Emmis ‘blank check’ firm dissolves without making purchase

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2 thoughts on “Emmis ‘blank check’ firm dissolves without making purchase

  1. Per SEC rules, SPACs have two years to close deals and use funds. Otherwise, the funds must be returned. It looks this SPAC has hit the deadline and thus must disband. This is happening the majority, if not most, of the SPACs presently open.

    What does not help is that earlier successful SPAC investment have not tended to do well.

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