SPAC Research Webinars

What Do The Proposed SEC Rule Changes Mean For The Future Of SPACs?

May 24, 2022 SPAC Alpha- Dan Dombroski Episode 21
SPAC Research Webinars
What Do The Proposed SEC Rule Changes Mean For The Future Of SPACs?
Show Notes Chapter Markers

Ramey Layne, a capital markets and M&A attorney at Vinson and Elkins, joins us to discuss the recent SEC SPAC proposals. We first give an overview of what the proposals actually are and why they are happening with a timeline of possible events. Ramey then dives into the safe harbor provisions, treatment of SPACs as investment vehicles, and the use of projections for both valuations and marketing purposes.

A crucial part of the discussion focuses around liability: examining who is impacted, unintended consequences, and hedging liability exposure. Ramey also dives into the problems with proxy reform/empty voting and highlights alternative solutions. We cap off the conversation with his thoughts on the future of the SPAC market.

What are the proposed SPAC changes by the SEC?
What is the timeline of these proposals?
Safe harbor
Use of projections
SPAC as investment vehicles
Liability
Who will these changes impact?
Proxy reform/empty voting
Hedging liability exposure
Thoughts on SPACs moving forward