Posts Tagged ‘spac’
Sichenzia Ross Ference Carmel LLP Represents Ayurcann Holdings Corp. in a Business Combination with Arogo Capital Acquisition Corp.
SEC Issues New SPAC/De-SPAC Rules: A Definitive Guide
On January 24, 2024, the Securities and Exchange Commission (“SEC”) adopted final rules relating to special purpose acquisition companies (“SPACs”). This email just touches on the material aspects of the final rules which consist of 581 pages. You can see the final rule here: https://www.sec.gov/files/rules/final/2024/33-11265.pdf Definitions: “De-SPAC transaction” means a business combination, such as a…
Read MoreDe-SPAC: A Guide to the Process
A de-SPAC, also known as a reverse merger, is a process by which a special purpose acquisition company (SPAC) merges with a private company to take it public. The SPAC raises money from investors by selling shares in its initial public offering (IPO). The SPAC then uses the proceeds from the IPO to acquire a…
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