7/24/2024 11:58:10 PM Nasdaq Proposes to Amend Rule to Limit the Ability of Its Hearings Panel to Give SPACs Additional Time to Complete a Business Combination By Giovanni Caruso On July 15, 2024, the U.S. Securities and Exchange Commission (SEC) published a Nasdaq rule proposal that would amend its rules to...
1/31/2024 9:34:33 PM SEC Makes Clear It Is Serious About SPAC IPO Disclosures By Giovanni Caruso A requirement of the special purpose acquisition company (SPAC) structure is that the management team of a SPAC cannot have...
8/25/2023 6:33:06 PM Will the Excise Tax on Stock Buybacks Make Delaware SPACs an Endangered Species? By Giovanni Caruso Historically, most SPACs were domiciled in Delaware. Since the IRS adopted its new 1% excise tax on stock buybacks (which became...
8/3/2023 1:36:01 PM Are SPAC Extension Terms Improving? By Giovanni Caruso For the last few months, it seems that every day we are seeing additional SPACs seeking to extend their time to complete a business...
7/12/2023 9:05:20 PM Its Not Just SPACs... By Giovanni Caruso In the last 6-8 months, I think those of us in the SPAC market have noticed a significant disconnect in what potential targets are asking...
7/7/2023 4:55:10 PM Nasdaq FAQ Complicates Public Company De-SPACs By Giovanni Caruso On July 6, 2023, Nasdaq published a new FAQ related to de-SPAC transactions. Under this FAQ, if the target company in a de-SPAC is...
6/26/2023 6:13:53 PM What's Next for SPACS? By Mitch Nussbaum SPAC deals have been on fire for 2020 through part of 2022 and have been working through challenges since. With current global economic...