SEC Provides Guidance on Determining Investment Company Status in SPAC Rule Release

Who may be interested: Registered Investment Companies, , Investment Advisers Quick Take: Following a 3-2 vote, the SEC adopted final rules to enhance disclosure and provide additional investor protections in IPOs by special purpose acquisition companies (SPACs) and in subsequent business combination transactions between SPACs and their companies ( transaction)…
Source: SEC Provides Guidance on Determining Investment Company Status in SPAC Rule Release