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On March 30, 2022, the Securities and Exchange Commission (SEC) proposed new rules affecting Special Purpose Acquisition Companies (SPACs). If adopted, the proposed rules would represent a.

United statesPurpose acquisition companiesInvestment companyShell company investorsExchange commissionShell company business combinations as salesCorporation lawBusiness combinations involving shell companiesDetermination of smaller reporting companySafe harbor under the investment companySpecial purpose acquisition companiesPrivate securities litigationReform actGeneral corporation lawPublic equityCo registration requirement would increase