In The Press March 11, 2021

Booming SPAC Market Draws SEC Scrutiny (InvestmentNews)

As the use of special purpose acquisition companies has soared — giving ordinary investors a new way to get in on the ground floor of companies that will go public — the Securities and Exchange Commission is scrutinizing the potential dangers the new vehicle could pose to those investors. The number of completed SPAC IPOs has grown from 13 in 2016 to 248 in 2020, Jocelyn Arel, Technology and SPACs partner at Goodwin, told the SEC Investor Advisory Committee. Read the InvestmentNews article here.