SPAC bosses from billionaire SoftBank Group Corp. founder Masayoshi Son to Silicon Valley investor Vinod Khosla are starting to push tougher deal terms as the craze for blank-check companies builds.
This week, at least three special purpose acquisition companies preparing U.S. listings cut out a sweetener usually offered to investors. The change removes a popular way for punters to boost their holdings in a SPAC, showing how the most well-known issuers have gained the power to set their own agendas even as they compete for attention with hundreds of other deals.
