{"componentChunkName":"component---src-templates-blog-post-js","path":"/blog/um-where-is-the-sec-when-it-comes-to-spacs-and-conflicts-of-interest-techcrunch/","result":{"data":{"site":{"siteMetadata":{"title":"No Frills News"}},"contentfulNfnPost":{"postTitle":"Um, where is the SEC when it comes to SPACs and conflicts of interest? – TechCrunch","slug":"um-where-is-the-sec-when-it-comes-to-spacs-and-conflicts-of-interest-techcrunch","createdLocal":"2021-06-06 14:31:17.253098","publishDate":"2021-06-04 00:00:00","feedName":"Autonomous Vehicle News","sourceUrl":{"sourceUrl":"https://techcrunch.com/2021/06/04/um-where-is-the-sec-when-it-comes-to-spacs-and-conflicts-of-interest/"},"postSummary":{"childMarkdownRemark":{"html":"<p>Possible merits of the deal aside, the deal is also interesting because of Hoffman’s involvement.\nThis isn’t the first time a SPAC sponsor has pursued an existing investment as a target.\nA representative for Palihapitiya declined to disclose to Bloomberg whether or not he sold the stake prior to the SPAC deal, but legally, it doesn’t matter anyway.\nYes, there’s a strong argument that a SPAC sponsor who has been long involved with a target company knows better the value of that company than anyone else.\nBut the target could also need to bailed out by SPAC sponsors who have a vested interest in the company and know its prospects may dim otherwise.</p>"}}}},"pageContext":{"slug":"um-where-is-the-sec-when-it-comes-to-spacs-and-conflicts-of-interest-techcrunch"}}}