Tuesday, April 16, 2024 11:53:58 PM
Haven't kept up with how it's totally turning out, but do see that it not going back to what it was in 2021. Not sure it matters, DWAC/DJT scam is grifting enough to make up for any of that. Posted some of this in a discussion a while back on another board;
.....Twenty or so years ago you'd have a ten year period with less than 20 SPACs, generally increasing over the years. In a five year period 2016-2020 there was around 400, then 2021 they starting printing them out like no tomorrow to over 600 for that year alone. Didn't matter what they were selling or what the fundamentals were, a convincing story and a pump job combined with some heavy manipulation and SPAC meme they will go with a big take for the sponsors.
2022 comes around and the SEC comes in proposes some new rules cracking down on all that, which they are still hashing out, but it did subdue the SPAC's down a bit. Less than a 100 in 2022 and pretty slow this year. Amongst a whole lot of other things SEC proposed enhanced and additional disclosures regarding a list of things including disclosures on conflicts of interest, dilution, and the SPAC sponsors themselves.
But the stickiest is the liability clauses. One of the main reasons for the shut down, the underwriters and banks put a moratorium on the SPAC money.
The SEC proposal if fully implemented, the de-SPAC target company would be deemed a co-registrant alongside the SPAC, thereby making it an issuer and its executive officers and directors subject to liability under US securities laws. Along with that the underwriters would carry potential liability with the sponsor or company making claims that usually are not realized.
Page 178 https://www.sec.gov/files/rules/proposed/2022/33-11048.pdf
....not sure how watered down everything is going to end up, but I have seen a change in the filings and disclosures and the "carefulness" pushing out SPAC's. In time, we'll have to see what effects any rules will have, but I do believe we'll be in a better and/or different environment for the SPAC business. At least a slower one and maybe more focus on what they're selling and how they're selling......
Still believe that an orderly SPAC system can be used for some situations, only hope that the criminals grifting off of this one will get their comeuppance at some point, but have my doubts. Crime seems to pay in their world. All I can do is get my cut. Took my cut on the way up, taking my cut on the way down. A little slimy, but I'll get over it. lol
.
Recent DJT News
- Lucid Drops 15% on New Share Offering; Phunware Continues to Rise in Pre-Market; Meta and Deere Cut Jobs • IH Market News • 10/17/2024 10:39:18 AM
- ZenaTech, Inc. (NASDAQ: ZENA) First US Trial of IQ Nano Drone for Inventory Management • InvestorsHub NewsWire • 10/15/2024 12:21:48 PM
- Ericsson Shares Surge 7% on Strong Earnings, Nvidia Drops 2%, Google Invests in Nuclear Power for AI • IH Market News • 10/15/2024 09:46:33 AM
- Trump Media Announces Release of Truth+ Streaming on the Web • GlobeNewswire Inc. • 10/14/2024 12:30:50 PM
- BP Signals Rising Net Debt; Tesla Slumps; Stellantis CEO Announces Retirement; Berkshire Trims BofA Stake, and More • IH Market News • 10/11/2024 10:31:49 AM
- Trump Media Announces Release of Truth+ Streaming App for Android Devices • GlobeNewswire Inc. • 10/10/2024 12:30:00 PM
- Google Could Face Forced Spinoff; Rio Tinto Buys Arcadium for $6.7B; Boeing Suspends Union Talks • IH Market News • 10/09/2024 10:15:35 AM
- Honeywell Seeks Division Spinoff; Foxconn Expands Production With Nvidia GB200; Chinese Stocks Plunge • IH Market News • 10/08/2024 10:39:39 AM
- Starboard Acquires $1 Billion Stake in Pfizer; Rio Tinto Pursues Acquisition of Arcadium Lithium, and More • IH Market News • 10/07/2024 09:49:44 AM
- Trump Media Expands TV Streaming Delivery Network to Multi-site Operation • GlobeNewswire Inc. • 09/30/2024 08:30:00 PM
- Visa Faces Monopoly Lawsuit; Meta Introduces Celebrity Voices for Chatbot; Stellantis on the Hunt for New CEO • IH Market News • 09/24/2024 10:15:50 AM
- Apollo Eyes $5 Billion Investment in Intel; TSMC and Samsung Explore UAE Chip Projects, and More • IH Market News • 09/23/2024 10:32:25 AM
- Nike Shares Surge 7% Pre-Market as Elliott Hill Becomes CEO; FedEx Shares Tumble 13% After Profit Miss • IH Market News • 09/20/2024 10:02:58 AM
- AIG names new CFO; Progyny Drops 24% After Losing Key 2025 Contract; Exicure Jumps 190% With Nasdaq Extension • IH Market News • 09/19/2024 10:26:48 AM
- Meta Strengthens Child Privacy on Instagram; Google Overturns $1.7 Billion Antitrust Fine; Snap Updates Spectacles • IH Market News • 09/18/2024 10:13:07 AM
- Intel Secures $3.5 Billion Subsidy, Stellantis Backs EU Emissions Targets, BP and Apollo Reach $1 Billion Deal • IH Market News • 09/16/2024 10:03:27 AM
- GameStop plunges 11% on stock offering, DJT drops post-debate, GSK fails shingles vaccine trial • IH Market News • 09/11/2024 10:25:41 AM
- Apple Loses EU Dispute; Google’s $2.7 Billion Fine Upheld; Oracle Shares Surge 9% • IH Market News • 09/10/2024 10:02:31 AM
- Big Lots Falls 27%, Considers Bankruptcy; DraftKings Acquires Simplebet, Berkshire Hits $1 Trillion • IH Market News • 08/29/2024 10:06:50 AM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 08/23/2024 09:17:24 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 08/23/2024 09:16:45 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/23/2024 09:15:56 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/23/2024 09:09:41 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/23/2024 08:56:38 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/23/2024 08:51:22 PM
SANUWAVE Announces Reverse Stock Split, Note and Warrant Exchange, and PIPE Offering • SNWV • Oct 18, 2024 9:31 AM
Vocodia Addresses Recent Stock Price Movement and Future Strategic Partnerships • VHAI • Oct 18, 2024 9:00 AM
Mass Megawatts Announces the Start of an Online Discount Solar Energy Equipment Business with Revenue Recognized for the First Time Since Year 2010 in this Fiscal Quarter • MMMW • Oct 18, 2024 7:32 AM
Unitronix Corp Advances DeFi Innovation with Tokenized Real-World Assets Integration • UTRX • Oct 17, 2024 7:38 AM
Mass Megawatts Commences Solar Energy Sales Efforts • MMMW • Oct 16, 2024 7:45 AM
SANUWAVE Health Announces 1-For-375 Reverse Stock Split • SNWV • Oct 16, 2024 7:40 AM