Sens. Warren, Brown, Smith, Van Hollen Request Information From SPAC Creators Amid 'Astonishing' Reports of Abuse & Market Dysfunction
September 23, 2021
September 23, 2021
WASHINGTON, Sept. 23 -- Sen. Sherrod Brown, D-Ohio, chairman of the Senate Banking, Housing and Urban Affairs Committee, issued the following news release on Sept. 22, 2021:
United States Senators Elizabeth Warren (D-Mass.), Sherrod Brown (D-Ohio), Tina Smith (D-Minn.), and Chris Van Hollen (D-Md.) sent letters to six creators of prominent Special Purpose Acquisition Companies, or SPACs, publicly traded shell companies that raise money to buy private companies and take them public. . . .
United States Senators Elizabeth Warren (D-Mass.), Sherrod Brown (D-Ohio), Tina Smith (D-Minn.), and Chris Van Hollen (D-Md.) sent letters to six creators of prominent Special Purpose Acquisition Companies, or SPACs, publicly traded shell companies that raise money to buy private companies and take them public. . . .