The mauled blank check funds have a ticking clock: Deliver promised acquisitions or be liquidated.
Ever since the SEC’s spring crackdown, these once-popular investments have wilted. But their excesses are being leached away.
The blank check outfits sure are popular. But issuers have the upper hand over investors, performance is a mixed bag, and they face possible tough competition.
Class action lawsuit accuses software firm of predatory lending practices.
The alternative asset class investor is said to be gearing up for an upcoming public offering.