SEC Seeks to Curb Lofty SPAC Projections

Research from Cordell Eminent Scholar Jay Ritter informs this story from the Wall Street Journal regarding the statement by the regulator’s acting director that addresses the frenzy over blank-check company deals, like the 15 companies with no revenue that have listed publicly this year or have said they hope to in coming months, all at valuations of above $1 billion.