Key Enforcement Risks For SPAC Parties Amid SEC Scrutiny
By Nicole Rabner, Elizabeth Mitchell and Lorraine Echavarria (April 2, 2021, 2:41 PM EDT) -- In the face of volatile markets and a global pandemic, an old capital markets vehicle has been taking the markets by storm: special purpose acquisition companies, or SPACs.
Although SPACs have been around for many years, the volume and profile of these deals have exploded in the past 12 months, and regulator interest is expected to increase proportionately.
Indeed, the U.S. Securities and Exchange Commission has signaled that it intends to enhance its scrutiny of SPAC transactions and resulting public operating companies.
In late March, the SEC's Division of Enforcement reportedly sent requests to various financial institutions focused on their SPAC...
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!