SEC Throws Another Wrench into Wall Street’s SPAC Machine

April 13, 2021/in blank check company, Business Moves & Mergers, corporate securities liability, initial public offering (IPO), National News, Securities and Exchange Commission, spac insurance, spac liability, Special Purpose Acquisition Companies (SPACs) /by wpmaddoxins

U.S. regulators are throwing another wrench into Wall Street’s SPAC machine by cracking down on how accounting rules apply to a key element of blank-check companies. The Securities and Exchange Commission is setting forth new guidance that warrants, which are …

SEC Warns SPACs Aren’t a Way to Avoid Securities Laws

April 9, 2021/in blank check company, Business Moves & Mergers, corporate securities liability, initial public offering (IPO), National News, Securities and Exchange Commission, spac liability, Special Purpose Acquisition Companies (SPACs) /by wpmaddoxins

The U.S. Securities and Exchange Commission has a fresh warning for the booming SPAC market: Blank-check companies aren’t an end-around to avoid disclosing key information to investors. In a Thursday statement, a top SEC official made clear that despite their …