4 ms·
> don't let them list. How exactly do you intend to do that? Remember the law is like code, not something you can rearrange on a whim. There's no legal distin
by boeingUH60 3y ago
> don't let them list.
How exactly do you intend to do that? Remember the law is like code, not something you can rearrange on a whim.
There's no legal distinction of a SPAC. It's just a company like any other listing on the public markets. The better solution is to increase reporting and listing requirements for the companies they're merging with. The merger process should become exactly as it is with traditional IPOs; S-1 filings, roadshows, lockup periods, etc.
- deleted 3y ago[deleted]
- MR4D 3y agoListing requirements are managed by the Exchanges + the SEC (and Congress if needed). One example of SEC proposed rules is here: [0] It's easy to do. [0] - https://www.sec.gov/files/33-11048-fact-sheet.pdf https://www.sec.gov/files/33-11048-fact-sheet.pdf