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The Delaware Court of Chancery yesterday denied a motion to dismiss a class action alleging that the directors and sponsor of a special-purpose acquisition company (a "SPAC")...
The Delaware Court of Chancery yesterday denied a motion to dismiss a class action alleging that the directors and sponsor of a special-purpose acquisition company (a “SPAC”) breached...
HyperloopTT is going public via SPAC at a time when appetite for SPACs is fizzling and hyperloop tech is nowhere near profitability.
Bankers, lawyers, and sponsors all said, “It’s different this time.” But it wasn’t.
The SEC approved a 372-page proposal of numerous rules regarding disclosures and procedural requirements for special purpose acquisition companies SPACs. The proposed rules would revise the requirements for target company financial statements in de-SPAC transactions.