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To embed, copy and paste the code into your website or blog: SPACs short for special purpose acquisition companies recently have drawn significant interest by companies and executives as a more seamless method to conduct an initial public offering. Often referred to as blank check companies, SPACs provide a vehicle by which companies may raise funds from public markets through initial public offerings (IPOs) that take a company from private to publicly listed. Unlike traditional IPOs, which often involve private companies that have developed over time, SPACs are shell companies when they become public and have no underlying operating business and no assets apart from cash and other limited investments. SPACs also have, in the SEC s words, distinct risks associated with investing in them. [1] These risks include conflicts of interests that SPAC sponsors may have, meaning that the sponsors economic interests may diverge from shareholders. [2] In addition, SPACs are not all

Mark schoeff jrGodoy prenticePaul munterJody godoy chris prenticeGary genslerTom zankiJay claytonAuditing considerations of companiesDivision of corporationDivision of corporation finance marUs senateInvestor bulletinWall streetCorporation financeActing chief accountant paul munterKnow about