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SoftBank

SoftBank's SPACs set for Tuesday listing on Nasdaq

Shell companies to raise $480m in push to acquire AI businesses

TOKYO -- SoftBank Group said on Monday that its two new special purpose acquisition companies, or SPACs, will be listed on the U.S. Nasdaq exchange on Tuesday.

The Japanese conglomerate will raise $480 million with the listings as it aims to acquire businesses in the artificial intelligence sector.

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