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The report examines SPAC securities litigation since 2016.
SPAC Accounting Fixes Drive Restatements to 15-Year High
The number of financial statement corrections totaled 1,470 last year, the largest number since 2006.
What the SEC Is Not Saying About SPACs: Report
The SEC is making decisions and issuing guidance about SPACs that may be based on misconceptions, Bloomberg Law reports, citing Daniele D’Alvia, CEO of SPACs Consultancy in London, and Milos Vulanovic, associate professor at EDHEC Business School in France. They question why the SEC is not issuing new improvements for traditional IPOs.