[ethanolburner]

"while undermining the transparency requirements of the market"

Then why don't you propose to just ban forward-looking projections and including more transparency?

SPACs have their distinct use cases and have unique advantages and disadvantages compared with IPOs & DPOs. A blanket-ban on these vehicles is, in my opinion, limiting optionality, which wouldn't be a problem if the IPO & DPO processes were perfect, however, they are not.