TMAC.U News

The recently-enacted Inflation Reduction Act introduced a 1% excise tax on stock buybacks beginning in 2023, and in the absence of guidance from the Treasury Department, it is unclear whether the tax applies to SPAC share redemptions. More and more SPACs are acting as if it will, and......read more

Music Acquisition, a blank check company targeting the music sector, raised $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50. The company is led by CEO and Chairman Neil Jacobson, the founder of music management company Hallwood Media and former...read more

Music Acquisition, a blank check company targeting the music sector, filed on Friday with the SEC to raise up to $200 million in an initial public offering. The Hollywood, CA-based company plans to raise $200 million by offering 20 million units at a price of $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50. At the...read more