Health-Related SPACs Booming in Pandemic: Report

CrossingBridge noted that the fund only invests in pre-merger SPACs and is designed with the goal of exiting a position as soon as a business combination closes.

Goldman Sachs CEO David Solomon and his deputies, who’ve contended with mounting pressure to reward trainees this year, have been searching for ways to juice their own eight-digit pay packages, Bloomberg reports.

The recommended reference price of shares came in at $18, for the online jobs marketplace. ZIP stock popped 17.2 percent, closing at 21.10. Previously, the fair value per share was recommended at $25, as of April 19. Existing shareholders were offering about 86.6 million shares.

Chairman Gary Gensler said he is looking "forward to further recommendations from this committee" regarding SPAC regulation.