Download Full Text (347 KB)
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.
PSLRA, SPAC, Nikola Corporation
Business Organizations Law | Law | Securities Law
Krone, Nick, "What’s in the Forecast for the SPAC Boom & the PSLRA?" (2022). SLU Law Journal Online. 89.