SEC Adopts Rules on Special Purpose Acquisition Companies, Shell Companies, and Projections: Client Alert Digest

The SEC adopted rules and rule amendments on January 24, 2024, that impose a considerable amount of new disclosure requirements for special purpose acquisition companies (SPACs) relating to sponsors, conflicts of interest, de-SPAC transactions, and more. The SEC also eliminated the use of the Private Securities Litigation Reform Act blank check companies safe harbor for SPACs, set minimum dissemination period for Forms S-4 and F-4, and made other changes aligning SPACs with traditional IPOs. Read this article for more details about the changes, effective dates, and links to further resources.

Read now »

Related Content

• Special Purpose Acquisition Companies
  Take a deeper look at SPACs and how they work.

• Top 10 Practice Tips: PIPE Transactions by SPACs
  Get insights into private investment in public equity transactions for SPACs.

• PIPE Transactions
  Understand the process and requirements of this alternative financing option.

• Form S-4 Disclosure for Business Combinations
  Register securities as part of a merger or exchange offer.

Practical Guidance Updates 
Featuring the latest updates from your Practical Guidance account. 

• For related Practical Guidance content on important recent trends, please review these easy-to-use Resource Kits on a variety of emerging topics:

• • Generative Artificial Intelligence (AI) Resource Kit
  • Environmental, Social, and Governance (ESG) Resource Kit
  • Public Interest, Pro Bono, and Non-Profit Resource Kit

• Practical Guidance Journal Winter Edition features Generative AI’s explosive impact on the law and legal practice. Explore developments covering Generative AI in discovery, data security, and intellectual property. Also review new private market data for real estate and labor & employment practitioners.
• Listen Up! The Practical Guidance and Law360 Podcasts Resource Kit features interviews with industry-leading attorneys on cutting edge issues in the law: NFTs, Cannabis, COVID-19, and more.
• Check out our Practical Guidance Author Center! Learn about the 2000+ leading attorney authors contributing to our 26 practice areas, and find out how you can Become a Practical Guidance Author. Practical Guidance is committed to amplifying diverse voices of attorneys across all differences, including gender and race.

PRACTICAL GUIDANCE CUSTOMER EMAIL EDITION ON THE WEB

Experience results today with practical guidance, legal research, and data-driven insights—all in one place.

Experience Lexis+