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Gensler on the Unprecedented Surge in SPACs to SEC - Vimarsana News

Gensler on the Unprecedented Surge in SPACs to SEC

Gary Gensler of the SEC remarked that capital markets are witnessing an unprecedented surge in non-traditional IPOs by special purpose acquisition companies, or SPACs. The SEC has already received 700 S-1 filings in 2021, compared to 13 such filings in all of 2016.