These deals are generating a lot of interest because they produce big paydays for their creators, make it easier for startups in hot industries such as electric vehicles to capitalize on a frothy run-up in the stock market and offer everyday investors a new path to a hot stock, the Wall Street Journal reports. But is the invasion a sign of a market euphoria that can’t last? Read more.
Related Posts
India Startup Byju’s has at Least 3 SPAC Suitors: Report
India’s most valuable startup, the online education provider Byju’s, is reportedly in negotiations with multiple SPACs.
Hypen Group in Talks with Provident Acquisition: Report
Hong Kong-based Hyphen Group is in merger talks at around a $1 billion valuation.
2023 Developments in SEC Rule 102(e) Enforcement Against Auditors
2023 was significant in that we saw the SEC bring what appears to be the first enforcement actions against auditors in connection with SPACs as well as an auditor independence violation claim in a federal district court, rather than in an administrative proceeding.
What’s in Store for SPACs in 2022: Woodruff Sawyer Interviews Attorney Doug Ellenoff
PIPE financing is becoming more difficult to obtain, he says, while the sheer number of SPACs that will need to de-SPAC will inevitably lead to more liquidations.