Cantor Fitzgerald pays $6.75 million to settle SEC charges over misleading SPAC disclosures [Yahoo! Finance Canada]
Satellogic Inc. (SATL)
Company Research
Source: Yahoo! Finance Canada
Cantor Fitzgerald did not immediately respond to a request for comment. According to the SEC, Cantor neither admitted nor denied the SEC's findings. Blank-check firms, or special purpose acquisition companies (SPACs) are shell companies that raise funds through a listing with the intention of acquiring a private company and taking it public, circumventing the initial public offering process. According to the SEC, in 2020 and 2021 a team of Cantor Fitzgerald executives managed and controlled two SPACs that raised $750 million from investors through IPOs ahead of the SPACs' eventual mergers with View and Satellogic. In their SEC filings, the SPACs said they had not had substantive discussions with potential takeover targets prior to their IPOs, even though Cantor, acting on behalf of the SPACs, had already commenced negotiations with View and Satellogic, the SEC said. “This enforcement action reflects the straightforward proposition that any disclosures about substantive discus
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SATL
News
- Cantor Fitzgerald Pays SEC $6.75 Million for Alleged SPAC Abuses [Yahoo! Finance Canada]Yahoo! Finance Canada
- Cantor Fitzgerald pays $6.75 million to settle SEC charges over misleading SPAC disclosures [CNN]CNN
- Cantor Fitzgerald pays $6.75 million to settle SEC charges over misleading SPAC disclosures [CNN]CNN
- SEC charges Cantor Fitzgerald, led by Trump's Commerce pick, with breaking securities laws [CNBC]CNBC
- Cantor Fitzgerald pays $6.75 million to settle SEC charges over misleading SPAC disclosures [Yahoo! Finance Canada]Yahoo! Finance Canada
SATL
Sec Filings
- 12/23/24 - Form EFFECT
- 12/20/24 - Form 424B5
- 12/20/24 - Form 6-K
- SATL's page on the SEC website