SEC Approves NYSE Proposal for Direct Listings

SPAC-Direct-Listings

SEC Approves NYSE Proposal for Direct Listings

Aug 28, 2020 INTEL by Kristi Marvin
…and SPACs now have some competition. On August 26th, the SEC approved the NYSE rule change proposal where companies now have the ability to raise capital in connection with a direct listing.  This is actually big news and could have some implications for SPACs.  Namely, all of the unicorns that SPACs have been chasing this
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