Business
Here’s everything investors need to know about SPACs – The Australian Financial Review
Special Purpose Acquisition Companies have roared back in popularity among entrepreneurs and venture capitalists, but they are also highly risky.
When they launch the SPAC, the sponsors generally either dont have a specific target in mind, or theyre not ready to name it in order to avoid the extensive paperwork and disclosures required by the Securities and Exchange Commission (SEC).
The early-bird underwriters and institutional investors, and the individual investors who generally come in later, typically have no idea exactly how the sponsors will spend the money. So early investors are basically relying on the sponsors reputation in th…
-
Noosa News14 hours agoMan dies in Brisbane crash, women and girl rushed to hospital
-
Business19 hours agoAre BHP shares are buy after its results?
-
General23 hours agoProductivity summit ends day two with progress on rules changes to boost housing supply
-
Noosa News20 hours agoChilling new details emerge in terrifying childcare centre incident in Peregian Springs on the Sunshine Coast