A startup battery maker that enticed investors with rapid growth projections has announced that it will fall short of its revenue target by up to 89 percent. The revenue from a scooter rental app is expected to be less than 20% of what it was projected to be this year. An electric bus company that… Continue reading SPACs Are Missing Revenue and Earnings Targets
Tag: SPACs governing rules
SEC Chairman Considering Tougher Rules for SPACs
The chairman of the Securities and Exchange Commission (SEC) said on Thursday that the agency is considering toughening rules governing how underwriters, boards of directors, and sponsors of Special Purpose Acquisition Companies (SPAC) structure fees, issue projections, and disclose conflicts. In a keynote address to investor advocates, SEC Chairman Gary Gensler stated that the new… Continue reading SEC Chairman Considering Tougher Rules for SPACs