June 15, 2024

Good morning, Bay Area. Starting this wet morning on Wall Street, the Securities and Exchange Commission on Wednesday will demand more investor protections for deals involving special purpose acquisition companies, or SPACs, tightening rules for taking firms public in a move that could further reduce interest, Bloomberg reports. The SEC’s new rules would bring investor protections in SPAC deals closer to those of traditional IPOs, heightening legal risks and costs for those pulling the strings.…

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