On January 24, 2024, the SEC adopted new rules that apply to SPAC transactions and the adopted rules largely track the agency's proposals with some notable exceptions. The new rules will become effective 125 days after publication in the Federal Register and will apply to transactions that are ongoing at that time, even if they commenced prior to the effective date. spacs that may still be ongoing on the effective date, or any party considering a new SPAC transaction, should consider the impact of the new rules, which may raise a number of interpretive questions.
Source: SEC Adopts New SPAC Rules
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- Source: https://spacfeed.com/sec-adopts-new-spac-rules
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