Federal Reserve Chair Jerome Powell comments on the state of financial markets during testimony before the U.S. Senate Committee on Banking, Housing, and Urban Affairs. Bloomberg has the video of his testomony. Watch.
Ackman recently told investors in his $4 billion SPAC, Pershing Square Tontine Holdings, that he’d return their money if the SEC approves a new vehicle he’s dubbed a “SPARC” or special purpose acquisition rights company.
everal companies that recently announced plans to go public by merging with a SPAC have raised cash to fund the deals by issuing convertible bonds.
A massive SPAC merger spurs a legal fight over Wall Street secrets.
The blank check boom on Wall Street is unlikely to be replicated in London, according to an executive at the UK’s top financial watchdog, even as it consults on liberalising rules for special purpose acquisition companies, Private Equity News reports.