SPACs in the UK – De-SPAC Transactions to be Permitted in UK Without Suspension: UK Financial Conduct Authority to Amend the UK Listing Regime to Enhance the Attractiveness of London as a Potential Listing Venue for SPACs

Sullivan & Cromwell LLP - July 30, 2021

On July 27, 2021 the FCA published a policy statement setting out its planned amendments to the Listing Rules to remove the presumption of suspension that applies to special purpose acquisition companies (SPACs) when a potential acquisition target is identified, subject to certain investor protection features. These changes are geared towards making the London Stock Exchange a more attractive listing venue for SPACs and are due to take effect August 10, 2021.

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