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SEC official warns SPACs have “significant, undiscovered” issues

Updated : April 08, 2021 03:11 PM IST

SPAC listings bypass some safeguards that traditional IPOs offer which they make up for by offering big rewards.
SPACs have raised nearly $100 billion YTD, with over 300 listed blank-check firms.
SEC official warns SPACs have “significant, undiscovered” issues
Published : April 08, 2021 03:11 PM IST

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