Ackman’s Un-SPAC Elicits Shrug from Investors: Report

This would be the most significant blank-check company to list in Europe, following the boom in SPAC investing that has turbocharged US tech stocks over the past two years.

Warren's forthcoming "SPAC Accountability Act of 2022" would increase the legal liability for a range of parties involved in such deals, enhance investor disclosures and lock up for a longer period early investors which bankroll the deals.

Shareholder George Assad sued the blank-check company in August, less than a month after it abandoned plans for a deal with Universal Music Group

Aerospace private equity firm AE Industrial Partners (AEI) announced last month that it had reached an agreement to acquire a “significant stake” in Firefly after its largest shareholder, Ukrainian Max Polyakov, was forced to sell his shares over national security concerns. A recent FCC filing provides new details of the deal, including that it involves a special purpose acquisition vehicle.