ICYMI: Forbes to ditch SPAC funding plan: NYT
Citing two sources familiar with the matter, the Times said that the decision was made"amid cooling investor appetite for the once-popular financial instrument." Scrutiny from officials at the US Securities and Exchange Commission has also raised pressure on the market for SPACs.In February, it was
that crypto exchange Binance would invest some $200 million in Forbes via the SPAC. It's not clear at this time whether Binance will seek to invest in Forbes via another means.
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