The deep problem with SPACs is the sponsors’ and warrant holders’ cuts, paid by the target company or the SPAC shareholders, leading to a bad deal for both (Matt Levine/Bloomberg)

Matt Levine / Bloomberg:
The deep problem with SPACs is the sponsors’ and warrant holders’ cuts, paid by the target company or the SPAC shareholders, leading to a bad deal for both  —  SPAC SPAC SPAC  —  Simplifying a …

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Andrew Tate loses appeal against asset seizures

A court in Romania’s capital Bucharest has rejected an appeal by the divisive social media personality Andrew Tate against asset seizures by prosecutors who are investigating him on charges of being part of an organized crime group and human traffickin…

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