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Tag: SPAC

man throwing boomerang

SPACs: The Next Generation

man throwing boomerang

Just when most of us had mentally filed SPACs alongside pandemic-era sourdough starters and Zoom happy hours, special purpose acquisition companies—the blank-check vehicles that once raised billions with celebrity endorsements and minimal o...

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Mass Resignation of 23andMe Directors Caps Year Beset by Board Drama

DNA double helix

In the latest example of board-related drama in a year riddled with it, embattled genetic testing company 23andMe was dealt yet another blow last week when all seven of its independent directors resigned en masse over disagreements about th...

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Nasdaq, NYSE Propose Aligning Deadlines for SPAC Mergers, Delistings

conch shells on shoreline

The quest for uniformity between the major U.S. stock exchanges when it comes to mergers of special purpose acquisition companies took an interesting turn this week. First, a primer on recent events for the uninitiated. SPACs are shell comp...

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New Rules Have SPACs Down, But Not Dead

Broken down car on side of road

Soon after the Securities and Exchange Commission announced the final version of new rules to protect investors in special purpose acquisition companies, industry analysts and news outlets all but declared the so-called “blank-check” compan...

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zipper

Trump’s Loose Lips Risk Running Afoul of SEC

zipper

Restraint has never been Donald Trump’s strong suit. The former President seemingly lashes out at any perceived slight within earshot, leading to countless public feuds with everyone from Pope Francis to C-list celebrities to the mainstream...

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