New Rules will Finally Unlock the UK SPAC Market: Report

Financial Conduct Authority

Today, SPAC investors are waking up to a new landscape, Financial News London reports.

The Financial Conduct Authority’s changes to its listing rules for SPACs have finally come into play, meaning that investors are now permitted to exit prior to an acquisition being completed. Previously in the UK, a SPAC listing was suspended if it identified an acquisition target – locking investors into a SPAC as soon as a target was announced, and making them a less desirable investment route for UK investors.

In addition to investors now being allowed to exit before an acquisition is complete, further disclosures, such as ensuring money raised from public shareholders is ring-fenced and rules requiring shareholder approval for any proposed acquisition have also come into force. Read more.

Total
0
Shares
Related Posts
Thimble Point Acquisition
Read More

Pear Therapeutics Seeking a Financial Lifeline

Pear Therapeutics went public in December 2021 in a $1.6 billion deal with Thimble Point Acquisition. It has seen its share price go from a high of trading at $5.22 per share to penny stock value, hovering around 49 cents a share.