{"id":7549,"date":"2024-10-10T16:01:18","date_gmt":"2024-10-10T20:01:18","guid":{"rendered":"https:\/\/seci.wpenginepowered.com\/?p=7549"},"modified":"2024-10-10T16:01:23","modified_gmt":"2024-10-10T20:01:23","slug":"corpfin-updates-spac-co-registrant-details-in-faqs-for-voluntary-submission-of-draft-registration-statements","status":"publish","type":"post","link":"https:\/\/seciblog.pli.edu\/index.php\/corpfin-updates-spac-co-registrant-details-in-faqs-for-voluntary-submission-of-draft-registration-statements\/","title":{"rendered":"CorpFin Updates SPAC Co-Registrant Details in FAQs for Voluntary Submission of Draft Registration Statements"},"content":{"rendered":"

On September 16, 2024, CorpFin updated its FAQs<\/a> for companies that submit draft registration statements for nonpublic review. The JOBS Act provided this nonpublic review process for Emerging Growth Companies, and in 2017 CorpFin announced it would provide a nonpublic review option for many other companies.\u00a0 The current update to the related FAQs makes a change for SPAC transactions.<\/p>\n

The SECs Final Rules for SPACs created a requirement for companies acquired by a SPAC to be a co-registrant in a de-SPAC transaction registration statement.\u00a0 The update addresses when a co-registrant\u2019s CIK and related information should be included in the EDGAR process:<\/p>\n

(19)\u00a0Question:<\/em><\/strong><\/p>\n

If a registrant uses the confidential submission process to submit a draft registration statement in connection with a de-SPAC transaction, when should it include any co-registrant\u2019s CIK and related submission information in the EDGAR Filing Interface?<\/p>\n

Answer:<\/em><\/strong><\/p>\n

In EDGAR Release 24.3, EDGAR was enhanced to allow co-registrants on draft registration statement submissions. See Section 7.2.1\u00a0Accessing the EDGARLink Online Submission<\/em>\u00a0of the EDGAR Filer Manual. The primary registrant must include the co-registrant\u2019s CIK and related submission information in EDGAR when it submits the draft registration statement. See Section 7.3.3.1\u00a0Entering Submission Information<\/em>\u00a0of the EDGAR Filer Manual. The draft registration statement must also contain the information required by the applicable registration statement form, including required information about the target company. Co-registrants do not need to separately submit the draft registration statements or related correspondence in EDGAR.<\/p>\n

One interesting aspect of these FAQs is that finding them is a bit of a treasure hunt.\u00a0 Beyond the \u201cWhat\u2019s New<\/a>\u201d notice on September 16, this Announcement<\/a>, most recently updated on June 24, 2020, has a link to the FAQs.<\/p>\n

As always, your thoughts and comments are welcome.<\/p>\n","protected":false},"excerpt":{"rendered":"

On September 16, 2024, CorpFin updated its FAQs for companies that submit draft registration statements for nonpublic review. The JOBS Act provided this nonpublic review process for Emerging Growth Companies, and in 2017 CorpFin announced it would provide a nonpublic review option for many other companies.\u00a0 The current update to the related FAQs makes a … Continue reading CorpFin Updates SPAC Co-Registrant Details in FAQs for Voluntary Submission of Draft Registration Statements<\/span> →<\/span><\/a><\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[256],"tags":[],"coauthors":[154],"class_list":["post-7549","post","type-post","status-publish","format-standard","hentry","category-sec-news"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/posts\/7549","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/comments?post=7549"}],"version-history":[{"count":0,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/posts\/7549\/revisions"}],"wp:attachment":[{"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/media?parent=7549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/categories?post=7549"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/tags?post=7549"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/seciblog.pli.edu\/index.php\/wp-json\/wp\/v2\/coauthors?post=7549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}