Spac spat: Keeping up is hard to do

If bankers and investors thought they were having a hard time navigating the never-ending flow of Spacs, they should spare a thought for the regulators.

Sometimes things seem to fall through the net. It’s not surprising – we know as well as anyone how hard it can be to keep up with all the special purpose acquisition companies (Spac) news.

Take Northern Star Investment Corp II (Northern Star II). A poke around the company’s paperwork reveals what sounds like a delightful exchange between it and the SEC, which was fretting over the existence of a Northern Star Acquisition Corp, otherwise known as Northern Star I and the first Spac from this team.

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