SEC and DOJ Enforcement Actions Aim to Bring SPAC Market Back to Earth

July 30, 2021

What do space exploration, electric cars, and Lady Gaga’s music label have in common? All three were involved in SPAC transactions this year, and all three transactions caught the attention of Gary Gensler’s SEC. These three actions all show the SEC taking a more aggressive approach to regulation, which may result in significant penalties or the interruption of SPAC mergers, reaching even beyond the Earth’s orbit.

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