FCA halves minimum capital raise limit for SPACs to £100mn
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FCA halves minimum capital raise limit for SPACs to £100mn

Marcel Le Gouais
28 July 2021
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The Financial Conduct Authority (FCA) has halved the minimum that must be raised at initial listing through a special purpose acquisition company (SPAC) to £100mn ($138mn) as it seeks to create an easier route for firms to go public via an acquisition vehicle.

The regulator has also introduced an option to extend the proposed two-year time-limited operating period, by six months, without the need of shareholder approval.

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News Regulation FCA
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Marcel Le Gouais
Deputy Editor
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