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 SPAC ipos 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 SPACs and the related de-SPAC transactions as alternative IPOs that should be subject to investor protections that are available to investors 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