Special purpose acquisition companies, or SPACS, had a red-hot start to the year, but recent accounting guidance from regulators helped cool things off in a hurry. The chief culprit for the cooling off was an April 12 statement from the Securities and Exchange Commission that analyzed warrants issued by an unnamed SPAC. The SEC announcement “temporarily brought the SPAC market to a halt,” says Jocelyn Arel, leader of Goodwin’s SPAC practice. Read the Barron’s article here. *Subscription required to view full article.
In The Press August 25, 2021