The SEC requires disclosure of financial data in a regulated way, and a prospectus that does not use forward looking statements or something akin to that. The

The SEC requires disclosure of financial data in a regulated way, and a prospectus that does not use forward looking statements or something akin to that. The SPAC going public can comply with those rules, because the business of the SPAC is simple (buy another business with the raised capital), and thus there's probably very little friction in their disclosure. Plus it can be done ahead of time - without knowing which company the SPAC might acquire. It's a backdoor IPO basically. The "with little scrutiny" is assumed to be acceptable, because iirc, only accredited investors are investing i SPACs.