UAE’s Arrow Capital co-sponsors $240 million Nasdaq tech SPAC in partnership with Silicon Valley-Based VC Tribe Capital

UAE’s Arrow Capital co-sponsors $240 million Nasdaq tech SPAC in partnership with Silicon Valley-Based VC Tribe Capital

DUBAI - Arrow Capital ("Arrow"), 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 I. 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.The SPAC listing marks an exciting step for Arrow and its investor base in the Middle East and South East Asia. The deal marks a first for Arrow Capital, which joins an elite, exclusive group of Middle East investment firms, including Abu Dhabi's Mubadala Capital and Saudi Arabia's Public Investment Fund who were both involved in recent SPAC investments earlier this year.  The listing is the culmination of Arrow's 12 months of intense due diligence and risk assessment to identify the right SPAC co-sponsor. In its collaboration with Tribe Capital, Arrow has partnered with one of the most prominent venture capital firms in Silicon