U.S. Securities and Exchange Commission building in Washington. Photo: Diego M. Radzinschi/ALM SEC Adopts Stringent Disclosure Rules on Special Purpose Acquisition Companies
"Just because a company uses an alternative method to go public does not mean that its investors are any less deserving of time-tested investor protections," SEC Chair Gary Gensler said.
January 24, 2024 at 04:37 PM
3 minute read
Regulation
The original version of this story was published on National Law Journal
The U.S. Securities and Exchange Commission on Wednesday approved stringent disclosure rules regarding initial public offerings by special purpose acquisition companies, those formed with the intent of buying or merging with existing companies.
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