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RiverNorth takes stock of the SPAC market

October 30, 2023

Patrick Galley, CEO and CIO of RiverNorth Capital Management, on why there is still money to be made from SPACs.

Patrick Galley Special Purpose Acquisition Vehicle Blank Cheque Blank Check Initial Public Offering Pac Regulation

Source: thebanker.com

Citigroup to Pause Work on SPAC IPOs After SEC Rules, Report Says

April 5, 2022

The top SPAC underwriter of 2021 is pausing its SPAC deals amid new rules proposed by the SEC, Bloomberg reported on Monday

Mi Exclusive Gary Gensler Blank Check Companies Pac Regulation Special Purpose Acquisition Company Hil Rosen

Source: businessinsider.com

Gensler Compares SPACs to Traditional IPOs in New Statement

December 14, 2021

SEC Chair Gary Gensler made news again last week with a series of statements regarding SPACs, noting their similarities with traditional IPOs and hinting at future regulatory action aimed at these investment vehicles.

Gary Gensler Division Of Corporation Finance Division Of Enforcement Healthy Markets Association Conference Chair Gensler Corporation Finance Acting Director Coates

Source: natlawreview.com

House Financial Services Committee Investigating SPACs

December 6, 2021

House Financial Services Committee cleared two proposals in connection with SPAC transactions. The first bars investment advisors from marketing SPACs to retail investors; the second excludes certain SPACs from safe harbor protection in place for forward-looking statements.

Gary Gensler Holding Spacs Accountable House Financial Services Committee Securities Exchange Small Business Capital Formation Advisory Committee On Representative Brad Sherman