Singapore Exchange Moves to Create SPAC Listing Framework: Report

The New York Times DealBook asks, why are regulators trying to kill the SPAC?

SPAC listings continue to outpace levels seen in any previous year — but regulatory scrutiny might slow the waves of new listings in the months ahead, PYMNTS reports.

While the 8-K was short on specifics, the SPAC has been under federal investigation for alleged merger talks with Trump Media and Technology Group prior to Digital World's IPO. Such discussions would be illegal.

“Despite the challenging backdrop, the SPAC market continues to be a viable pathway to the public markets, but it certainly isn’t ideal for every company,” said Don Duffy, president of ICR.