U.S. Bank Offers Custom, Turn-Key SPAC Solutions

U.S. Bank is rolling out new solutions for special purpose acquisition companies (SPACs), including segregated trust accounts for SPAC proceeds, statements and secure reporting of activity, and more, according to a press release. The new features will also let companies hold, invest and disburse funds in accordance with trust agreements, maintain investment books and records, and reconcile cash and transaction activity, the release stated.
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