Proposed Listing Standards Allow SPACs to List on the New York Stock Exchange

March 24, 2008
New York Stock Exchange LLC has proposed rule changes to its Listed Company Manual to allow the listing of special purpose acquisition companies (SPACs). If approved by the SEC, the rule change would allow for SPACs to list on the NYSE for the first time. This update explains the proposed rule change in detail, including minimum listing requirements, supplemental listing requirements, and factors the Exchange would consider on a case-by-case basis to determine suitability.