SEC Warns SPACs Aren’t a Way to Avoid Securities Laws April 9, 2021 By Ben Bain The U.S. Securities and Exchange Commission has a fresh warning for the booming SPAC market: Blank-check companies aren’t an end-around...
SPAC Mania Anxiety Grows; Bankers, Regulators, Insurers Try to Keep Pace April 1, 2021 By Gillian Tan, Ben Bain, Heather Perlberg and Crystal Tse Anxiety is growing that the wellspring of special-purpose acquisition companies, a 2020s echo of the dot-com mania of the 1990s,...
Hong Kong Developing SPAC Framework – But Lack of D&O Insurance Could Be Issue March 31, 2021 By Kiuyan Wong Hong Kong is expected to have its own blank check company listing framework ready in June for public feedback and...
SPACs Have Rocketed in U.S. but Europe Has Moved More Slowly. Here’s Why. March 29, 2021 By Supantha Mukherjee and Anirban Sen STOCKHOLM — “I get an email almost every morning from some SPAC seller telling me to do a SPAC with...
SEC Starting to Inquire About Risk Management of Blank Check IPOs: Reuters March 25, 2021 By Chris Prentice The U.S. securities regulator has opened an inquiry into Wall Street’s blank check acquisition frenzy and is seeking information on...
New Beazley Offering Targets D&O Exposures of Special Purpose Acquisition Companies March 11, 2021 Beazley has launched a directors’ and officers’ (D&O) product suite designed specifically for U.S.-domiciled special purpose acquisition companies (SPACs). Beazley’s...