Goldman Sachs Group Inc. is pulling out of working with most SPACs it took public, spooked by new liability guidelines from regulators and throwing into doubt the fate of billions raised for those blank-check vehicles.
SPACs, or blank-check firms, list on public stock exchanges to raise money so they can buy other companies. New guidelines from the Securities and Exchange Commission have helped put an end to the party.
The SEC has embraced a sweeping plan for tightening oversight of SPACs including exposing underwriters to greater liability risk. U.S. lawmakers and investor advocates have argued the listings were bypassing rules imposed on traditional initial public offerings and exposing retail shareholders to extra risks.
Brooks wrote:I see the state of Israel is being publicly awful to its minorities again, this time at a funeral.
poprock wrote:I’m just catching up on the news and … Sweden & Finland are formally applying to join NATO tomorrow, but Turkey is going to block them from joining. Is that about the size of it?
dynamiteReady wrote:So... Straya's fixed now, right?
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