Page 14 - Stable Road News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Share this article Share this article NEW YORK, July 14, 2021 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of   Stable Road Acquisition Corp. ("Stable Road" or the "Company") (NASDAQ: SRAC). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 7980. The investigation concerns whether Stable Road and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  On July 13, 2021, the U.S. Securities and Exchange Commission ("SEC") announced that it had broug...

SEC Announces Charges in SPAC Fraud Caper, Warns of SPAC Risks The Securities and Exchange Commission (SEC) has charged a group of people and companies for misleading claims about a recent special purpose acquisition corporation (SPAC), assertions which stood to gain one CEO $200 million in shares. Facing charges are SPAC Brian Kabot, the SPAC’s proposed merger target Momentus, and Momentus’s founder and former CEO Mikhail Kokorich. All but Kokorich are in the process of settling for total fines north of $8 million for their roles in misleading claims about Momentus’s technology and...

James Langton A recent boom in the issuance of SPACs — shell companies that raise capital from investors to complete a future acquisition — has raised concerns about investor protection issues with blank-cheque companies. Now, U.S. securities regulators have charged the various players in a SPAC deal with alleged disclosure violations. The U.S. Securities and Exchange Commission (SEC) announced it has charged special purpose acquisition corporation (SPAC) Stable Road Acquisition Co., as well as its sponsor and CEO, Brian Kabot, with alleged securities violations, along with Stable Road’...

Share this article Share this article SAN DIEGO, July 13, 2021 /PRNewswire/ -- Shareholder Rights Law Firm Johnson Fistel, LLP, is investigating potential claims against Stable Road Acquisition Corp. ("Stable Road " or the "Company") (NASDAQ: SRAC) for violations of federal securities laws. On July 13, 2021, the U.S. Securities and Exchange Commission (SEC) made known that it has sued Stable Road, a special-purpose acquisition company. The allegation is that Momentus, a Company Stable Road was trying to acquire, lied about its technology, including a fake claim that its propulsion system ha...

All Eyes on SPACs and Congress, RIDE Plummets After Hours No new SPAC mergers, IPOs or S-1s on Monday as equity markets rose, though SPACs generally stayed flat-ish to down. Lordstown Motors is falling big after hours. Author: ** On a day that there were no new SPAC merger announcements, IPOs or new S-1s there was, however, a hearing in the House targeting the future of SPACs. In short, it could result in new legislation that takes away one of SPAC's perceived advantages over the traditional IPO: safe harbor protections for forward looking statements which could limit SPAC targets' freedom to...