Remove 2015 Remove Corporate Finance Remove Trading Securities
article thumbnail

SPAC Trend Gives Rise to Securities Enforcement and Litigation Risks

Cooley M&A

According to Nasdaq , in 2015, SPACs made up approximately 12% of the IPO market, but by 2020, that number had risen to approximately 53%. In light of the trend, the US Securities Exchange Commission’s Division of Corporation Finance recently issued SPAC disclosure guidance.