SEC is scrutinizing SPAC projections, seeks clearer disclosures
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Saul Loeb | AFP | Getty ImagesThe SEC is eyeing potentially misleading earnings projections made by SPAC sponsors and is seeking clearer disclosures, with one official hinting Thursday that the agency may issue a future rule to rein them in ... SPAC use and popularity have soared over the past six months, John Coates, acting director of the Securities and Exchange Commission's Division of Corporation Finance, said in a note Thursday ... VIDEO4:3304:33Former SEC Chairman Harvey Pitt on SEC scrutinizing SPACsSquawk BoxFor one, the SEC is eyeing filings and disclosures made by SPACs and their private targets, Coates said.
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