Given the sheer volume and scale of SPAC listings on the New York Stock Exchange and Nasdaq, SPACs have caught the eye of the US Securities and Exchange Commission (SEC) as well as hungry plaintiffs. Much of the focus to date, from an enforcement and litigation perspective, has been on the adequacy (or inadequacy) of disclosure associated with the business combination transactions entered into by SPACs. However, as the critique of SPACs inevitably increases, we may see disclosure based claims focusing on other areas of the SPAC life cycle.
To continue reading the article, please click here.
This article was originally published by IFC Review