Warrington’s Ritter and Gahng cited in SEC proposal on SPACs

A paper authored by Warrington Ph.D. student Minmo Gahng, Cordell Eminent Scholar Jay Ritter and alumnus Donghang Zhang (Ph.D. ’02) of the University of South Carolina Darla Moore School of Business was cited as part of the U.S. Securities and Exchange Commission’s (SEC) proposed rule changes to special purpose acquisition companies (SPACs). 

Specifically, the SEC is proposing specialized disclosure requirements with respect to, among other things, compensation paid to sponsors, conflicts of interest, dilution, and the fairness of these business combination transactions.

Read more about the SEC’s proposed changes in its press release. The full proposed rule changes can be found on the SEC’s website.