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On April 5, 2012, President Obama signed into law the Jumpstart Our Business Startups Act, which makes significant changes to existing U.S. federal securities laws intended to make it easier for small and emerging companies to conduct public and private securities offerings in the United States
One of the few bright spots in the American equity markets since the onset of the credit crunch in the summer of 2007 has been the significant initial public offering (IPO) activity involving Special Purpose Acquisition Companies (SPACs), also known as blank cheque companies
