SEC Proposed Rule Release 33-11048: Special Purpose Acquisition Companies, Shell Companies, and Projections -
On March 30, 2022, the U.S. Securities and Exchange Commission (SEC) proposed a series of rules and amendments...more
On July 13, 2021, the U.S. Securities and Exchange Commission (SEC) announced a settlement with special purpose acquisition company (SPAC) Stable Road Acquisition Corp. (SRAC), its CEO, its sponsor, SRC-NI, and SRAC's...more
In light of the dramatic upswing in the use of special purpose acquisition companies (SPACs), the staff of the Securities and Exchange Commission (SEC) has issued several public statements highlighting concerns and issues...more