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Description
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.
Publication Date
1-29-2022
Document Type
Article
Keywords
PSLRA, SPAC, Nikola Corporation
Disciplines
Business Organizations Law | Law | Securities Law
Recommended Citation
Krone, Nick, "What’s in the Forecast for the SPAC Boom & the PSLRA?" (2022). SLU Law Journal Online. 89.
https://scholarship.law.slu.edu/lawjournalonline/89