The SEC Adopts New Rules for SPACs

On January 24, 2024, the U.S. Securities and Exchange Commission (“”) adopted new rules governing initial public offerings (“”) of special purpose acquisition companies (“SPACs”) and subsequent combinations between SPACs and operating companies (“ transactions”). The SEC's original proposals in March 2022 generated substantial public comment. The final rules, reflected in a 581- page release, were narrowly approved on a 3-2 vote of the Commissioners and will take effect 125 days after publication in the Federal Register.
Source: The SEC Adopts New Rules for SPACs