SEC Discloses Its Recommendations on Key Issues for Private Companies Weighing SPAC Transactions
By EsqSocial Corporation 09/04/21
On March 31, the Securities and Exchange Commission’s Division of Corporation Finance published a staff statement which outlines accounting, financial reporting, and governance issues that private companies should consider before completing a SPAC transaction. The statement is relevant in that it represents the SEC’s first public statement on the advance planning steps it recommends private companies undertake before weighing whether to go public via a combination transaction with a SPAC....
By: Mintz - Securities Litigation Viewpoints