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De-SPACs Transactions Must Satisfy Governance Reporting Standards, Says Lawyer

07 Feb 2021

Morrison & Foerster partner Ruomu Li was quoted in the article "De-SPACs Transactions Must Satisfy Governance Reporting Standards, Says Lawyer" by Thomson Reuters Regulatory Intelligence.

Businesses that opt to use a special purpose acquisition company (SPAC) to go public must still satisfy all of the disclosure and reporting standards in the jurisdiction in which they are listed, a senior lawyer has warned. SPAC transactions provide some advantages as an alternative to initial public offerings (IPOs) but they are not a magic wand and still have onerous compliance obligations attached, said Ruomu Li, a partner at the U.S. law firm Morrison & Foerster.

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