The US SEC adopted new rules for SPACs.

The US Securities and Exchange Commission (SEC) has adopted new rules impacting Special Purpose Acquisition Companies (SPACs). These rules are intended to change the way SPACs communicate their offerings to the public. The SEC has voted 3-2 on these new rules, which are expected to be enacted within five months. Among the changes are increased disclosures from companies prior to the offering and executives being held liable for the claims made. The SEC aims to add disclosures and investor protections, which may limit the number of companies choosing to go public via SPAC merger.

January 24, 2024
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