Capital Markets & Securities Law Watch

For the past several years, many private companies looking to “go public” utilized special purpose acquisition companies (SPACs) instead of traditional IPOs as an alternate route to the public markets. 

On January 24, 2024, the Securities and Exchange Commission (the SEC), following a 3-to-2 vote of the SEC’s Commissioners, announced the adoption of new final rules and amendments intended to enhance disclosures and provide additional investor protections in initial public offerings (IPOs) by special purpose acquisition companies (SPACs) and in subsequent business combination transactions between SPACs and target companies (de-SPAC transactions).