Kingswood Closes $115M IPO, Adds $6.5M PIPE

The SPAC in its latest filing included an audited balance sheet that shows total stockholder equity of nearly $120 million after expenses. Kingswood is targeting the financial services sector for an acquisition. Read more.

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Brilliant Acquisition Swaps One Marcum for Another

Marcum had advised that a material weakness in internal control over financial reporting exists with respect to the SPAC's accounting for warrants and redeemable shares, and lack of controls needed to ensure that filings are made timely in accordance with SEC rules.