The acquisition by Smuckers also ends Hostess’s seven-year run as an independent, publicly-traded company. In 2016, Hostess went public through a merger with a SPAC.
The Latest SPAC News and Rumors: September 12, 2023
by Marlena Haddad on 2023-09-12 at 11:33am
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: SEC charges Marcum employee over audit quality control issues and J.M. Smucker to buy Hostess Brands in $5.6B deal
US SEC charges Marcum employee over audit quality control issues
The U.S. Securities and Exchange Commission on Tuesday said it has charged a former national office leader at audit firm Marcum LLP over quality control failures, the regulator said in a statement.
The SEC said Alfonse Gregory Giugliano, a certified public accountant, failed to sufficiently address and remediate deficiencies in the firm’s quality control system. In his role as a National Assurance Services Leader, he was aware of numerous deficiencies in Marcum’s quality control system, the SEC said.
The SEC in June charged marcum with a $10 million penalty for standards violations related to its audit work for hundreds of special purpose acquisition companies, or SPACs.
Recent Posts
by Nicholas Alan Clayton on 2023-09-27 at 11:30am
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Pinstripes Expands Senior Leadership Team, Hires Chief Financial Officer and Chief Marketing Officer in Advance of Public Listing Pinstripes, Inc, a best-in-class experiential dining and entertainment brand combining bistro, bowling, bocce and private event space, today announced...
by Nicholas Alan Clayton on 2023-09-27 at 11:09am
Athena Consumer Acquisition Corp. (NYSE: ACAQ) announced this morning that it plans to again adjourn its September 28 special meeting to approve its combination with German EV-maker e.GO without conducting business and will reconvene it at 4 pm ET September 29. The SPAC’s warrant holders are also to vote at at a meeting 30 minutes...
by Nicholas Alan Clayton on 2023-09-27 at 9:02am
Integrated Wellness (NYSE:WEL) announced this morning that it has nixed its combination with vending machine operator Refreshing USA due to conditions of the combination remaining unfulfilled. The SPAC did not elaborate on what conditions those were, but the two sides have been past their initial outside date since July 31. Integrated Wellness still plans to...
by Nicholas Alan Clayton on 2023-09-26 at 5:45pm
Berenson Acquisition Corp. I (BACA) Signs Non-Redemption Agreements Berenson (NASDAQ:WTMA) announced in an 8-K this morning that it has entered non-redemption agreements with third parties that will secure 655,715 shares from redemption. The filing did not note what incentive, if any, these investors received for agreeing not to redeem. The move comes as Berenson is...
by Kristi Marvin on 2023-09-26 at 5:41pm
Crixus BH3 Acquisition Company (NASDAQ: BHAC) announced in a filing this afternoon that it is postponing its extension vote to Friday, October 6, 2023 at 9:00 a.m ET. The meeting was originally to be held Friday, September 29, but presumably it has been moved to account for amendments to its proxy which was filed today...