Treat Like as Like? SEC Adopts Final Rules for SPAC IPOs and de-SPAC Transactions

As we previously posted, the Securities and Exchange Commission held an open meeting this morning to consider and vote on whether to adopt final rules regarding and business combinations (de-SPAC transactions).  During the open meeting, Chair Gensler citing Aristotle, noted yet again a desire to treat “like as like” and, in that vein, to consider and the related de-SPAC transactions as alternative IPOs that should be subject to investor protections that are available to in traditional IPOs—including as it relates to disclosures and gatekeeper protections.
Source: Treat Like as Like? SEC Adopts Final Rules for SPAC IPOs and de-SPAC Transactions