Heads Up — SEC Issues Final Rule Related to SPACs, Shell Companies, and Projections
Published on:
Feb 06, 2024
![Heads Up — SEC Issues Final Rule Related to SPACs, Shell Companies, and Projections Image]()
This Heads Up discusses the SEC’s recent issuance of a final rule on financial reporting and disclosures for special-purpose acquisition companies (SPACs). The final rule aims to (1) “enhance investor protections” in SPAC initial public offerings (IPOs) and de-SPAC transactions and (2) “more closely align the treatment of private operating companies entering the public markets through de-SPAC transactions with that of companies conducting traditional IPOs.”
