Sign in with Google
bullish
SPACs in a New Era
SUMMARY
Under new U.S. Securities and Exchange Commission rules, U.S. SPACs and their acquisition targets will have increased legal responsibility for disclosing projected earnings and other important information.
The Commission, split 3-2, approved the proposal despite opposition from Republican members who feared it might limit a useful investment tool.
- Gary Gensler, the U.S. Securities and Exchange Commission chairman, stated that the new rules are intended to align SPACs more closely with traditional IPO regulations, emphasizing equal investor protections for both.
Related Insights
More »Loading
Trending Collections
More »Loading
Trending Insights
More »Loading
Top Unpaywalled Insights
More »Loading
Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to:
- Unlock research summaries
- Follow top, independent analysts
- Receive personalised alerts
- Access Analytics, Events and more
Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.
Upgrade later to our paid plans for full-access.
or
Already have an account? Sign In Now
Discussions
(Paid Plans Only)
x