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For all of you resolutionaries already feeling the lifestyle cramp from your New Year’s resolutions it’s time for you to perk up. While everywhere else
While most of us were sleeping, with the stroke of midnight last night Carnival Season was upon us, and king cakes and king-cake-flavored things have rolled
To embed, copy and paste the code into your website or blog: Over the past year, the use of Special Purpose Acquisition Companies, or SPACs, to go public has skyrocketed.[1] As The Wall Street Journal explained, “With interest rates on the floor and investors chasing young companies, this is a dream scenario for SPACs.”[2] As the SPAC boom continues, it is important to understand that SEC guidance on SPACs is evolving. The SEC’s statements on SPACs have quickly progressed from a short bulletin educating investors on using SPAC vehicles to take companies public, to specific guidance strongly implying that the SEC staff is carefully scrutinizing disclosures related to SPAC transactions.[3] Indeed, the SEC’s recent guidance identifies specific disclosure areas that SEC staff will focus on and likely provides a roadmap for both future SEC enforcement and the plaintiffs’ bar.