Global regulators are teaming up to explore how to regulate blank-check company listings after the vehicles earlier this year became the hottest thing in finance before being hit by increased scrutiny and a surge in lawsuits from angry investors, Bloomberg reports.
In total, 46 securities regulators joined the SPAC Network formed by the International Organization of Securities Commissions to share information on SPACs.
The group is seeking to answer questions such as whether SPACs provide a useful alternative to IPOs and private equity, or whether they just exploit loopholes. It’s also looking at whether investors gain better valuations via SPACs and what kind of disclosures are needed. Read more.
