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Senators’ letters raise the heat on SPACs

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Sep 22, 2021

On September 22, 2021, in a development that unquestionably raises the heat on SPACs and SPAC sponsors, a group of four Democrat senators sent each of six serial SPAC creators a letter raising questions about the creators’ SPAC-related activities and financial rewards.

The letters’ purpose ostensibly is to allow the Senators to “understand what sort of Congressional or regulatory action may be necessary to better protect investors and market integrity.”

Review a summary of the letters on the D&O Diary and the letters on US Senate's website.

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