Sec adopts rules to enhance investor protections relating to spacs, shell companies, and projections

Washington, d.c.--(newsfile corp. - january 24, 2024) - the securities and exchange commission today adopted new rules and amendments to enhance disclosures and provide additional investor protection in initial public offerings (ipos) by special purpose acquisition companies (spacs) and in subsequent business combination transactions between spacs and target companies (de-spac transactions).
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