SPAC listings continue to outpace levels seen in any previous year — but regulatory scrutiny might slow the waves of new listings in the months ahead, PYMNTS reports.
Thus far into 2021, as detailed by SPAC Research, there have been more than 300 listings, compared to 248 in all of 2020.
The SEC has meanwhile issued statements on considerations that the commission said should be examined by private companies mulling SPAC transactions. Among those considerations: record keeping and book-keeping germane to the disposition of assets or particulars related to transactions.
The SEC wrote that “It is critical that the board of directors, audit committee (as applicable), management, and auditors of these operating companies fully understand and fulfill their respective professional responsibilities so that companies meet their obligations under the federal securities laws and investors are provided with high-quality financial reporting at the time of the merger and on an ongoing basis in subsequent periods.” Read more.
