The watchdog's proposal calls for more disclosures around conflicts of interest between sponsors and investors and an end to overly optimistic language.
The SPAC boom has led two marketing companies to battle over who gets to be called ‘System1,’ a name taken from Daniel Kahneman’s best seller ‘Thinking, Fast and Slow’
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Rover is planning a market debut in early-to-mid June, sources close to the company tell Insider.
Rover announced a merger with Nebula Caravel Acquisition Corp., a SPAC, in February.
The company has seen business surge as people who adopted pets during the pandemic book services.
Pet-care startup Rover is planning to make its public market debut in early-to-mid June, two sources close to the company tell Insider.
Rover previously announced it was going public through a merger with Nebula Caravel Acquisition Corp., a SPAC, backed by True Wind Capital, and said at that time it expected to close in the first half of this year. Even so, the deal talks are still ongoing, and the timing could change, one of the sources said. The deal would value the company at $1.35 billion. Last week, the company made an amendment to its filing with the SEC.