New rules proposed by the Securities and Exchange Commission (SEC) governing disclosure won’t necessarily sound the death knell for special purpose acquisition companies (SPACs). But a chilling effect looms. We’re almost at the end of the first quarter of 2022, and market volatility reigns. Part...
Special purpose acquisition company (SPAC) sponsors embellishing projections about the companies they’re taking public might be seeing harsher ramifications soon, according to a Tuesday (March 29) Bloomberg report. The U.S. Securities and Exchange Commission (SEC) said it plans to propose curbing legal protections that some...
New directives governing special purpose acquisition companies (SPACs) could be recommended by the U.S. Securities and Exchange Commission (SEC) at its open meeting on Wednesday (March 30). An agenda released by the SEC indicated that the agency will consider proposing rules that would affect SPACs, the use...
Coincheck this week became the 10th cryptocurrency firm to agree to a reverse merger with a special purpose acquisition company (SPAC) since last year, while stablecoin platform Circle and mining companies BitFuFu and Bitdeer hope to go public this year, according to a Bloomberg report....
Japanese cryptocurrency exchange Coincheck is preparing to go public on the Nasdaq via a special purpose acquisition company (SPAC) merger worth $1.3 billion, Bloomberg reported Wednesday (March 23). Coincheck expects to complete the merger with Thunder Bridge Capital Partners IV in the second half of...
In the land of special purpose acquisition companies (SPACs), turbulence lies ahead. To that end, as noted by Reuters, SPACs have been embracing any number of tactics to lure investors — and to keep them there. Churn is tough for any company to navigate —...
The Hong Kong market saw its first special purpose acquisition company (SPAC) deal close Friday (March 18), with several more on their way. As The Wall Street Journal reported, Aquila Acquisition Corp.’s $128 million fundraise marks Hong Kong’s attempt to establish itself as a haven...
Chinese startups on track to go public with blank-check firms are facing challenges as Beijing tightens scrutiny on overseas investors, executives told Reuters. “We badly need capital to help us grow,” Tian Rui, general manager of Chaincomp NonTechnology, a provider of Internet of Things and...
Dealmakers looking at taking companies public through special purpose acquisition company (SPAC) mergers are having trouble finding investors, and have been making short-term agreements with alternative asset managers and private equity groups, Financial Times reported Monday (March 7). The agreements have shown the struggles faced...
