The Harris Beach law firm in a blog post examines the new SEC regulations on SPACs that go into effect July 1.
These include significantly more information about the sponsor, including compensation, the identities of control person(s), lock-up agreements, and actual or potential conflicts of interest. Additionally, the regulations cover additional disclosure relating to potential sources of dilution to investors, such as sponsor compensation, shareholder dilution, underwriting fees, and outstanding warrants. Read more.
