'Con­flicts of in­ter­est': SEC charges Per­cep­tive Ad­vi­sors over SPAC deal­ings, set­tles for $1.5M penal­ty

While the SPAC mar­ket con­tin­ues to os­cil­late be­tween inked deals, nixed agree­ments and pulled IPOs, one in­vest­ment ad­vi­sor will have to pony up $1.5 mil­lion to the SEC for what the agency deemed “con­flicts of in­ter­est” re­lat­ed to blank check deal­ings.

Per­cep­tive Ad­vi­sors, the 23-year-old New York in­vest­ment ad­vi­so­ry firm which touts $9.5 bil­lion in as­sets un­der man­age­ment, has set up mul­ti­ple spe­cial pur­pose ac­qui­si­tion com­pa­nies un­der the name Arya Sci­ences Ac­qui­si­tion Corp., with I, II, III and IV sta­pled on at the end. Arya V, which went pub­lic in Ju­ly 2021 and has yet to an­nounce a busi­ness merg­er, was not men­tioned by the SEC.

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