Just last month, special purpose acquisition companies celebrated a head-turning milestone by breaking their 2020 issuance record in just three-month’s time, CNBC reports. After more than 100 new deals in March alone, issuance is nearly at a standstill with just 10 SPACs in April, according to data from SPAC Research. Why? The SEC’s statement last week on accounting for warrants as liabilities, not assets. If it becomes law, SPACs would have to recalculate the value of their warrants every quarter before filing financial statements with the regulator. Read more.
SPAC Transactions Nearly Halt Amid SEC Crackdown, Cooling Retail Investor Interest
