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SEC RIN: 3235-AM90 Publication ID: Fall 2023 
Title: Special Purpose Acquisition Companies 
Abstract:

The Division is considering recommending that the Commission adopt new rules and rule amendments related to special purpose acquisition companies ("SPACs").  The Commission proposed rules and rule amendments intended to enhance investor protections in initial public offerings by SPACs and in subsequent business combination transactions between SPACs and private operating companies. Specifically, the Commission proposed specialized disclosure requirements with respect to, among other things, compensation paid to sponsors, conflicts of interest, dilution, and the fairness of these business combination transactions. 

 
Agency: Securities and Exchange Commission(SEC)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: Undetermined  Unfunded Mandates: No 
CFR Citation: 17 CFR 210.15-01    17 CFR 229.1601 through 1610    17 CFR 230.140a    17 CFR 230.145a    17 CFR 270.3a-10    17 CFR 270.137    17 CFR 230.138    17 CFR 230.139    17 CFR 230.163A    17 CFR 230.164    17 CFR 230.174    17 CFR 230.405    17 CFR 230.419    17 CFR 230.430B    17 CFR 230.437a    17 CFR 239.11    17 CFR 239.31    17 CFR 239.25    17 CFR 239.34    17 CFR 240.12b-2    17 CFR 240.14a-6    17 CFR 240.14c-2    17 CFR 240.14a-101    17 CFR 210.1-02    17 CFR 210.3-01    17 CFR 210.3-02    17 CFR 210.3-05    17 CFR 210.3-14    17 CFR 210.8-02    17 CFR 210.10-01    17 CFR 210.11-01    17 CFR 240.14d-100    17 CFR 249.220f    17 CFR 249.308    17 CFR 229.10    17 CFR 229.601    17 CFR 232.405   
Legal Authority: 15 U.S.C. 77f    15 U.S.C. 77g    15 U.S.C. 77j    15 U.S.C. 77s(a)    15 U.S.C. 77z-3    15 U.S.C. 78c    15 U.S.C. 78l    15 U.S.C. 78m    15 U.S.C. 78n    15 U.S.C. 78o    15 U.S.C. 78w(a)    15 U.S.C. 78mm    15 U.S.C. 80a-6(c)    15 U.S.C. 80a-37(a)    ...   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  05/13/2022  87 FR 29458   
NPRM Comment Period End  06/13/2022 
NPRM Comment Period Reopened  10/18/2022  87 FR 63016   
NPRM Comment Period End  11/01/2022 
Final Action  04/00/2024 
Regulatory Flexibility Analysis Required: Undetermined  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Mark Saltzburg
Division of Corporation Finance
Securities and Exchange Commission
100 F Street NE,
Washington, DC 20549
Phone:202 551-3430
Email: saltzburgm@sec.gov