UK SPAC market under scrutiny for safety-first approach

The Financial Times published a piece on the UK SPAC market’s safety-first approach. The story looks at how London will catch up to competitors following new regulations imposed on blank-check companies.

The article, “UK Spac Market Under Scrutiny for Safety-First Approach” discusses the road ahead for London SPACs, featuring Morrow Sodali’s Kevin Kelly, Managing Director - Business Development, Head of SPAC Services.

The article explores the regulation hurdles facing London SPAC listings following reforms made by the Financial Conduct Authority last year. Kevin shares his thoughts on minimum raise requirements compared to the popular Amsterdam market. He touches on listing venue adaptations, as well as how neither a raise requirement nor venue differences make for any major issues when compared with rival markets.