Yaboo! Finance published an article discussing Better.com’s recent stock crash. As the article explains, shares of Better.com’s parent company, Better Home & Finance, fell more than 90% after the company entered the public market following a merger with Aurora Acquisition Corp, a special purpose acquisition company (SPAC).
SPAC deals are becoming few and far between, notes Gunster attorney Bob Lamm. “In addition to a more challenging economic environment, tougher SEC rules and regulatory scrutiny contribute to making these “very tough deals,”” he observes.
Bob Lamm chairs the Gunster’s Securities Law & Corporate Governance practice. Bob previously served as assistant general counsel and assistant secretary of Pfizer. His prior experience includes senior legal positions at W. R. Grace, CA Technologies, and Financial Guaranty Insurance Company. He also has extensive experience with small and mid-cap companies, as well as nonprofit entities. In addition to his role at Gunster, Bob is an independent senior advisor to the Deloitte Center for Board Effectiveness.
