United States:
SPAC Chat: Busting Common Myths About SPACs (Podcast)
To print this article, all you need is to be registered or login on Mondaq.com.
Special Purpose Acquisition Companies (SPACs) are taking over
Wall Street as more and more companies are taking advantage of this
alternative IPO strategy. However, SPACs didn't always have the
best reputation, with many analysts warning against their growing
popularity. Grab a cup of coffee and listen as leading SPAC
attorneys from Mintz discuss and debunk the four most common myths
about these transactions.
Tom Burton, Jeff Schultz, and Sa Surmeli have handled some of
the hottest multibillion-dollar SPACs this season, including XL
Fleet, Butterfly Network, and Canaccord Genuity's Environmental
Impact Acquisition Corp. Listen to them bust the following most
common myths about SPACs:
1. SPAC is a four-letter word.
2. SPACs are the same as IPOs.
3. SPACs are faster and cheaper than traditional IPOs.
4. SPACs only enrich sponsors at the expense of others.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Corporate/Commercial Law from United States
Private Equity Comparative Guide
Walkers
Private Equity Comparative Guide for the jurisdiction of Cayman Islands, check out our comparative guides section to compare across multiple countries
2021 SEC Examination Priorities
Winston & Strawn LLP
On March 3, 2021, the Securities and Exchange Commission's ("SEC") newly renamed Division of Examinations (the "Division") released its annual list of examination priorities for 2021.
The Evolving Duties Of US Directors
Mayer Brown
US directors are put at increasing risk of liability in today's culture of compliance, particularly as regulators worldwide sharpen their focus on the corporate board's role in a company's affairs.
The Ripples Behind The SPAC Wave
Proskauer Rose LLP
The past year saw a burst in popularity of SPACs. More than half of companies that went public in 2020 did so using a SPAC on their way to raising over $80 billion in proceeds, and so far in 2021...
