Hypen Group in Talks with Provident Acquisition: Report

A former nominee for director of the blank-check company that plans to merge with former President Donald J. Trump’s social media start-up is suing, claiming he was frozen out of the deal.

It’s unclear if Robinhood has chosen a direct listing or a traditional IPO, sources said.

Regulators in the EU and Asia have already issued rules and guidelines to allow the issuance of SPACs in those jurisdictions, and it’s unlikely that deal activity will come to a complete halt in the United States. As such, compliance teams must understand the risks that these entities can pose to their firms.

The slowing SPAC craze is a good thing because it allows investors to better evaluate them, culling out the best, according to a panel of asset managers.