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...
26 Jan, 2024 New SPAC Rules Adopted by the SEC By Giovanni Caruso On January 24, 2024, the U.S. Securities and Exchange Commission (SEC) adopted some of the rules relating to special purpose acquisition...
25 Jan, 2024 SEC to Consider Adopting New SPAC Rules on January 24, 2024 By Giovanni Caruso Twenty-two months after publishing proposed new rules for special purpose acquisition company (SPAC) transactions (click here for the...
17 Nov, 2023 Nasdaq Reaffirms Position that a Former SPAC Executive Can Be Considered an Independent Director on Post-Business Combination Board By Giovanni Caruso Earlier this month, Nasdaq reaffirmed and expanded its previous guidance that former SPAC executives can be considered independent...
31 Oct, 2023 Correctly Identifying Electronic Disclosure Submissions to Nasdaq By Giovanni Caruso Earlier this month, Nasdaq put out guidance (FAQ Identification Number 1864) for companies on completing its electronic disclosure form....
06 Oct, 2023 What Not to Base Projections On By Giovanni Caruso The U.S. Securities and Exchange Commission (SEC) has been focused on projections provided in connection with special purpose acquisition...
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...
11 Aug, 2023 Will Executive Order Lead to a Response from the CSRC? By Giovanni Caruso On August 9, 2023, President Biden issued an executive order prohibiting Americans from investing in some Chinese industries beginning...
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...