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SPAC Trend Gives Rise to Securities Enforcement and Litigation Risks

Cooley M&A

SPACs are predicted to be an even higher percentage of the 2021 market share, with SPACs representing 79% of the January IPOs. In light of the trend, the US Securities Exchange Commission’s Division of Corporation Finance recently issued SPAC disclosure guidance.

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The SEC’s equities overhaul: Necessary plumbing changes or a liquidity drain?

The TRADE

“Proposals to reduce and harmonise tick sizes across exchanges and off-exchange venues make sense but must be appropriately calibrated to prevent any adverse impact on price discovery and lit liquidity,” says Edward Monrad, head of corporate strategy at Optiver. According to 606 reports gathered by the SEC, Citadel Securities forked out $2.6