bearish
The SEC is Handing SPACs a Death by a Thousand Cuts
SUMMARY
- SPACs have been on the back foot in recent months, aiming to close deals with unprecedented levels of uncertainty in the broader market, while also dealing with skepticism from investors and target companies after a dismal 2021
- While SPAC sponsors and dealmakers would have hoped for positive news, recent regulatory proposals from the SEC could take things from bad to worse
- The proposed rules are more far-reaching than previously anticipated and is expected to result in deals becoming much more lengthy and complicated, while also imposing a greater risk of legal liability on those involved
Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to:
- Unlock research summaries
- Follow top, independent analysts
- Receive personalised alerts
- Access Analytics, Events and more
Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.
Upgrade later to our paid plans for full-access.
or
Already have an account? Sign In Now
Discussions
(Paid Plans Only)
x