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House Releases Draft Legislation Eliminating SPAC Safe Harbor for Forward Looking Statements

The rise of special purpose acquisition companies (SPACs) as a popular alternative structure for taking a company public in the past year has caused increased regulatory scrutiny surrounding the SPAC structure. On May 24,...more

SEC’s New Guidance on Liability Risks Likens SPACs to IPOs

John Coates, Acting Director of the Division of Corporation Finance at the U.S. Securities and Exchange Commission (SEC), issued a public statement providing insight into the SEC’s views on the application of federal...more

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