An increasing number of acquisitions by blank check companies risk being derailed as retail investors fail to show up in sufficient numbers for critical shareholder votes on the deals, The Financial Times reports, citing industry executives. The difficulties represent an unexpected consequence of the Main Street popularity of Wall Street’s hottest asset class, and are forcing backers of special purpose acquisition companies to find new ways of turning out shareholder voters. Read more.
Retail Investor Apathy Threatens to Derail SPAC Deals: Report
