SEC’s new SPAC policies are ‘not going to fix the problem:’ Expert

SEC’s new SPAC policies are ‘not going to fix the problem:’ Expert

The SEC recently proposed new policies that would require companies being acquired through a special purpose acquisition company (SPAC) to undergo more stringent disclosure procedures relating to future projections, conflicts of interest, as well as potential dilution upon issuance of additional shares.

The new rules would effectively eliminate many of the “safe harbor” protections and advantages of de-SPAC transactions over traditional IPOs that have made them so favorable in recent…


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