SEC Derailed Circle’s Plans to Go Public via SPAC Deal: Report

Crypto.com Halts Solana USDC and USDT Deposits, Withdrawals

“The business combination could not be consummated before the expiration of the transaction agreement because the SEC had not yet declared our S-4 registration ‘effective’,” the group said. An S-4 registration is a registration document that companies have to file with the SEC seeking permission to offer new shares, the report added.

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