The report focuses on addressing dilution risk, the protection of retail investors, and the "significant backlog" of SPACs seeking to avoid liquidation.
May 11, 2023The duo used non-public information in advance of at least 7 merger announcements involving SPACs to earn illicit profits of more than $3.4mn.
April 3, 2023The former CFO embezzled money from a SPAC to pay for personal expenses and trade in meme stocks and crypto assets. He also incorporated two other SPACs to conceal his theft.
January 6, 2023VC firms, sovereign wealth funds, and PE funds that set up in the Qianhai free-trade zone will be given cash grants, rental subsidies, and other rewards.
September 5, 2022SEC chairman Viraj Dayaratna said the CSE will introduce new products, including paper gold, SPACs, Islamic products, structured warrants and green bonds.
August 31, 2022New rules from the SEC have reportedly prompted Goldman, Bank of America and Citigroup to scale back their involvement in SPAC deals.
May 18, 2022The MCA's Company Law Committee says says Indian SPACs should be recognised and allowed to list on domestic and global exchanges.
April 22, 2022The proposal aims to provide SPAC investors additional disclosures and protections similar to those they would receive in an IPO.
April 1, 2022Aquila Acquisition Corporation was the first SPAC in Hong Kong to win approval from HKEX for a listing since the city's SPAC listing regime was introduced.
March 18, 2022Mainland investment banks cannot act as SPAC promoters in Hong Kong, but commercial bank-affiliated institutions can.
March 14, 2022