Good SPAC, Bad SPAC: Report

spac

Ever since the SEC’s spring crackdown on accounting for warrants, SPAC investments have wilted, Chief Investment Officer reports. But their excesses are being leached away. Read more.

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Surf Air Mobility Announces Anticipated Date for Direct Listing

The direct listing comes eight months after the company terminated a merger agreement with Tuscan Holdings II. The SPAC disclosed at the time that if Surf Air completes a direct listing, IPO, a SPAC transaction or a sale by Nov. 14, 2025, Surf Air will issue to Tuscan 600,000 shares and reimburse Tuscan’s expenses by issuing an additional 35,000 shares or paying the SPAC $700,000 in cash.