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U.S. SEC official warns Wall Street of risks associated with ["]blank-check companies["] like .... WeWork??
"We encourage stakeholders to consider the risks, complexities, and challenges related to SPAC mergers, including careful consideration of whether the target company has a clear, comprehensive plan to be prepared to be a public company," [Chief accountant Paul Munter] said in a statement.
ooo burn
Investors have sued eight companies that combined with SPACs in the first quarter of 2021, according to data compiled by Stanford University. Some of the lawsuits allege the SPACs and their sponsors, who reap huge paydays once a SPAC combines with its target, hid weaknesses ahead of the transactions.
The $9B PIPE caper
by Cat on Wed Mar 31st, 2021 at 10:30:53 PM EST
PIPEs, aka Private Investment in Public Equity. A vehicle for Private Equity companies, such as BlackRock, often to offer 'sweetners' to deals that yield large windfalls to the executives. A glorified brown paper bag full of money. A rose by any other name would smell the same.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Apr 1st, 2021 at 02:55:47 PM EST
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