Cantor Fitzgerald Pays SEC $6.75 Million for Alleged SPAC Abuses [Yahoo! Finance Canada]
Satellogic Inc. (SATL)
Company Research
Source: Yahoo! Finance Canada
Most Read from Bloomberg The firm, led by Chief Executive Officer Howard Lutnick, controlled two special purpose acquisition companies in 2020 and 2021 that raised $750 million. The SPACs claimed in regulatory filings that they hadn't had substantive talks with potential merger targets, the agency said in a statement on Thursday. In reality, the entities had already started negotiations with a small group of candidates, it said. “This enforcement action reflects the straightforward proposition that any disclosures about substantive discussions with potential targets must be materially accurate,” Sanjay Wadhwa, acting director of the regulator's enforcement division, said in the statement. The firm settled without admitting to or denying the allegations. Lutnick, tapped by President-elect Donald Trump to run the Department of Commerce, isn't a defendant in the civil case. “No investor was ever harmed by the alleged issues described in the order,” Cantor said in a statement. “W
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SATL
News
- 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
- 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