Bhawana Dayal Jaiswal, B.A.LL.B., DES's Shri Navalmal Firodia Law College (Forgusson College), Pune Aditya Kumar, LL.M., Symbiosis Law School, Pune ABSTRACT Special Purpose Acquisition Companies (SPACs) rose rapidly to become a global phenomenon, posing a stark trilemma for global regulators: do they support capital market innovation while preserving the integrity of the market and protecting investors from speculative excess? This article makes a comparative analysis of the regulatory...