From time to time in recent months, the SEC has felt compelled to do so Weigh in On the boom of the special purpose acquisition company, generally in Unfavorable wayAnd often urge Through some novelties or other novelties that scratch the head or hit a brick wall, which has been attached to the general novelty of the inspection company on the whiteness of itself. Okay , The SEC has one more thing to say about SPACs.
Speaking at a legal conference on Wednesday, SEC official John Coates said there are “some important and yet undiscovered issues” with SPACs…. Mr. Coates, Acting Director of the Securities and Exchange Commission, said these cases “are not something that will stop them by any means, but they are still relatively incomplete through the mechanisms, despite the fact that they have been around for some time”. Corporate Finance Department…. Said Mr. Coates, who spoke at a legal conference sponsored by the Institute for the Practice of Law.
Coates hasn’t clarified those issues or questions or what prompted them, but we can’t help but think that the trading card company is condoning something or other about NFTs Take advantage of the path of a plumber At the time when all of Mad plumber And the Boring Hunger to spend your money on litter Calm as the epidemic subsides, and people recede Are mercilessly able to do something else in their life It might have something to do with it.
Topps, known for its baseball cards and bazooka candy line, has agreed to go public through its merger with Mudrick Capital Acquisition Corporation II, a special purpose acquisition company that has valued Topps at $ 1.3 billion … while Topps is known for its trading cards. Sports its own, it branched out into interactive mobile apps to connect collectors and recently expanded into non-perishable codes … / “This is the icing on the cake, it goes completely digital, with the analog still in place,” [Topps Chairman Michael] Eisner said.
In short, more perfect for this deal than that totally meaningless, self-contradictory statement that we definitely can’t imagine. It should be nearly impossible for People in the Patreon To prevent themselves from taking advantage of these sapphires while they are still able to.
“If you care about the future of either company or the long-term path of their shares, issuing stocks here is the right step,” Kramer said. But the “hold on” crowd hate these offers … and despise anyone who defends them …
“AMC and GameStop need money,” Kramer said. “Increasing capital is good for both companies and in the long run, what is good for the company should be good for stocks.”
For now, let’s give Carson Block the last word, who ties these storylines together Very nicely.
“You have companies that really deserve to be short, and then you have companies that you can actually shorten from a technical perspective. A lot of the crossover right now is SPACs.”
Topps rolls out to the public through a SPAC deal as the baseball card company enters into NFTs [CNBC]
SEC official warns of growth of blank check companies [WSJ]
Patreon has trebled in value to $ 4 billion as the platform attracts creators and fans [WSJ]
Kramer says plans for AMC and GameStop to sell more shares will be good in the long run [CNBC]
Short seller Carson Block discussed GameStop, SPACs, and Archegos in a recent interview. Here are the 10 best quotes. [BI]