Sectors
Foley & Lardner LLP partner Kevin Shuler is quoted in the Pitchbook article, “SEC votes to ramp up SPAC regulation,” discussing a new set of rules and amendments from the U.S. Securities and Exchange Commission related to special purpose acquisition companies (SPAC).
“This will put a chill on target companies wanting to deSPAC,” Shuler explained. He added that in addition to the added impetus of disclosure, the requirement will hike up the costs of liabilities to the target company and impact its insurance costs.
