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Mark Brod Quoted in Law360 on SEC’s Proposed Rules for SPAC Transactions
04.01.22
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Corporate Partner Mark Brod was quoted in a Law360 article titled, “SPACs Could Face More Litigation Risks Under SEC Proposal,” which explored the SEC’s recently proposed rules governing de-SPAC transactions, which would make a number of changes to the current regime governing SPACs and de-SPAC transactions, including increasing potential liability for de-SPAC transaction participants. Mark noted that the proposed rules reflect that the “SEC seems much more comfortable with companies going public via the traditional IPO process.” He further explained how, from a regulatory perspective, the SEC is “trying to make the ‘de-SPAC’ process look much more like the traditional IPO process, and to impose the same potential securities law liability and the same limitations on making forward-looking statements as in traditional IPOs.”
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