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|April 23, 2025
Voyager Acquisition Corp. and VERAXA Biotech Announce Business Combination
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|May 6, 2025
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New SEC Guidance: Clawback Checkbox Compliance and De-SPAC Disclosures
On April 11, 2025, the SEC’s Division of Corporation Finance issued six new Compliance and Disclosure Interpretations (C&DIs) regarding (i) clawback-related checkboxes on the cover page of Form 10-K and (ii) disclosure required by Regulation S-K Item 402(w)(2). These C&DIs provide crucial guidance for listed issuers on reporting corrections of errors in financial statements and analyzing the implications for executive compensation recovery.
The SEC staff also added a C&DI addressing whether target companies in de-SPAC transactions may suspend their Section 15(d) reporting obligations after closing.
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