Wall Street grapples with new SPAC equity contracts after regulator crackdown
Wall Street accountants and lawyers are trying to figure out new equity agreements to lure investors back to the blank-check company market after the U.S. regulator cracked down on the use of warrants, six industry executives told Reuters.
Buffett says Berkshire “not competitive” with SPACs on deals
Warren Buffett on Saturday compared the buying frenzy by special purpose acquisition companies, or SPACs, to gambling with other people’s money and said their activity has made it tough for his company, Berkshire Hathaway Inc (BRKa.N), to compete on deals. Berkshire Hathaway has $70 billion to $80 billion it would “love to put to work,” but […]
