RiverNorth takes stock of the SPAC market
Patrick Galley, CEO and CIO of RiverNorth Capital Management, on why there is still money to be made from SPACs.
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Patrick Galley, CEO and CIO of RiverNorth Capital Management, on why there is still money to be made from SPACs.
The top SPAC underwriter of 2021 is pausing its SPAC deals amid new rules proposed by the SEC, Bloomberg reported on Monday
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.
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.