Memo to SPACs: The Bar Has Been Raised
The SEC’s quandary is trying to solve a problem of incentives with a toolkit consisting exclusively of disclosure and enforcement actions.
Lordstown Motors May Run Out of Gas
The electric vehicle pickup truck maker issued a "going concern" warning, disclosing it didn't have the funds to start commercial production.
Acorns to Go Public Through $2B SPAC Deal
“Now was the time to go public to accelerate our growth and get the tools of responsible wealth-making in everyone’s hands as fast as possible."
Two More SPACs to Restate Financial Results
The restatements follow new SEC guidance on how SPACs should account for the warrants that they typically issue as part of initial public offerings.
SmartRent Going Public in SPAC Deal
The merger with Fifth Wall Acquisition values the smart home technology company at $2.2 billion.
SEC Could Reclassify SPAC Warrants And Hold Up New Filings: Report
Warrants could soon be considered liabilities instead of equity for accounting purposes.
WeWork to Go Public Via SPAC Merger in $9B Deal
The office-sharing startup is capitalizing on the SPAC boom following investor rejection of the IPO due to its losses.
SEC Cautions On Celebrity SPACs
“Celebrities, like anyone else, can be lured into participating in a risky investment or may be better able to sustain the risk of loss.”
Clover Health Shares Rally After Short-Seller’s Report
Hindenburg Research faulted the insurer for not disclosing it was under investigation by the U.S. Department of Justice.
Automotive Chip Company Agrees to SPAC Deal
Indie Semiconductor will go public through a blank-check merger to raise capital for its expansion efforts.
Electric Last Mile Delivery Vehicle Maker Chooses SPAC Merger
The company's Class I van will have the same price as gas vehicles and also 20% more cargo space, which could make it attractive to delivery companies.