SEC’s SPAC Rules Set to Limit Rosy Projections That Fueled Mania January 31, 2024 By Bailey Lipschultz At the height of the SPAC boom, liberated startups capitalized on the ability to tout lofty goals about the years...
SEC to Impose Tougher Rules on Blank-Check Deals as SPACs Fizzle January 24, 2024 By Lydia Beyoud Wall Street’s main regulator on Wednesday is set to demand more investor protections for deals involving special purpose acquisition companies,...
SPAC Mania’s Ugly End Yields $46 Billion of Investor Losses in 2023 December 27, 2023 By Jonathan Randles and Amelia Pollard Wall Street’s affair with blank-check firms, the finance fad that pushed companies onto the stock market during the COVID-19 pandemic,...
London SPAC to Test Shareholder Appetite for Lloyd’s of London Venture October 31, 2023 By Carolyn Cohn and Pablo Mayo Cerqueiro Financials Acquisition Corp. said Monday it would ask shareholders to back its planned merger with its newly formed insurance venture,...
Billionaire SPAC Kings Dragged to Court After Boom Goes Bust June 2, 2023 By Bailey Lipschultz The unwinding of the blank-check stock frenzy, one of the hottest pandemic-era trends on Wall Street, is playing out its...
Ex-CFO Gets 3 Years Prison for Stealing From SPACs to Trade Meme Stocks, Crypto May 1, 2023 By Luc Cohen A former chief financial officer of multiple special purpose acquisition companies (SPACs) was sentenced to three years in prison for...
Great SPAC Crash of 2022 Deepens as Investors Cash Out in Droves December 15, 2022 By Bailey Lipschultz The great SPAC crash is closing out the year in dramatic fashion as more shareholders prepare to cash out of...
Financial Firms to SEC Over Proposal to Regulate SPACs: ‘Don’t Kill the Industry’ June 15, 2022 By Katanga Johnson U.S. financial industry groups are pushing to water down a draft Securities and Exchange Commission (SEC) rule aimed at reining-in...
Global Banks Flee the Monster SPAC Market They Helped Create May 10, 2022 By Katherine Doherty Just a few years after banks helped create a gargantuan market for blank-check companies, they’re pulling away from the deals,...
Hong Kong-Based Digital Assets’ Insurer Weighs SPAC, Partners With Munich Re April 12, 2022 By Sarah Zheng OneDegree, a Hong Kong-based insurer of digital assets, has been approached by investment banks about going public through a blank-check...