Arrow Capital co-sponsors $240 million Nasdaq tech SPAC
DUBAI, March 8, 2021 Arrow Capital, a regulated financial and investment advisory company, with offices in the Dubai International Financial Centre and Mauritius, announces the closing of the initial public offering of a $240 million technology SPAC, Tribe Capital Growth Corp. Arrow has co-sponsored the SPAC, in partnership with leading Silicon Valley venture capital firm Tribe Capital. Tribe Capital Growth Corp I’s units are trading under the ticker ATVCU on Nasdaq. The blank check company will seek a target in the technology sector, pursuing M&A opportunities with top private technology companies showing inflection points in their growth trajectory.
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- Tribe Capital Growth Corp I, a special purpose acquisition company (SPAC) with a focus on technology, has successfully raised $240 million in its initial public offering on The Nasdaq Capital Market.
- The SPAC was co-sponsored by Arrow Capital Group, a leading wealth management and investment advisory firm and Tribe Capital, a leading US venture capital firm.
- One of the first deals of its kind for a Middle East and South East Asia-based SPAC sponsor, investment demand for the SPAC was significant.
- Tribe Capital Growth Corp I will target the tech sector, potentially opening access to diversified investment opportunities for Gulf investors.
UAE s Arrow Capital Co-sponsors $240 million Nasdaq tech SPAC in partnership with Silicon Valley-Based VC Tribe Capital prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.