SEC Weighs Issuing SPAC Disclosure Guidance, Clayton Says

The U.S. Securities and Exchange Commission is looking at how to improve disclosures for blank-check companies, known as SPACs, SEC Chairman Jay Clayton says in CNBC interview.

• Clayton says the process and incentives in SPAC deals are different than those of traditional initial public offerings
• “We’re looking at that and whether disclosures should be -- we should issue guidance or otherwise try and help companies craft a disclosure,” he says
• Clayton adds that disclosures around SPACs have improved
• Earlier: SPACs Have Raised More in 2020 Than the Last 10 Years Combined

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