After the 2021 bubble, the market frozen after SEC’s new regulation. However, Donald Trump’s administration required the watchdog to have a new approach to blank cheques firms
SPACs (Special Purpose Acquisition Company) are back. From January 2025, 46 new blank cheques firms attracted 9.585 billion US Dollars, little less than the 9.646 billion that 57 NYSE SPACs raised in the whole 2024, SPAC Insider said.
In 2021, 613 vehicles raised 162.5 billion in USA, but the interest rate hikes in 2022 and the decision of former SEC’s head Gary Gensler of aligning the rules for business combinations with listed SPACs to standard ipos (SEC statement) frozen the euphoria (see here a previous post by BeBeez), The Financial Times said.
Investors are now expecting a lighter regulations as US President Donald Trump announced the replacement of Gensler with Paul Atkins on 19 May, Monday(see here the speech).
