Singapore Exchange unveiled new rules allowing special purpose acquisition companies (SPACs) to list in the city-state, after easing some measures viewed as too strict by participants, as it seeks to tap a global trend in such listings. SGX’s rules, effective …
Global regulators are teaming up to explore how to regulate blank check company listings after the vehicles earlier this year became the hottest thing in finance before being hit by increased scrutiny and a surge in lawsuits from angry investors. …
The legal tussle around special purpose acquisition companies (SPACs) intensified on Friday as a group of U.S. law firms hit out against lawsuits last week that called for blank-check firms to be regulated as investment companies. SPACs are acquisition vehicles …
Wall Street accountants and lawyers are trying to figure out new equity agreements to lure investors back to the blank-check company market after the U.S. regulator cracked down on the use of warrants, six industry executives told Reuters. They are …
U.S. securities regulator is considering new guidance to rein in growth projections made by listed blank-check companies, and clarify when they qualify for certain legal protections, according to three people with knowledge of the discussions. The previously unreported measures being …
Investor Jeremy Grantham says special purpose acquisition companies, which raise money in an initial public offering and then find a promising company with which to merge, are a “license to rip investors off.” On an investing podcast in February, the …
