Centri’s Derek Kearns Featured in CFO Brew: New SEC Regs Won’t Squash SPACs

Centri’s Partner and SEC & Financial Reporting Practice Leader, Derek Kearns, is featured in a CFO Brew Article: New SEC Regs Won’t Squash SPACs. Within the article, Derek discusses the impact of the SEC’s January 2024 new rules and amendments for SPACs related to IPOs and de-SPAC transactions. Special Purpose Acquisition Companies (SPACs) are now obligated to provide additional information regarding sponsor compensation, dilution risk, conflicts of interest, and other areas, and their target companies may face greater legal liability.

Derek mentions how the new rules are in line with comments from the SEC on documents that SPACs and target companies have been submitting over the last two years. He was quoted as saying that the regulations “are really more of a formalization of things that have been happening over the past couple of years.” Centri discussed this proposed rule in May 2022 and has been keeping a close eye on related SEC comments. Derek was also quoted on this topic in a recent article by Axios.

If you are looking to go public, considering a capital markets transaction, or looking to enhance current SEC financial reporting and compliance processes, Centri is ready to support you with a team of cross-industry experts who will advise you and your business through every step of the process. We will help build an IPO or capital markets plan as well as help mitigate the accounting and financial risks that come with IPO preparation to ensure that your business has a seamless and successful public market entrance. Contact us to learn more about how Centri can help your company with its IPO preparation or recurring SEC financial reporting and compliance.

Derek Kearns

Partner | SEC, Financial Reporting & SPAC Practice Leader | CPA

Derek is a Partner at Centri Business Consulting and the leader of the firm’s SEC, Financial Reporting, & SPAC Practice. He has more than 23 years of accounting experience in both public and private industries. View Derek Kearns's Full Bio

About Centri Business Consulting, LLC

Centri Business Consulting provides the highest quality advisory consulting services to its clients by being reliable and responsive to their needs. Centri provides companies with the expertise they need to meet their reporting demands. Centri specializes in financial reportinginternal controlstechnical accounting researchvaluationmergers & acquisitions, and tax, CFO and HR advisory services for companies of various sizes and industries. From complex technical accounting transactions to monthly financial reporting, our professionals can offer any organization the specialized expertise and multilayered skillsets to ensure the project is completed timely and accurately.

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