Month: August 2021

Are SPACs Really “Investment Companies”?

Not according to 49 major law firms! Earlier this month, a shareholder of Pershing Square Tontine Holdings, Ltd., filed derivative litigation against the company’s board, its sponsor and other related companies, contending that the company, a SPAC organized by a billionaire hedge-fund investor, is really an investment company that should […]

SEC Decreases Fee Rates for Fiscal 2022, Which Begins October 1, 2021

Today, the SEC announced that it was reducing the fees it charges issuers to register their securities. In fiscal 2022, the fee rates for registration of securities and certain other transactions will be $92.70 per million dollars, down from $109.10 per million dollars last year. These rates are set each year to […]

Past Event: The New Landscape of Going Public

Axios + Cooley hosted a virtual launch event for the newest Get Smart series, which dug into the details of how and why companies go public, and recent related trends. In addition, we covered the many ways companies have to adjust to maintain trust in the public eye, from navigating market […]

DOJ and SEC file fraud charges against Nikola CEO

Is there anything topical missing from this case? There’s a SPAC. There’s social media. There’s an unorthodox, charismatic CEO. There are electric vehicles. There are hydrogen trucks with drinking fountains using hydrogen fuel cell by-product water produced by the truck—or not. And, there’s a DOJ criminal indictment and an SEC complaint. […]