Five Key Takeaways From The SEC's Evolving Response To The SPAC Boom | Morrison & Foerster LLP
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 str...
Source: jdsupra.com