The Securities and Exchange Commission (the “SEC”) announced as part of its agenda for its January 24, 2024 open meeting that it will consider whether to adopt new rules and amendments to disclosures in initial public offerings (“IPOs”) by special purpose acquisition companies (“SPACs”) and in subsequent business combination transactions between SPACs and target companies (de-SPAC transactions). As we have previously blogged, on March 30, 2022, the SEC proposed new rules and amendments to existing rules and forms addressing the treatment of SPACs in connection with their IPOs and subsequent de-SPAC transactions. The proposed rules were the subject of significant industry comment and went far beyond affecting SPACs and de-SPAC transactions. Presumably, the final amendments will take into consideration the many concerns raised by commenters. 

See a link to the meeting agenda here.

See our client alert on the proposed rules here.