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SPAC, Merger Target And CEOs Accused Of Faulty Disclosure
Law360 (July 13, 2021, 10:41 PM EDT) The U.S. Securities and Exchange Commission announced Tuesday it has reached settlements with special purpose acquisition company Stable Road Acquisition Co., its sponsor and CEO, and the SPAC s proposed merger target Momentus Inc. for allegedly falsely telling investors that its propulsion technology had been successfully tested in space.
The SEC said that the settlement penalties total more than $8 million, and that litigation is proceeding in D.C. federal court against Momentus founder and former CEO Mikhail Kokorich. Kokorich and Momentus, an early-stage space transportation company, repeatedly told investors that it had successfully tested its propulsion technology in space when, in fact,.
Investegate |Wameja Limited Announcements | Wameja Limited: Scheme of Arrangement investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.
Millennium Investment & Acquisition Company, Inc Establishes Presence in Oklahoma with a Cannabis Cultivation Facility padovanews.it - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from padovanews.it Daily Mail and Mail on Sunday newspapers.
Vancouver, British Columbia (Newsfile Corp. - June 1, 2021) - Diamond Fields Resources Inc. (TSXV: DFR) ("DFR" or the "Company") announces that discussions are ongoing with TMH Acquisition Co ("TMH")