Tag: SPAC
SubscribeDelaware Court Decision Adds to SPACs’ Woes
Not so long ago, special-purpose acquisition companies – more commonly known as SPACs – were Wall Street’s next big thing. The blank-check entities unofficially became a fad around the time SPACs affiliated with celebrities such as Shaquill...
Read MoreWhat Does Gary Gensler Have Against SPACs?
The growth of special-purpose acquisition companies – commonly known as SPACs – represents one of the investing world’s biggest stories in recent years. According to Securities and Exchange Commission Chair Gary Gensler, initial public offe...
Read MoreSpacy SPAC Deal Prompts SEC Enforcement
After talking for months about applying stricter scrutiny to special purpose acquisition companies, the Securities and Exchange Commission has started making good on its promise. The SEC announced charges earlier this month against multiple...
Read More3 Things the BuzzFeed Merger Tells Us About SPACs
It’s everyone’s favorite spot for personality quizzes, news about celebrity Instagram posts and viral videos of food absurdities. Now thanks to a special purpose acquisition company – more commonly known as a SPAC – BuzzFeed is about to hav...
Read MoreAccounting Issues Warrant Caution on SPACs
If you need proof that no good deed goes unpunished, look at Luminar Technologies. Like so many other companies in recent years, it went public through a SPAC merger. But when it did the right thing and posed an accounting question to the ...
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