SEC Signals Enhanced Scrutiny of SPAC Transactions
By EsqSocial Corporation 05/04/21
On March 31, 2021, the SEC’s Division of Corporation Finance and Acting Chief Accountant issued separate public statements concerning Special Purpose Acquisition Companies (“SPACs”). In these recent statements, the SEC is putting private companies on notice of the myriad of regulatory requirements they will be subject to after becoming public companies. Whether coordinated or not, these statements continue to signal the SEC’s increased scrutiny of SPAC transactions....
By: Foley & Lardner LLP