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Tom Barrack's SPAC withdraws its IPO filing days after the billionaire was arrested and charged with illegal lobbying

2 monthes ago   |   By Business Insider

Thomas Barrack
Alex Wong/Getty Images
The SPAC backed by Thomas Barrack withdrew its IPO application with the SEC on Friday.
The move comes days after the billionaire was arrested and charged with seven felony counts.
Falcon Acquisition had filed for a $250 million IPO in March with the goal of targeting tech-driven businesses.
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The blank-check company backed by billionaire Thomas Barrack withdrew its application for an initial public offering Friday, just days after the 74-year-old was arrested and charged with...
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Tom Barrack SPAC pulls SEC registration, IPO as Trump ally's bail hearing moved to Friday in L.A

2 monthes ago   |   By CNBC

Thomas Barrack, a close friend of Donald Trump, is accused of illegally lobbying for the United Arab Emirates during Trump's campaign and presidency.
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