Former Chief Financial Officer Of Two SPACs Pleads Guilty To Fraud Scheme
Damian Williams, the United States Attorney for the Southern District of New York, announced today that COOPER MORGENTHAU, the former chief financial officer of two special purpose acquisition companies (“SPAC-1” and “SPAC-2”),…
SPACs face fresh SEC threat for bullish forecasts – Bloomberg News
(Reuters) – The U.S. Securities and Exchange Commission (SEC) will propose limiting the legal protections that blank-check companies rely on to make bullish projections, Bloomberg News reported on Tuesday. The regulation will…
Two SPACs backed by billionaire Ken Moelis withdraw U.S. IPO plans
– Two special purpose acquisition companies (SPACs) backed by billionaire investment banker Ken Moelis have withdrawn their plans for initial public offerings in the United States, according to regulatory filings on Wednesday.…
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