In connection with the surge in transactions involving special purpose acquisition companies (SPACs), the SEC has turned its focus to SPAC-related matters, releasing several statements entities should consider.
The SEC’s Office of the Chief Accountant (OCA) and the Division of Corporation Finance (DCF) recently issued statements highlighting issues to be considered by SPACs and companies that have merged or are considering merging with a SPAC.
On April 12, 2021, the OCA and DFC staff issued a joint statement that:
On March 31, 2021, the OCA issued a broad statement discussing:
On March 31, 2021 the DCF staff issued a statement discussing: