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I'm no expert, but two of the key advantages noted for SPACs has been: * Lower fees * Less regulatory filings It seems that one reason big investment banks (
by coderintherye 4y ago
I'm no expert, but two of the key advantages noted for SPACs has been:
* Lower fees
* Less regulatory filings
It seems that one reason big investment banks (e.g. Goldman Sachs) are exiting the SPAC market is due to increased regulatory pressure, which may erase that advantage [1]
[1] https://seekingalpha.com/news/3844055-sen-warren-plans-to-bill-to-crack-down-on-spac-deals https://seekingalpha.com/news/3844055-sen-warren-plans-to-bi...
- hef19898 4y agoI agree that your number 2 is an advantage for the SPAC and the company using it. Being quite a fan of, reasonable, regulation I see it as a potential red flag. Ultimately, the numbers have to be public. When they are, it is too late for early investors to do proper due diligence so.