SEC proposes new regulation to boost investor protection in SPAC IPOs
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SEC proposes new regulation to boost investor protection in SPAC IPOs

US Securities and Exchange Commission building SEC.png

The Securities and Exchange Commission (SEC) has proposed new rules that would require enhanced disclosures and investor protections in IPOs via special purpose acquisition companies (SPACs).

The proposed regulations require additional disclosures about SPAC sponsors, conflicts of interest and sources of dilution. The regulator would also require more disclosures around business combination transactions between SPACs and private operating companies, including on the “fairness” of these...

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