U.S. SEC Proposes Boosting Blank-Check Company Disclosures, Liability

Reuters, Mar. 30, 2022–Michelle Price
Wall Street’s regulator on Wednesday unveiled a draft new rule to enhance blank-check company investor disclosures and to strip them of a legal protection which critics say has allowed the shell companies to issue overly optimistic earnings projections.
https://www.reuters.com/legal/litigation/us-sec-set-unveil-tighter-rules-blank-check-companies-2022-03-30/