SPAC
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New SEC rule: Blank-check companies, acquisition targets must make more disclosures
Rules target deals involving SPACs – or shell companies that raise funds through a listing with the intention of acquiring a private company and taking it public.
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Top US securities regulator quashed Circle’s efforts to list through Spac
Banking veteran Bob Diamond sought to bring stablecoin operator to US stock market using blank-cheque company.
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SEC charges former SPAC CFO for orchestrating $5m fraud scheme
The SEC alleges that, from June 2021 through July 2022, Morgenthau embezzled money from African Gold and stole funds from another SPAC to pay for his personal expenses and to trade in crypto assets and other securities.