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SEC Adopts Final Rules Enhancing Disclosures and Providing Additional Investor Protections Related to SPACs

JD Supra: Mergers

Securities and Exchange Commission (SEC) has adopted final rules aimed at enhancing investor protections in initial public offerings by SPACs and in subsequent de-SPAC transactions. The SEC also provided guidance regarding underwriter status. By: Troutman Pepper

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Robinhood acquires credit card startup X1 for $95M

TechCrunch: M&A

X1, which offers an income-based credit card with rewards, raised a total of $62 million in venture-backed funding from investors like Soma Capital, FPV, Craft Ventures and Spark Capital since its 2020 inception. Robinhood announced on Thursday that it was acquiring X1 , a no-fee credit card startup, for $95 million in cash.

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How the Growth of Private Credit is Impacting Private Equity

OfficeHours

Following the GFC, the government enacted new regulations that limited banks’ abilities to underwrite highly leveraged financing. This means that banks commit to providing debt financing for a transaction, and then they syndicate this debt out to a variety of investors and pocket a fee for this service (say, 2-3% on average).

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TELA Bio Announces Closing of Public Offering of Common Stock and Pre-Funded Warrants and Full Exercise of the Underwriters’ Option to Purchase Additional Shares

Global Newswire by Notified: M&A

All shares of common stock and pre-funded warrants were sold by TELA.

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Should You Monitor Your Customer Concentration?

Focus Investment Banking

Creditors, underwriters, buyers, and investors are keenly aware of this and routinely check these workflows carefully before making an investment decision, especially if the company in question expects to operate as a standalone entity. a more diversified company will appeal to a broader set of investors. Ultimately.

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London-listed SPAC moves closer to launch of Lloyd’s insurance vehicle

Global Banking & Finance

London-listed SPAC moves closer to launch of Lloyd’s insurance vehicle LONDON (Reuters) – A London-listed special purpose acquisition company has moved closer to launching a vehicle designed to give investors access to the Lloyd’s of London insurance market, according to a statement on Friday.

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How Merchant Banks Help Businesses Grow and Succeed

Razorpay

They may help with underwriting, fundraising, credit or financial advice. Portfolio Management Merchant banking companies provide portfolio management services to high -net-worth individuals and corporate investors. What is a Merchant Bank? Merchant banks may also provide services to high net worth individuals.

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