Finance

SPAC transactions come to a halt amid SEC crackdown, cooling retail investor interest

0


Traders work on the floor of the New York Stock Exchange (NYSE) on Friday.

Spencer Platt / Staff | Getty Images

SPAC mania has come to a screeching halt.

Just last month, special purpose acquisition companies celebrated a head-turning milestone by breaking their 2020 issuance record in just three-month’s time. After more than 100 new deals in March alone, issuance is nearly at a standstill with just 10 SPACs in April, according to data from SPAC Research.

The drastic slowdown came after the Securities and Exchange Commission issued accounting guidance that would classify SPAC warrants as liabilities instead of equity instruments. If it becomes law, deals in the pipeline as well as existing…



Source cnbc.com

I want to move to New York after college graduation. Can I afford it?

Previous article

Weekly mortgage demand jumps 8.6% as interest rates hit 2-month low

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Finance