Goldman Sachs to change the SPAC game

No one associates mighty Goldman Sachs with rough-and-tumble special purpose acquisition companies, or blank check companies. The gilded firm has never been a player for obvious reason. But as SPACs have gained legitimacy, Goldman Sachs is pondering a move into the arena that will bring about some reforms, according to Dow Jones. You have to applaud any move that will lessen the pressure to cut a deal within 18 months. And investors might look favorably on any move to lower the cut that principals get. Still, in this environment, SPACs seem like a tough sell, unless they get an open-ended time frame.  

For more:
- here's a New York Times item

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