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Slack CEO departs Salesforce, Circle cancels SPAC, SBF's links with media & regulators | E1628
This Week in Startups
The Enforcement of the SPAC Changes
The SEC has been proposing these is maybe additional disclosures from the SPAC sponsors and any conflicts of interest. Most sponsors would like to have the flexibility to you know sell their shares, especially if things go well So that's why the SEC probably has to step in if you don't regulate yourself. The amount of time they hold their securities would be like the big fix for me If the sponsors had to hold their securities for five years three years something like that They could do that voluntarily.
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