(March 9, 2023) - Attorneys at Fried, Frank, Harris, Shriver & Jacobson LLP discuss how a Delaware state court decision created uncertainty with the process that special purchase acquisition companies must use to approve additional Class A shares for de-SPAC mergers. Many SPACs, in connection with de-SPAC mergers, have approved charter amendments authorizing an increase in the number of their authorized shares of Class A Common Stock to facilitate the issuance of shares required for the merger.