SEC Adopts Tough New Rules for SPACS: New Guidance for All Companies on Projections

On January 24, 2024, the SEC approved by a 3-2 vote new rules to substantially change the disclosure and liability regime governing SPACs, including de-SPAC transactions, or “SPAC target IPOs” as referred to by Chairman Gensler.
Source: SEC Adopts Tough New Rules for SPACS: New Guidance for All Companies on Projections