A fight over whether certain SPACs are really investment companies took a turn, as a blank-check company co-founded by Noam Gottesman seized on newly proposed SEC rules to defend itself against an investor, Bloomberg reports.
The company, Go Acquisition, which Gottesman founded with Hertz Global Holdings Inc. Chairman Greg O’Hara, told a federal judge in a letter Thursday that the proposed rules “include a series of sweeping new disclosure requirements for SPACs to address issues such as conflicts and forward-looking statements.” Go said the SEC plan supports its defense of the case, which was filed in August. Read more.
