SEC Chairman to Testify on SPAC Issues in House Committee Today

Fund ownership in SPACs isn’t the positive indicator it is for other stocks, Sportico reports.

Documents show Truth Social’s early backers include six businessmen outside of the Silicon Valley mainstream — including two executives from an oil company and a gym chain, several Republican donors, a former U.S. ambassador to Portugal and the head of a mail-order fruitcake company.

fter more than 100 new deals in March alone, issuance is nearly at a standstill with just 10 SPACs in April, CNBC reports.

SPAC investors and target businesses in other countries can raise national security and regulatory considerations, and in particular, the attention of foreign investment review mechanisms such as the Committee on Foreign Investment in the United States (CFIUS) and similar regimes in other countries, writes risk compliance and monitoring firm K2 Integrity.