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Ackman says blank check company not required to be registered
... Ackman added. The lawsuit contends that Ackman 's special purpose acquisition company acted all along as an investment company rather than an SPAC exempt from the registration requirement. The lawsuit was filed on Monday in U.S. Federal Court by George Assad , an investor in the SPAC . The suit states: Investing in securities is basically the only thing that PSTH has ever done. SPACs are meant to merge with public firms and then take them private. Ackman bought 7.1% of his company vivendi-sells - ...
Updated: 08/17/2021
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