SPAC


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Better CEO Vishal Garg (iStock, Scott Rosenthal, CC BY-SA 4.0 - via Wikimedia Commons)

SEC probing Better as SPAC deadline looms

UPDATED, July 15, 2022, 3:30 p.m.: Things keep getting worse for Better. The U.S. Securities and Exchange Commission is probing the digital mortgage lender, according to a regulatory filing reported by Inman. Better and...

SEC probing Better as SPAC deadline looms
From left: Former Better.com executive vice president for sales and operations Sarah Pierce; Better.com CEO Vishal Garg (Better.com, Scott Rosenthal, CC BY-SA 4.0/via Wikimedia Commons, iStock)

Better.com accused of misleading investors

Just when things seemingly couldn’t get worse for Better.com, they just did. Former executive vice president for sales and operations Sarah Pierce accused the company of misleading investors in financial filings and other statements,...

Better.com accused of misleading investors
Goldman Sachs' David Solomon (Getty)

Goldman Sachs halts work in SPAC market

Goldman Sachs Group is withdrawing from the SPAC market over new guidelines from regulators, an ominous sign for real estate companies looking to go public through a so-called SPAC, or special purpose acquisition vehicle....

Goldman Sachs halts work in SPAC market
SEC Chair Gary Gensler (Getty Images, iStock/Photo Illustration by Steven Dilakian for The Real Deal)

SEC proposes more transparency for SPACs

The Securities and Exchange Commission is looking to up the scrutiny on special purpose acquisition companies in another setback for a struggling market. The SEC on Wednesday proposed rules that would require SPACs to...

SEC proposes more transparency for SPACs
PropertyGuru to make public debut

PropertyGuru to make public debut

Singapore-based PropertyGuru is set to make its debut on the New York Stock Exchange this week, despite a downturn in interest around special purpose acquisition companies. The online real estate marketplace company will start...

PropertyGuru to make public debut
Knock Off's Sean Black (Knock Off, iStock)

Knock it off: Homebuying startup ditches IPO plans

Diminished investor interest knocked a homebuying startup down a peg, scrambling plans to go public and setting off a...

Knock it off: Homebuying startup ditches IPO plans
From left: Masayoshi Son, chief executive officer, Softbank; Marcelo Claure, executive chairman, WeWork (Softbank, Getty Images, iStock/Photo Illustration by Steven Dilakian for The Real Deal)

WeWork’s Marcelo Claure to leave SoftBank: reports

UPDATED Feb. 2, 2022, 5:42 p.m.: Marcelo Claure is leaving SoftBank and WeWork amid a disagreement over his request...

WeWork’s Marcelo Claure to leave SoftBank: reports
Southport Acquisition Corp. CEO Jeb Spencer (TVC Capital, iStock)

New SPAC to target real estate startups

A new blank check company is entering the SPAC space, setting its sights on financial software startups focused on mortgage and real estate. Southport Acquisition Corp. priced an initial public offering on Friday. Inman...

New SPAC to target real estate startups
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