Nasdaq Challenges AMEX With SPAC Proposal
Nasdaq said it plans to propose a new rule to the U.S. Securities and Exchange Commission that would allow these types of investments to be listed on the exchange. The rule would hold the SPACs to a series of requirements above and beyond those imposed on typical companies.
Outgrowing a bad reputation gained from their misuse in the 1980s, SPACs have been gaining in popularity...
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