SEC Slaps SPAC for Hiding Preliminary M&A Talks: Lessons for Other Public Companies | SPAC Feed

On January 25, 2024, the SEC announced the settlement of cease-and-desist proceedings against northern star investment corp. ii, a special purpose acquisition company (SPAC). 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.

Source: SEC Slaps SPAC for Hiding Preliminary M&A Talks: Lessons for Other Public Companies

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• Source: https://spacfeed.com/sec-slaps-spac-for-hiding-preliminary-ma-talks-lessons-for-other-public-companies