CIA Launches SPAC as the SEC Enforces Stricter Regulations
The CIA’s venture capital company, In-Q-tel, has discretely launched a SPAC that aims to fuel significant returns for former CIA officers. This news is deemed important as the SEC has recently been cracking down on SPACs and initiating stricter regulations surrounding them.
This SPAC, titled Chain Bridge 1, is seeking to acquire a defense contractor that is “poised to benefit” from government spending on national security.
David Rosenfield, Chair of the White Collar Defense and Investigations group, states, “I find it surprising that at the same time the SEC is cracking down on SPACs, a government agency is launching one. It certainly seems inconsistent with the SEC’s recent focus on strictly regulating SPACs.”
If you are forming a SPAC you must be up to date with the SEC’s regulations. Contact the attorneys at Warren Law Group at (866) 954-7687 or email email@example.com to schedule your consultation.