On January 24, 2024, the Securities and Exchange Commission (“SEC”) adopted final rules 1 that impose significant additional procedural and disclosure requirements on initial public offerings by special purpose acquisition companies (“SPACs”) and in business combination transactions involving SPACs (“de-SPACs”). The rules will become effective 125 days after publication in the Federal Register. It is possible, however, that the rules may be subject to a legal challenge and the effective date could be delayed.
For further information, please contact:
Brian V. Breheny, Partner Skadden
brian.breheny@skadden.com
