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0 0 0 0 0.0367454068241469 0.0367454068241469 0.0367454068241469 -0.0026246719160105
Stock impact report

SEC's SPAC Rules Set to Limit Rosy Projections That Fueled Mania [Yahoo! Finance]

Hyzon Motors Inc. - Class A (HYZN) 
Company Research Source: Yahoo! Finance
(Bloomberg) -- At the height of the SPAC boom, liberated startups capitalized on the ability to tout lofty goals about the years ahead without much of a risk of legal fallout. Most Read from Bloomberg Musk Says First Neuralink Patient Received Implant in Brain Tech Giants Drop in Late Trading After Earnings: Markets Wrap UPS CEO Kicks Off Productivity Drive by Cutting 12,000 Managers Traders Line Up for ‘Once-in-a-Generation' Emerging Markets Bet Blackstone Is Building a $25 Billion Empire of Power-Hungry Data Centers Now, the US Securities and Exchange Commission's new rules tightening SPACs' disclosure requirements are set to clamp down on such forecasts when they come into force as soon as later this year. In hindsight, some companies that merged with blank-check vehicles during the pandemic-era boom may wish they hadn't talked up their fortunes so optimistically. Hydrogen-fueled vehicle maker Hyzon Motors Inc. and health-litigation firm MSP Recovery Inc. are among Show less Read more
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