Technical Line - Navigating the requirements for merging with a special purpose acquisition company
Overview
Our Technical Line has been updated to reflect the SEC’s recently adopted new and amended rules that are intended to more closely align the requirements and legal obligations of parties involved in de-SPAC transactions with those of parties involved in traditional initial public offerings (IPOs). The updated publication discusses the key accounting and reporting requirements SPACs and companies considering merging with a SPAC should be aware of, including new disclosures for SPAC IPOs and de-SPAC transactions, among other related changes.
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