Elizabeth Warren and 3 different Democratic senators sent open letters to a number of creators of special-purpose acquisition corporations Wednesday wondering how SPAC executives are compensated and soliciting for extra information about their doable conflicts of passion.

The letters are the most recent signal that regulators and lawmakers are expanding their scrutiny of so-called blank-check corporations, which have been hardly ever used as some way for startups to head public earlier than 2020 however have exploded in reputation lately. Some skeptics argue that SPACs disproportionately receive advantages insiders via profitable incentives despite the fact that corporations they take public fight and stick person traders with losses.



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