The Securities and Exchange Commission (SEC) recently adopted final rules (available here; also see the fact sheet and press release) representing significant changes to special purpose acquisition companies (spacs), shell companies and the disclosure of projections. These rules aim to enhance disclosures, protect investors and align the regulatory framework for SPACs with traditional IPOs. The following summarizes the key aspects of these rules.
Source: SEC Adopts Final Rules on SPACs, Shell Companies and Projections
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- Source: https://spacfeed.com/sec-adopts-final-rules-on-spacs-shell-companies-and-projections