How Are New Excise Taxes Levied Under the Inflation Reduction Act Likely to Impact SPACs?

As if we were not in a deep winter already in market conditions, Special Purpose Acquisition Companies (SPACs) are now facing a significant new hurdle. This is because the recently enacted Inflation Reduction Act (IRA) included a 1% excise tax that could be levied on stock repurchases or buybacks. This applies to publicly traded companies who repurchase […]