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What’S In The Forecast For The Spac Boom & The Pslra?, Nick Krone
What’S In The Forecast For The Spac Boom & The Pslra?, Nick Krone
SLU Law Journal Online
Special Purpose Acquisition Companies (SPACs) have exploded in popularity. These so-called “blank check” companies are used as vehicles to take companies public without going through a traditional IPO process. Financial projections in SPACs are currently protected by the safe harbor for forward-looking statements afforded by the Private Securities Litigation Reform Act (PSLRA). In this article, Nick Krone examines whether SPACs should be protected by the PSLRA.