SPAC framework to be reviewed for efficiency

“Against growing demand for such vehicles for high-growth companies, the current SPAC framework is being reviewed for greater efficiency,” the SC said.

PETALING JAYA: The current framework for special-purpose acquisition companies (SPACs) will be reviewed for greater efficiency, says the Securities Commission (SC).

The move is in response to growing demand for such fundraising vehicles as a cheaper and faster route to the market compared to initial public offerings (IPOs).