Analysis

Regulators Are Keeping A Close Eye On SPAC Disclosures

Law360 (October 9, 2020, 2:31 PM EDT) -- The boom in special purpose acquisition companies hasn't escaped the eye of the U.S. Securities and Exchange Commission, as evidenced by its recent guidance affirming that companies that go public through such vehicles should follow similar disclosure rules that apply to most public companies.

The SEC recently clarified that companies that go public through a SPAC, also known as a blank-check company, must wait 12 months until they become eligible to file short-form registration statements, which provide a quicker way to raise additional capital compared with a full registration statement. This benefit of faster registration is typically made available to public companies...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!