Browsing Tag

SPACs

How to Fix SPACs – The New York Times

Lynn E. Turner, a former chief accountant for the Securities and Exchange Commission, described the proposed fix as "an excellent idea." Because sponsors are promoting, "here's what we're going to do during this period," he said, "they…

SPACs break 2020 record in just 3 months

Traders work during the opening bell on the New York Stock Exchange (NYSE) on March 5, 2020 on Wall Street in New York City. (Photo by Johannes EISELE / AFP) (Photo by JOHANNES EISELE / AFP via Getty Images)Photo by Johannes Eisele | AFP…

Short sellers are betting more against SPACs

Venture capitalist Chamath Palihapitiya.Mark Kauzlarich / Bloomberg via Getty ImagesBlank check funds are hot. Wall Street investors are increasingly betting against them.Short positions in Special Purpose Acquisition Companies (SPACs) are…

Why SPACs Might Go away Traders within the Chilly

The misalignments are severe.SPAC sponsors say they are putting their reputation on the line, especially if they plan to repeat the process. This applies to series sponsors such as tech investor Chamath Palihapitiya, experienced banker…