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SEC Division of Corporation Finance Acting Director John Coates
argued against claims by some practitioners
and commentators that Special Purpose Acquisition Companies
( SPACs ) may face lesser securities law liability in the
context of a de-SPAC transaction than traditional IPOs.
Mr. Coates asserted that the liability risks associated with
disclosures in the de-SPAC transaction (
i.e.,
the second stage business combination transaction in which SPACs
issue equity to target owners) could in some ways be higher than in
conventional IPOs due to the potential conflicts of interest in the
NYT, Corporations, Vocal About Racial Justice, Go Quiet on Voting
Rights, starts off this way: As Black Lives Matter
protesters filled the streets last summer, many of the
country s largest corporations expressed solidarity and pledged
support for racial justice. But now, with lawmakers around the
country advancing restrictive voting rights bills that would have a
disproportionate impact on Black voters, corporate America has gone
quiet. The author is talking about new voting laws just
passed in Georgia and the reluctance, with some exceptions, of the
largest corporations to say anything or do anything-beyond anodyne
statements of support for voting rights in general-that might
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Following these ten steps will prepare SPAC boards, sponsors,
and advisors for the likely shareholder suits and potential
regulatory investigations that are increasingly becoming part of
the SPAC landscape.
If 2020 was the year of the SPAC, 2021 may be the
year of SPAC litigation. SPACs Special Purpose Acquisition
Companies are publicly traded companies launched as vehicles
to raise capital to acquire a target company. Often called
blank-check companies, SPACs are companies in which shareholders
buy shares without knowing which company the SPAC will target and
Fenwick's gender diversity survey provides unique insight into women's participation at the most senior levels of technology and life sciences public companies on the.