The International Stock Exchange (TISE) has revised its listing rules to attract Special Purpose Acquisition Companies (SPACs).

SPACs activity has surged in 2021. The UK has now launched a new SPAC listing regime which came into effect on 10 August.

TISE initially introduced rules for listing SPACs in 2015 but has recently revised them to align with developing market trends.

Dual share class structures (and founder shares) will now be permitted, subject to certain provisions and disclosure requirements.

Issuers seeking to complete qualifying acquisitions must give shareholders the option to redeem, o...