The Latest SPAC News and Rumors: July 13, 2021

Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. 

Latest SPAC News: SEC focuses on bank fee conflicts with SPACs, Policygenius in talks to merge with PWP Forward, and Temasek says some of its portfolio companies are looking at SPAC mergers

U.S. SEC Focuses on Bank Fee Conflicts As It Steps Up SPAC Inquiry 

The U.S. securities regulator has ramped-up its inquiry on Wall Street’s blank check acquisition frenzy, homing in on potential conflicts of interest created when banks act as underwriters and advisers on the same deal, three people with direct knowledge of the matter told Reuters.

The SEC is exploring whether certain fee structures may incentivize underwriters on SPAC listings to secure unsuitable deals when also advising on the later stage merger, potentially putting investors at risk.

Policygenius Is in Talks To Go Public Via Perella Forward SPAC

Online insurance marketplace Policygenius Inc. is in talks to go public through a merger with the blank-check company PWP Forward Acquisition Corp. I (Nasdaq:FRW), according to Bloomberg.

A valuation for the transaction hasn’t yet been finalized.

Temasek Says Some Of Its Portfolio Companies Are Looking At SPAC Mergers

Singapore state investment firm Temasek Holdings says it has observed a heightened interest among Southeast Asian companies to list via a SPAC, adding that some of its portfolio firms are looking to take advantage of the option.