UK to Boost ‘Dormant’ Market for SPACs: Report

London Stock Exchange

The UK intends to overhaul stock exchange rules around blank-check companies as part of wide-ranging reforms to boost the attractiveness of London after Brexit, BusinessDay reports.

Company founders will also be able to keep greater control when they list their businesses in the city, according to a state-backed report. Read more

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Delaware Ruling May Create SPAC Havoc

In an opinion for a lawsuit against online retailer Boxed — regarding legal fees — Vice Chancellor Morgan Zurn concluded that Class A and Class B are two separate common stock classes, not series. Therefore, holders of the two categories of stock should get to vote separately. This, in turn, can invalidate previous and future votes if not done separately.