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

Summary

This client alert digest discusses the final rules and rule amendments adopted by the Securities and Exchange Commission (SEC) on January 24, 2024, intended to enhance investor protections in initial public offerings (IPOs) by special purpose acquisition companies (SPACs) and in subsequent business combination transactions between SPACs and private operating companies (de-SPAC transactions). This digest includes links to law firm client alerts and insight memoranda discussing the final rules, as well as related content in Practical Guidance.