De-SPAC Transaction to be issued.

    • 18B.48

      A SPAC must comply with all applicable rules regarding notifiable transactions and reverse takeovers, including rules 14.35 to 14.37, 14.54 to 14.57 and 14.57A.