SEC Slaps SPAC for Hiding Preliminary M&A Talks: Lessons for Other Public Companies
JD Supra: Mergers
FEBRUARY 6, 2024
The SEC alleged that the company failed to disclose preliminary de-SPAC negotiations with a target company in its IPO prospectus and falsely disclosed that it had not identified any potential targets or engaged in substantive discussions. II, a special purpose acquisition company (SPAC).
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