As the SPAC market continues to oscillate between closed deals, nixed deals and pulled IPOs, an investment adviser will have to pony up $1.5 million to the SEC for what the agency deemed “conflicts of interest” related to blank checks.
Perceptive Advisors, the 23-year-old New York investment advisory firm that sells $9.5 billion in assets under management, has created several special purpose acquisition companies under the name Arya Sciences Acquisition Corp., with I, II, III and IV anchored at the end . Arya V, which went public in July 2021 and has yet to announce a business merger, was not mentioned by the SEC.
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