Davis Polk submits comment letter to SEC on special purpose acquisition companies rule proposals
In March 2022, the SEC proposed a sweeping set of rules relating to SPACs, SPAC IPOs and de-SPAC transactions that the SEC indicated would ensure “greater transparency and more robust investor protections” with respect to these transactions.” Today we submitted a comment letter to the SEC welcoming certain aspects of the proposals, but also raising concerns that the proposals go well beyond disclosure requirements and depart from the SEC’s historical mission of ensuring adequate disclosure.
This communication, which we believe may be of interest to our clients and friends of the firm, is for general information only. It is not a full analysis of the matters presented and should not be relied upon as legal advice. This may be considered attorney advertising in some jurisdictions. Please refer to the firm's privacy notice for further details.
Copy link to share post