Itâs a big loud acquisitions mania, and no one knows how it will end
SPACs are hot, but has this way of taking a company public created a risky game of musical chairs?
By Scott Kirsner Globe Correspondent,Updated April 11, 2021, 4:21 p.m.
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SPACS offer a shortcut to the stock market. But some experts worry that their rapid rise may not be sustainable.Michael Nagle/Photographer: Michael Nagle/Bloo
There are more than 400 companies running around with boxes of cash, looking to buy other businesses. Some, known as special purpose acquisition companies, or SPACs, are based in Massachusetts, and some of the companies they are considering buying are based here.
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Directors and Officers of the Resulting Issuer
Following the Closing, the proposed directors, officers and other insiders of the Resulting Issuer are expected to be:
Andrew Kiguel – Chief Executive Officer and Director
Mr. Kiguel is an accomplished executive with leadership experience in Canadian capital markets, corporate governance and entrepreneurship. He co-founded Tokens and has served as its CEO and as a director since incorporation. Prior to co-founding Tokens, he was the co-founder, CEO, President and a director of Hut 8 Mining Corp. (“
Hut 8”), one of the largest publicly-listed bitcoin miners in the world. Prior to that, he spent over 18 years at GMP Securities LP in investment banking, with his most recent title as a Managing Director.
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