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Structure for SPACs: SEC Publishes Final Rules

Harvard Corporate Governance

Related research from the Program on Corporate Governance includes SPAC Law and Myths (discussed on the Forum here ) by John C. In that interim period, the volume of SPAC IPOs and de-SPAC transactions have declined meaningfully for a variety of reasons. Coates, IV. Overview On January 24, 2024, the U.S.

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Weekly Roundup: April 22-28, 2022

Harvard Corporate Governance

SEC Rules Would Make SPAC Process More Burdensome than Traditional IPOs. SPACs Remain in the SEC’s Crosshairs. The Corporate Calendar and the Timing of Share Repurchases and Equity Compensation. Liability for Non-Disclosure in Equity Financing. Posted by Derek Dostal, Pedro J. The SEC’s Proposed Rules for P4P Disclosures.

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Skadden Discusses Final SEC Rules on SPACs and De-SPACs

Reynolds Holding

On January 24, 2024, the Securities and Exchange Commission (SEC) adopted final rules that impose significant additional procedural and disclosure requirements on initial public offerings (IPOs) by special purpose acquisition companies (SPACs) and in business combination transactions involving SPACs (de-SPACs).

Finance 45
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SEC Chair Gensler on SPACs, Shell Companies, and Projections Proposal

Reynolds Holding

Today [March 30], the Commission is considering a proposal to strengthen investor protections in special purpose acquisition companies (SPACs). SPACs present an alternative method to go public from traditional IPOs. I don’t just mean the first stage — when the blank-check company goes public (which I call the “SPAC blank-check IPO”).

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Avila Energy Corporation announces the signing of a Non-Binding Letter of Intent with Insight Acquisition Corp to combine with the Company

Benzinga

The parties to the LOI have agreed to negotiate the terms of a Transaction, including a Definitive Business Combination Agreement, on an exclusive basis through February 24, 2023, at which point IAC may extend such term for an additional 15 calendar days. The parties may also further extend such term on a mutually agreeable basis.

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Southland Holdings and Legato Merger Corp. II Announce Merger

Benzinga

"Legato II's Board and I are excited to be able to partner with Southland's management team, who have been industry leaders for nearly 30 years," said Eric Rosenfeld, Legato II's Chief SPAC Officer. "We The pro forma combined company is valued at 5.6x

EBITDA 40
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Davis Polk Discusses Reopening of Comment Period for SEC’s Dodd-Frank Clawback Rule

Reynolds Holding

According to its data, “little r” restatements may account for roughly three times as many restatements as “Big R” restatements in 2021, after excluding restatements by special purpose acquisition companies (SPACs).