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> There is still a simple solution to the "SPAC problem" - don't let them list. OK - but how are you going to discriminate between SPACs and other c-corps? I d
by nordsieck 3y ago
> There is still a simple solution to the "SPAC problem" - don't let them list.
OK - but how are you going to discriminate between SPACs and other c-corps? I don't think a porn style "I know it when I see it" test is going to work here.
- nocoiner 3y agoIt’s actually pretty easy, no? A SPAC has requirements that it has to meet - no operating business, only nominal assets, a limited period of time in which it must transact. But like another poster observed, not letting a SPAC list completely obviates the sole purpose of a SPAC (which I personally think would be an excellent outcome).
- MR4D 3y agoThe SEC already does. [0] [0] - https://www.sec.gov/corpfin/disclosure-special-purpose-acquisition-companies https://www.sec.gov/corpfin/disclosure-special-purpose-acqui...