You Searched For "spac projections" and got 20 results
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1 min read
The SEC is reportedly weighing stricter rules to rein in the wild projections made by SPACs as the blank-check craze slows
The US regulator is considering new guidance to curb growth projections made by listed special-purp…
Emily Graffeo
2 mins read
The SEC says it's looking closely at the wild earnings projections attached to many SPAC offerings
The SEC said a company would be on "shaky ground" if it disclosed favorable projections and omitted…
Isabelle Lee
2 mins read
The SPAC boom has become a 'mania' and sponsors should be more tethered to growth projections, former NYSE President Tom Farley says
Former NYSE President Tom Farley said SPACs have become a "mania" and valuations are "untethered fr…
Will Daniel
1 min read
Jim Chanos in an interview slammed SPACs for enticing investors to buy 'very bad businesses' and revealed he's shorting several of them
Legendary short-seller Jim Chanos told the Financial Times SPACs use lofty, often misleading projec…
Emily Graffeo
2 mins read
Long-term projections by some SPAC stocks are proving to be wishful thinking as Virgin Galactic misses 2021 revenue target by 98%
Nikola said during its SPAC IPO that it expected to generate about $150 million in revenue in 2021.…
Matthew Fox
2 mins read
The SEC is taking aim at SPACs with proposed rules to make disclosures more like those in a traditional IPO
The watchdog's proposal calls for more disclosures around conflicts of interest between sponsors an…
Shalini Nagarajan
2 mins read
SEC chief Gary Gensler says he's asked staff to propose tougher SPAC rules so that investors aren't sucked in by hype
"The investing public may not be getting like protections between traditional IPOs and SPACs," Secu…
Shalini Nagarajan
3 mins read
'SPAC King' Chamath Palihapitiya says blank-check companies need more oversight and regulation
"It is time to improve the regulations around the SPAC ecosystem with clear and rigorously enforced…
Will Daniel
3 mins read
SPACs are booming 'at the expense of retail investors', and regulators should take these 5 steps to fix the market, think tanks say
SPACs are "fueled by conflicts of interest and compensation to corporate insiders at the expense of…
Isabelle Lee
1 min read
Top SPAC issuer Citigroup will reportedly halt blank-check IPOs after the SEC signals tougher stance
The top SPAC underwriter of 2021 is pausing its SPAC deals amid new rules proposed by the SEC, Bloo…
Phil Rosen
1 min read
Goldman Sachs is exiting work on most SPACs because of liability concerns as regulators tighten guidelines, report says
The investment bank may change course if the SEC scales back its SPAC oversight guidelines, Bloombe…
Carla Mozée
2 mins read
Bill Gates says companies have gone from staying private too long to going public too soon and that he's avoiding 'low quality' SPACs
"We've kind of flipped from a world where companies would probably stay private too long, to now...…
Will Daniel
5 mins read
The SPAC market is booming, but there are plenty of bad buys. Here's what 8 experts say investors should be looking for in their next SPAC investment.
The recent SPAC boom has brought a wave of investors into risky early-stage businesses - and expert…
Emily Graffeo,Will Daniel
5 mins read
SPACs are the hot new way for startups to go public - and a booming 'side hustle' for people with star status
Last year 248 SPACs raised $83 billion and there are no signs of things cooling off. That's great n…
Adam Lashinsky
4 mins read
Why the 'trillion-dollar' markets touted by SPAC startups don't always add up
A close look at the so-called Total Addressable Market estimates used by startups involved in SPACs…
Adam Lashinsky
2 mins read
After raising $3.7 billion for 5 SPACs in 2020, investor Chamath Palihapitiya has reportedly confidentially filed for 7 more with the SEC
Chamath Palihapitiya's enthusiasm for SPACs may run even deeper than his Wall Street disciples and …
Bethany Biron
1 min read
Lucid Motors spikes 20% in public debut as CEO says it's well-positioned to compete with Tesla
Lucid expects to deliver less than 1,000 of its Lucid Air model in 2021, and about 20,000 vehicles …
Matthew Fox
1 min read
Digital-news outfit Vice Media is eyeing a $3 billion SPAC merger - half its worth 4 years ago, report says
That would be a discount from Vice's $5.7 billion valuation four years ago when it secured a $450 m…
Shalini Nagarajan
2 mins read
A-Rod's SPAC has reportedly ended merger talks with a sports collectibles maker after it lost a licensing deal with the NBA and NFL
The discussions ended, following news that Fanatics signed with other sports leagues such as the NB…
Isabelle Lee
2 mins read
Elon Musk says the SEC is sometimes too close to Wall Street hedge funds - and it's strange the regulator isn't clamping down more on some SPACs
Around $100 billion has already been raised across US SPACs so far this year, surpassing last year'…