SEC aims to shoot down space SPAC

The Commission grounds a space company.

SEC: The Securities and Exchange Commission has taken its first enforcement action against a SPAC since the market took off again in 2020. In this instance, the Commission alleges that Momentus CEO Mikhail Kokorich and his SPAC backers misled investors about Kokorich’s national security “threat,” Bill Myers reports.

Email prepared by Graham Bippart