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Harry Sloan, Jeff Sagansky scrap IPO plans for SPAC venture

(Reuters) - Blank-check firm Spinning Eagle Acquisition Corp, backed by former Hollywood executives Harry Sloan and Jeff Sagansky, on Wednesday filed . ....

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Baker, Sloan ditch plans for multi-deal SPAC


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(Reuters) - A blank-check acquisition company backed by investors Harry Sloan and Eli Baker has abandoned a novel plan that would have enabled it to take multiple companies public, according to regulatory filings published on Thursday.
The investors made the change because of feedback from the U.S. Securities and Exchange Commission (SEC) that it was reluctant to approve the plan as long as it did not have a new chair, according to a person familiar with the matter. Gary Gensler, President Joe Biden’s pick as SEC chair, has yet to be confirmed by U.S. lawmakers. ....

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