Authors

Nick Krone

Files

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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

What’s in the Forecast for the SPAC Boom & the PSLRA?

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