Articles Tagged with Stable Road Acquisition Company

Chicago-based Stoltmann Law Offices is investigating Special Purpose Acquisition Companies (SPACs). All the rage on Wall Street, “SPACs” are companies created to acquire or fund other firms by sidestepping much of the due diligence paperwork of traditional initial public offerings. These “blank check” entities can present problems for investors, however.

Both FINRA, the U.S. securities industry regulator, and the Securities and Exchange Commission (SEC) are probing SPACs. Earlier this year, the SEC began to focus on SPACs.  The agency “wanted information on SPAC deal fees, volumes, and what controls banks have in place to police the deals internally,” according to Reuters.

SPACs have surged globally to a more than $170 billion this year, outstripping last year’s total of $157 billion, Refinitiv data showed. Although SPACs have become popular with hedge funds and companies quickly raising capital, investors often have no idea what SPAC operators will buy.

CNBC
FOX Business
The Wall Street Journal
Bloomberg
CBS
FOX News Channel
USA Today
abc NEWS
DATELINE
npr
Contact Information