SEC Finalizes Tougher Rules for SPACs
The new rules also update and expand guidance on the use of projections in all SEC filings
On January 24, 2024, the U.S. Securities and Exchange Commission (“SEC”) approved final rules to overhaul regulations covering special purpose acquisition companies (“SPACs”). With a few notable exceptions, the final rules are in line with the rules proposed in 2022 (see our prior alert here for a discussion of the 2022 proposed rules). In this Alert, we provide a summary of the rules, as adopted, and highlight certain deviations from the proposed rules.
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