At least four SPACs have revised their IPO filings in recent months to remove China from their target areas, Bloomberg reports. The changes come as the U.S. securities regulator demands volumes of disclosures on the risks of doing business in China, while Beijing authorities are scaring the market with their widening crackdown on corporate excesses. Read more.
Related Posts
Will Private Equity Get Caught up in a SPAC Showdown with Regulators?
The SPAC market has cooled in recent weeks, with companies that went public by merging with a blank-check entity trading well off their highs, and a growing number of regulatory hurdles emerging for an investment strategy that often dominated financial news headlines in 2020, PitchBook reports.
London-Listed SPAC Launches Lloyd’s of London Investment Vehicle
Financials said it expects the new company to have enough capital to support up to £1B of capacity upon completion of the merger.
SPAC Litigation and Enforcement: Analysis
To minimize litigation and enforcement risk, it's critical to understand the key legal issues and practical considerations involved in each phase of a SPAC transaction.
BofA Scales Back on SPAC Work as Bank Retreat Accelerates
The Charlotte, North Carolina-based lender ended its relationships with some of the SPACs it helped take public while reviewing its policies for working with such vehicles.