Derek Kearns Featured in Axios Article: “SEC’s Blank-Check Rules Coincide With Market Slump”

The Securities and Exchange Commission (SEC) introduced fresh regulations and changes on January 24, 2024, aimed at improving transparency and bolstering investor safeguards during initial public offerings (IPOs) involving special purpose acquisition companies (SPACs) and subsequent business combinations between SPACs and target firms (de-SPAC transactions).

Centri’s Derek Kearns, Partner and SEC & Financial Reporting Practice Leader, was interviewed by Axios on the ruling and featured in their article, “SEC’s Blank-Check Rules Coincide With Market Slump.” Derek discussed 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, making it “less of a sudden shock to the system.” 

Centri discussed this proposed rule in May 2022, noting that a significant volume of comments from the public could delay the issuance of the final ruling. Due to the complexity of these transactions, it is likely that the SEC considered substantial feedback from interested parties.

For more information, contact us to learn how our expertise in SPAC and De-SPAC transactions can help your business navigate the new rules.

Derek Kearns

Partner | SEC & Financial Reporting Practice Leader | CPA

Derek is a Partner at Centri Business Consulting and the leader of the firm’s SPAC Practice. He has more than 23 years of accounting experience in both public and private industries. He joined Centri in September 2020 and...

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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