SPACs more cautious under heightened regulatory watch (Business Insider)

There’s now a greater emphasis by SPACs to more carefully consider possible target companies. Amy Lynch, FrontLine’s Founder and President, comments that once the SEC started looking more closely at SPACs last year, internal compliance and legal departments shifted their attention to making sure deals would pass regulatory scrutiny. With high fees generated for banks and their related entities, SPACs should continue to hold their place in the market for now. As for where the SEC is headed, Ms. Lynch expects greater regulation of SPACs, but it’s unlikely to occur until the end of this year. See Business Insider (subscription required), “The SPAC frenzy may be dying down, but it’s still earning Wall Street billions. Here’s how.”