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SEC Continues To Educate Investors About SPAC Enforcement Risks - Corporate/Commercial Law


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Special purpose acquisition companies, or SPACs, have quickly
become a part of the Wall Street vernacular, but until recently,
they were rare. In fact, the New York Stock Exchange went 10 years
without listing a SPAC until 2017. The last year, however, saw a
dramatic rise in their use, both in number and in profile. In 2020
alone, 248 public offerings occurred by way of a SPAC, representing
77 percent of all initial public offerings (IPOs) during that year.
They raised more than $82 billion in capital in 2020 more
than the last 10 years combined and were responsible for ....

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