SPAC Regulation Could Require More Disclosure Rules

Stradling Shareholder Rick Frimmer was quoted in the article, “SPAC Regulation Could Require More Disclosure Rules,” published by the Venture Capital Journal. The article discusses how the SEC has issued guidance on the SPAC market, and many believe that more regulation is on its way. “The SEC never liked blank check companies,” Frimmer said. “If enough of these [SPACs] collapse, then the SEC might tighten the rules and require, for instance, that X percent of the funds initially raised have to be committed to an identifiable investment,” Frimmer said. “That could be something they would do.” 

Read the full article below.