Insights5.10.22

A Swipe at PIPEs: SEC Raises Disturbing ‘Underwriter’ Issue for Hedge Funds That Provide De-SPAC PIPE Financing

stocks coins

The SEC has proposed wide-ranging new rules about special purpose acquisition companies (SPACs). The main thrust of the SEC’s proposal is to put a business combination between a SPAC and a private operating company – the so-called “de-SPAC” transaction whereby the operating company is ushered into the public market – on roughly the same disclosure and liability footing as a traditional IPO. [i]

Keep Up to Date in a Changing World

Do you want to receive more valuable insights directly in your inbox? Visit our subscription center and let us know what you’re interested in learning more about.
Subscription Banner