Former Barclays Chair Opines on SPAC Market Boom: Report

Seven new SPAC mergers were announced this week, while two previously announced SPAC targets began trading.

Digital World in July settled fraud charges with the commission for “making material misrepresentations” in its pre-IPO filings by failing to disclose that it already was pursuing the acquisition of Trump Media. The SPAC agreed to pay an $18 million penalty if the merger goes through.

Neil Jacobson calls himself the best salesman in the music business. Now, the salesman is looking to buy. Earlier this year, Jacobson founded Music Acquisition Corp. (MAC) — billed as the music industry’s first SPAC, Rolling Stone reports.

Creators of SPACs are valuing companies they seek to take public at the lowest levels since the boom began nearly three years ago.