News & Analysis as of

Proposed Regulation Special Purpose Acquisition Companies (SPACs)

Mintz - Securities & Capital Markets...

Proposed Treasury Regulations Provide Guidance on Stock Buyback Excise Tax for Redemptions and M&A Transactions

On April 12, 2024, the Treasury Department and Internal Revenue Service (IRS) issued proposed Treasury Regulations (REG-115710-22) providing comprehensive guidance for applying the one-percent excise tax owed on corporate...more

Proskauer - Tax Talks

Proposed Regulations Issued on the Excise Tax on Repurchases of Corporate Stock

Proskauer - Tax Talks on

On April 9, 2024, the Department of the Treasury (“Treasury”) and the Internal Revenue Service (the “IRS”) issued two sets of proposed Treasury Regulations related to section 4501, REG-115710-22, which provides guidance on...more

White & Case LLP

SPACs are overcoming expectations

White & Case LLP on

SPACs have never faced such a challenging environment, for a number of reasons. The overhang of the SEC’s proposed regulations regarding misleading financial projections have had a significant ripple effect. It is now...more

Holland & Knight LLP

SPAC Update: Tremors Felt from Proposed SPAC Rules as Investment Bank Signals Retreat

Holland & Knight LLP on

In a little more than a month, the SEC's proposed special purpose acquisition company (SPAC) rules have started to reshape the market landscape. In a concise statement issued on May 9, a prominent investment bank announced it...more

Mayer Brown Free Writings + Perspectives

SPACs Face Legislative Scrutiny: House Financial Services Committee Advances Two SPAC-Related Bills

Two pieces of legislation aimed at imposing additional regulations on special purpose acquisition companies (“SPACs”) were recently introduced in the US House of Representatives.  ...more

McDermott Will & Emery

Five Things a CFO of a Recently De-SPAC’ed Company Should Know About the Biden Made in America Tax Plan

McDermott Will & Emery on

CFOs of recently de-SPAC’ed* and newly public companies face significant challenges. High on the list is the recently released Made in America Tax Plan, through which the Biden administration proposed significant changes to...more

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