SPAC Update

SPAC Update

The special purpose acquisition company (“SPAC”) continues to have a profound impact on stock markets. We have written previously about the increasing popularity of SPAC’s and the risks inherent to SPAC’s. The SPAC device attempts to sidestep the SEC review process by...
SEC more heavily scrutinizing of SPAC-related mergers

SEC more heavily scrutinizing of SPAC-related mergers

The SEC has recently turned its attention towards regulating businesses structured as special purpose acquisition companies, or SPAC’s. An SPAC is a publicly-listed shell corporation that is organized for the purpose of collecting investments and then using those...