Raising Funds Becomes Easier with New SEC Rules: Report

PSTH has never held investment securities that would require it to be registered under the Act, and does not intend to do so in the future," Ackman said in a statement.

It’s been nearly a year and a half since the SPAC and Okada Manila, the world’s only Japanese-owned integrated resort, announced merger plans in a deal valuing the casino operator at $2.6 billion. The transaction has been hamstrung by namesake founder Kazuo Okada’s often forceful efforts to reclaim his spot at the company, including a brief physical takeover of the hotel last year.

The article takes a closer look at today’s challenges and, more importantly, what SPACs can do to maintain control in a social media-dominated world.

Abacus Life is pushing ahead with a merger with Terry Pegula’s East Resources Acquisition despite the fact that 92% of shareholders in the SPAC have swapped their stock for their money back.