SEC Speaks Out on SPACs, Highlights Legal Liability and Reporting Risks
By EsqSocial Corporation 19/04/21
SPACs seem to be having their moment in the financial world, especially in 2021. In less than three months, U.S.-based SPACs have raised more money – almost $88 billion – than all SPACs combined in 2020 (which held the previous high for SPAC investment by some margin). They have even reached a level of societal notoriety, as shown by this week’s cover of New York Magazine. However, before SPACs and their supporters can carry this trend “to the moon,” the SEC chose this week to release two...
By: Proskauer - Corporate Defense and Disputes