Legislation, Regulation, and the Retail Investor
There has been much discussion this year about “protecting the retail investor”. In an effort to better understand how retail thinks about the SPAC asset class, we took a survey, which you can find at the bottom of this article.
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Cerberus Telecom (CTAC) Further Postpones Shareholder Vote
Cerberus Telecom Acquisition Corp. (NYSE:CTAC) has again postponed its special meeting to vote to approve its combination with internet-of-things (IoT) provider KORE Wireless.
The meeting, which was originally supposed to be held September 16th, but was first postponed to today, September 22nd, has been further postponed to next Wednesday, September 29th at 10:00 am. ...READ MORE
Argus Capital Corp. (ARGUU) Prices Upsized $265M IPO
Argus Capital Corp. announced the pricing of its upsized $265 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “ARGUU” Wednesday, September 22.
The Company intends to pursue a business combination in the media/entertainment/sports industry including “over-the-top” digital streaming, mobile gaming/interactive entertainment, and digital media, which can capitalize on the expertise of its management team. ...READ MORE
Over 55 Law Firms Have Now Joined the Recent Statement on SPAC Litigation
The list keeps growing….
In a follow-up to last week’s statement by leading law firms declaring that the recent lawsuits by former SEC commissioner and current NYU Law professor Robert Jackson and Yale Law School professor John Morley, were “without factual or legal basis”, an additional nine law firms have added their names to the list. ...READ MORE
49 Law Firms Unite and Push Back on Recent SPAC Litigation
The legal community signs statement declaring these suits are “without factual or legal basis”.
In response to the recent PR machine from former SEC commissioner and current NYU Law professor Robert Jackson and Yale Law School professor John Morley, which have put out multiple statements in the press noting they intend to litigate SPACs for Investment Company Act of 1940 issues, an astonishing 49 law firms have coalesced to release a response to these allegations. ...READ MORE
Cascadia Acquisition Corp. (CAAIU) Prices $150M IPO
Cascadia Acquisition Corp. announced the pricing of its $150 million IPO and its shares are expected to begin trading on the Nasdaq under the symbol “CAAIU” Thursday, August 26.
The new SPAC intends to focus its search on industry sectors that are being fundamentally reshaped by the introduction of advanced technologies, commonly referred to as “Industry 4.0.”. ...READ MORE
Law Firm White & Case Fires Shots Across the Bow
Posts a takedown of the recent lawsuits brought by former SEC Commissioner and Law Professor
In the ongoing saga surrounding the recent lawsuits brought by former SEC commissioner and current NYU Law professor Robert Jackson and Yale Law School professor John Morley, against Pershing Square Tontine Holdings, and more recently, GO Acquisition Corp. ...READ MORE
E. Merge and Go Acquisition Corp. Hit with Lawsuits Too
Former SEC Commissioner and Yale Law Professor Try to Outflank SPACs
Last week, Pershing Square Tontine Holdings (NYSE: PSTH) was hit with a lawsuit from former SEC commissioner Robert Jackson and Yale law professor John Morley, claiming that PSTH violated the Investment Company Act of 1940. ...READ MORE
Northern Star Investment Corp. II (NSTB) Postpones Meeting Again
Northern Star Investment Corp. II (NYSE:NSTB) announced in a press release this morning that it was once again forced to postpone its tentatively scheduled shareholder meeting to approve its combination with Apex Clearing Holdings. ...READ MORE
Ackman’s Pershing Square Tontine Still Seeking SPARC Structure
Pershing Square Tontine has had more twists and turns than a garden hose…
Last night, Bill Ackman posted a letter to the Pershing Square Tontine website laying out the current situation with the recently filed civil suit and how it affects the SPAC. ...READ MORE
Mudrick Acquisition Corp. II (MUDS) Terminates Topps Deal
Mudrick Acquisition Corp. II (NASDAQ:MUDS) has terminated its combination with collectible card-maker Topps after it announced it would not see a renewal of its foundational contract with Major League Baseball (MLB) for producing its signature cards. ...READ MORE
Pershing Square Tontine Faces Suit on Abandoned UMG Deal
Pershing Square Tontine Holdings Facing Lawsuit from Former SEC Commissioner and Law School Professor
By now, everyone new to SPACLand has probably figured out that it’s a real roller coaster over here. ...READ MORE