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SPAC Seizes On SEC’s Proposed Rules to Fight Investor Suit

  • Gottesman’s Go Acquisition says rules show that it’s a SPAC
  • Go fights suit by investor who says it’s an investment firm
Updated on

A blank-check company co-founded by Noam Gottesman told a court that newly proposed SEC rules support its legal defense against an investor.

The company’s filing appears to be the first to invoke the U.S. Securities and Exchange Commission proposal in a legal battle over whether certain SPACs are really investment companies.