9 Sep 2025
📈Nasdaq Proposes Changes to Listing Rules for de-SPAC Transactions
Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing of Proposed Rule Change To Amend Certain Initial Listing Requirements for de-SPAC Transactions
Summary
The SEC published a notice regarding Nasdaq's proposed amendments to initial listing requirements for de-SPAC transactions, aimed at aligning OTC trading SPACs with listed SPACs. The changes are designed to ensure consistent investor protections and improve market operations, simplifying the regulatory landscape for companies engaging in business combinations via SPACs.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule changes modify listing requirements for de-SPAC transactions, aligning OTC traded SPACs with listed SPACs. This adapts regulatory practices similar to traditional IPOs, potentially increasing access to capital for businesses transitioning through SPACs, which can impact their investment strategies and operational structures.