Cash-Hungry Emerging Markets Arrive Late to the SPAC Party: Report

Ryan Schaffer, CFO of Expensify, a start-up that makes business expense reporting software, has been relentlessly hounded since last year, The New York Times reports.

In February 2021, B Capital filed paperwork with the SEC to raise $300 million for a SPAC, dubbed B Capital Technology Opportunities.

While she doesn’t think SPAC opportunities in the U.S. have dried up, investors should be looking abroad, Cohen said during a webinar hosted by the Economic Club of New York.

Digital World in July settled SEC charges that it misled the public by failing to disclose that it had formulated a plan to acquire Trump’s company prior to the SPAC’s IPO. Digital World will have to pay an $18 million penalty if the deal closes, the SEC said.