Securities and Exchange Commission concerns over forward-looking disclosures in special purpose acquisition company (SPAC) deals make it important for CFOs keep a tight rein on their financial forecasts, a securities law specialist says.
Staff Statement on Accounting and Reporting Considerations for Warrants Issued by Special Purpose Acquisition Companies (“SPACs”)
In a recent statement, Acting Chief Accountant Paul Munter highlighted a number of important financial reporting considerations for SPACs.
SEC to Wall Street: SPACs Aren’t a Way Around Securities Laws
The U.S. Securities and Exchange Commission has a fresh warning for the booming SPAC market: Blank-check companies aren’t an end-around to avoid disclosing key information to investors.