US Securities and Exchange Commission (sec) Chair gary gensler led an open meeting on January 24, 2024, hosting discussions that evaluated the potential benefits and pitfalls associated with the adoption of proposed rules aimed at increasing disclosure requirements and enhancing investor protections in the context of Special Purpose Acquisition Companies (SPACs) initial public offerings (ipos), and in subsequent combination transactions consummated between SPACs and target companies, i.e., de-SPAC transactions.
Source: Open Meeting Report: SEC Approves SPAC Final Rules in 3-2 Vote