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9 Key Takeaways from the SEC s New SPAC Rules
On January 24, 2024, the SEC issued a 581-page release which adopted new rules to govern SPAC IPOs and de-SPAC business combinations. To a largeā¦
United states
Investment companies
Investment company
Will not automatically
Deemed statutory underwriters
Not required
Disclose whether
New disclosure requirements
Extensive but
Projections used
Forward looking statements safe
Target company will
Assume liability
Business combination
Operating company will
Most cases
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