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  "documentTitle": "Merging with SPAC",
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  "authorName": "Mayer Brown, PwC",
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      "text": "In recent weeks, various SEC Staff members have commented publicly on SPACs, cautioning private companies: That SPACs are \"shell companies,\" and, therefore, \"ineligible issuers,\" subject to a number of special securities law rules that should be well understood before proceeding with a business combination with a SPAC; Emphasizing that the disclosure requirements and financial statement requirements associated with the proxy or proxy/prospectus required in connection with a business combination with a SPAC is subject to securities liability; Noting that once a private company completes its combination with a SPAC it must be prepared to comply with all of the corporate governance, periodic reporting, and financial reporting (including disclosure controls and procedures and internal control over financial reporting) requirements applicable to public companies; Will there be more to come with the new administration at the SEC?",
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      "text": "SEC Staff statements on SPACs",
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