24 Jul, 2024 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...
31 Jan, 2024 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...
25 Aug, 2023 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...
03 Aug, 2023 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...
12 Jul, 2023 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...
07 Jul, 2023 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...
26 Jun, 2023 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...