Topic
SPACs
324 published works
Corporate Defense and Disputes
SEC Proposes Extensive New Rules Applicable to SPACs and de-SPAC Transactions
By Julia Alonzo, Corey I. Rogoff, Steven R. Burwell, Peter Castellon, Michael Choate, Steven L. Lichtenfeld, Ben Orlanski, Louis Rambo, Frank Zarb, Simon J. Wood
This week, our corporate colleagues published a handy guide to the SEC’s new proposed rules on SPACs. Of particular note to securities watchers should be potential increases in litigation stemming…
The Right Coast
Elon Musk Drops a Knowledge Bomb On the Information Minefield | RealClearMarkets
Musk s attempt to reform Twitter from the inside is heroic but will be fought ferociously. The anti-free speech forces recent capture of the information landscape is seductive. They will…
The SEC Institute Blog
SEC Proposes New Rules for SPACs
On March 31, 2022, the SEC finished an active month of rulemaking by proposing new rules for SPACs. (March also included proposed rules dealing with cybersecurity and climate change.) The…
The D&O Diary
Two More Post-SPAC-Merger Vehicle Technology Companies Get Hit With Securities Suits
Last week, the SEC introduced proposed disclosure guidelines for special purpose acquisition companies (SPACs) which, if ultimately finalized, will significantly alter the business, legal, and regulatory environment for SPACs and…
Free Writings + Perspectives
SEC Proposes a “Sea Change” Set of New Rules Applicable to SPACs and Other Market Participants
By Philip Brandes, Leslie S. Cruz, Brian Massengill, Anna T. Pinedo
On March 30, 2022, the Securities and Exchange Commission (the “SEC”) proposed new rules and amendments to existing rules and forms (the “Proposed Rules”) addressing the treatment of special purpose…
Cleary M&A and Corporate Governance Watch
SEC SPAC Proposal
By Nick Grabar, Adam Brenneman, Paul J. Shim, Charles W. Allen
On March 30, 2022, the SEC voted 3-1 (Commissioner Peirce dissenting) to propose a package of rules and rule amendments governing special purpose acquisition companies (SPACs), SPAC initial public offerings…
The CLS Blue Sky Blog
SEC Commissioner Dissents on Shell Companies, Projections, and SPACs Proposal
Thank you, Chair Gensler, Renee [Jones], Charles [Kwon], and Jessica [Wachter] for the presentation. The Commission’s 2022 budget request includes additional resources to address “an unprecedented surge in non-traditional IPOs…
The CLS Blue Sky Blog
SEC Chair Gensler on SPACs, Shell Companies, and Projections Proposal
By Gary Gensler
Today [March 30], the Commission is considering a proposal to strengthen investor protections in special purpose acquisition companies (SPACs). I am pleased to support this proposal because, if adopted, it…
Corporate and Securities Law
SEC Proposes Rules Regarding Special Purpose Acquisition Companies, Shell Companies, and Projections
Public Company Advisory Blog
Securities Law Issues for De-SPAC Companies
There are several unique securities law issues faced by companies that go public through a SPAC. These issues result primarily from such companies’ status as former “shell” companies making the…