Betsy Cohen, the founder of
Cohen commented on the recent SPAC crackdown by the Securities and Exchange Commision, adding that the SEC is concerned with making sure companies going public via SPAC provide well-grounded forward-looking statements.
Cohen On Buffett s SPAC Comments: Co-host Chris Katje asked Cohen to share her thoughts on Warren Buffett s comments on SPACs over the weekend.
In regards to the two-year time frame, Cohen said that two years is a reasonable cycle. It shouldn t take a knowledgeable sponsor longer than two years to do the work, she said.
As far as SPACs making it harder for Buffett to acquire companies, she said: I m not sure I buy into that.
D8 Holdings Corp. (NYSE: DEH)
concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its merger with Vicarious Surgical Inc.
If you are a D8 Holdings shareholder,
.
Halper Sadeh LLP is investigating whether these companies and their boards of directors acted to: (i) maximize shareholder value; (ii) conduct a fair sales process; and (iii) disclose all material information to shareholders in connection with the merger.
Shareholders are encouraged to contact the firm
free of charge to discuss their legal rights and options. Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email [email protected] or [email protected].
Apr 28, 2021
Hope for positive deal flow and pops fizzled a bit today as both new SPAC deal announcements received disappointing reactions from the market.
Marquee Raine Acquisition Corp (MRAC) fell -0.3% to $9.89 and
Galileo Acquisition Corp (GLEO) fell -0.5% to $10.02. This continues yesterday s theme of underwhelming deal announcement enthusiasm.
It could still be the case of a back and forth broader stock market, fed speak, and investor attention focused on a deluge of corporate earnings. However, if I m a SPAC waiting to announce a deal based on market conditions then today s results don t instill confidence to move ahead.
Here s a look at how other recently announced SPAC deals ended the day:
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NEW YORK, April 26, 2021 /PRNewswire/ Moore Kuehn, PLLC, a law firm focusing in securities litigation located on Wall Street in downtown New York City, is investigating potential claims concerning whether the following proposed mergers are fair to shareholders. Moore Kuehn may seek increased consideration, additional disclosures, or other relief on behalf of the shareholders of these companies:
D8 Holdings Corp. (NYSE: DEH)
D8 Holdings has agreed to merge with Vicarious Surgical. Under the proposed transaction, D8 Holdings shareholders will retain ownership of only 22.3% of the combined company.
Mer Telemanagement Solutions Ltd.(NASDAQ: MTSL)
Mer Telemanagement Solutions has agreed to merge with SharpLink. Under the proposed transaction, Mer Telemanagement shareholders will own only approximately 14% of the combined company
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