The blank-check companies that were Wall Street darlings, and then regulator targets, are facing yet another round of accounting headaches.
Sammy Hagar, Roger Staubach Sports SPAC Cancels $250 Million IPO Plan
The depressed SPAC market has claimed another victim. Victory Acquisition, a star-studded blank check that wanted to raise $250 million in an IPO, filed paperwork with the Securities & Exchange Commission to cancel its plans Friday evening.
SoundHound Announces Closing of Business Combination
SoundHound AI, Inc. (“SoundHound”), a global leader in voice artificial intelligence (“voice AI”) today announced the completion of the previously announced business combination (the “Business Combination”) between SoundHound Inc. and Archimedes Tech SPAC Partners Co. (“Archimedes”), a special purpose acquisition company.