Live Breaking News & Updates on பால் டௌப்மந்

Stay updated with breaking news from பால் டௌப்மந். Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

A reckoning for Spacs: Will regulators deflate the boom?


A reckoning for Spacs: Will regulators deflate the boom?
13 minutes to read
By: Miles Kruppa and Ortenca Aliaj
At the beginning of this year, the space transportation start-up Momentus thought it would be well on its way towards its stated mission of revolutionising space infrastructure and the space economy . Instead, regulators intervened.
Three
months after Momentus announced a US$1.2 billion ($1.6b) merger with a special purpose acquisition company, Stable Road Acquisition Corp, the Securities and Exchange Commission told the companies they were under investigation for statements made about the transaction, according to filings made public last month.
The merger, which would make Momentus one of the few publicly traded space companies, had been billed in October as a unique and compelling opportunity for investors. Momentus projected it would reach more than US$4b in revenues in 2027, including almost US$670 million in sales from a ....

New York , United States , United Kingdom , Ortenca Aliaj , Tyler Gellasch , Chamath Palihapitiya , Joe Biden , Jennifer Lopez , Georgehw Bush , Lev Khasis , John Coates , Paul Taubman , Andrew Park , Luke Cadigan , Avinash Rugoobur , Andrea Merediz Basham , Gary Gensler , Ken Moelis , Jay Clayton , Alex Rodriguez , Mikhail Kokorich , Cambridge Capital Acquisition Corp , Merger Corp , Department Of Justice , House Financial Services Committee , Department Of Defense ,