The SEC Puts the Brakes on SPAC-Mania Among EV Makers
Details
- Publish Date:
- December 10, 2021
- Author(s):
-
- Welch, David
- Source:
- Bloomberg Businessweek
- Related Person(s):
- Related Organization(s):
Summary
The SEC clearly has been taking a closer look. The same day Lucid disclosed the investigation, Digital World Acquisition Corp., the SPAC that’s agreed to merge with former President Donald Trump’s Trump Media & Technology Group, said it was being probed by regulators. “The SEC is spending more time reviewing proxies, and it is asking more questions,” Klausner says.
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