2024-08-16 15:26:33 +0300

The SPAC King Goes Silent With His Empire Shriveling

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Bloomberg
By Bailey Lipschultz

The news came with little fanfare. It was late on a sleepy summer afternoon last week, and few on Wall Street even seemed to notice the pair of filings when they hit the SEC website.

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In terse, boilerplate language, the documents stated that two SPACs launched by Chamath Palihapitiya needed to push back the deadlines they had set to make acquisitions.

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