Key Highlights – – SPAC IPO activity has declined but de-SPAC transactions have proven resilient. – U.S.-listed SPACs are searching for targets internationally, creating opportunities for Canadian companies. – Key considerations for de-SPACs include transaction structure, tax treatment and finding the right Canadian target. – A Plan of Arrangement is a unique Canadian process that may be included in a cross-border de-SPAC.
Source: Canada Cross-Border De-SPAC Transactions: What U.S.-Listed SPACs and Canadian Companies Need to Know