A Special Purpose Acquisition Company (SPAC) is a type of publicly traded investment vehicle that is created specifically to acquire or merge with another company. SPACs are also sometimes called “blank check companies” because they are set up with the sole purpose of raising capital through an initial public offering (IPO) to later identify and merge with an existing private company.
Calidi Biotherapeutics and First Light Acquisition Group Investor Presentation
The Investor Presentation for the Calidi Biotherapeutics and First Light Acquisition Group merger is available.
AMEX Global Business Travel and Apollo Strategic Growth Capital Investor Presentation
The Investor Presentation for the AMEX Global Business Travel and Apollo Strategic Growth Capital merger is available.
[Webinar] When the Dust Settles: A Closer Look at the SPAC Boom and Potential Litigation to Follow
In this webinar, Adam Sisitsky moderates a panel of Mintz litigation attorneys including Nancy Adams, Jack Sylvia and Kristen White as they explore the rising risk of litigation and regulatory enforcement facing SPACs and the individuals that lead them.
Clarity Emerges in the Aftermath of the SEC Statement on SPAC Warrant Accounting: A Roadmap for the Changes to Permit Equity Classification
On April 12, 2021, the Acting Director of the SEC’s Division of Corporation Finance, John Coates, and Acting Chief Accountant of the SEC, Paul Munter, released a statement on accounting and reporting considerations for warrants issued by SPACs.
Enjoy Technology and Marquee Raine Acquisition Corp. Investor Presentation
The Investor Presentation for the Enjoy Technology and Marquee Raine Acquisition Corp. merger is available.
Report: SPACs and De-SPACing: Considerations for Going Public Through a Combination with a SPAC
In the last year, there has been an unprecedented surge of special purpose acquisition company (SPAC) formations. This has attracted a lot of attention to the SPAC space, from the sponsor side (traditional private equity firms, athletes, and celebrities) to the investor side (hedge funds and retail traders).
SPAC FAQs: SEC Staff Statement on Accounting Issues for SPAC Warrants
The recent statement by the Staff of the SEC (the Staff Statement) will likely impact almost every SPAC or post-de-SPAC entity with warrants in its structure
Super Group and Sports Entertainment Acquisition Corp. Investor Presentation
The Investor Presentation for the Super Group and Sports Entertainment Acquisition Corp. merger is available.
Singapore Exchange Consults on Proposed Listing Framework for SPACs
The proposal covers broad admission criteria; conditions for founding shareholders, the management team, and controlling shareholders; and business combination requirements.
SPACs: An Overview on the Latest Investment Trend
n recent years, Special Purpose Acquisition Corporations (SPACs) have become a favourite of the corporate finance and M&A industry. SPACs are publicly-traded shell companies that raise capital in an initial public offering (IPO), usually via a combination of shares and warrants.
Grab and Altimeter Growth Corp. Investor Presentation
The Investor Presentation for the Grab and Altimeter Growth Corp. merger is available.
Staff Statement on Accounting and Reporting Considerations for Warrants Issued by Special Purpose Acquisition Companies (“SPACs”)
In a recent statement, Acting Chief Accountant Paul Munter highlighted a number of important financial reporting considerations for SPACs.
AeroFarms and Spring Valley Acquisition Corp. Investor Presentation
The Investor Presentation for the AeroFarms and Spring Valley Acquisition Corp. merger is available.
Interest in SPACs—Special Purpose Acquisition Companies—is booming…and so is the risk of litigation.
Following these ten steps will prepare SPAC boards, sponsors, and advisors for the likely shareholder suits and potential regulatory investigations that are increasingly becoming part of the SPAC landscape.
SEC Statement: Financial Reporting and Auditing Considerations of Companies Merging with SPACs
In recent years, we have seen significant market developments and innovation in our capital markets, with a variety of structures being utilized to raise capital and facilitate taking private companies public.
SPAC Litigation Alert: Kwame Amo v. MultiPlan
On March 25, 2021, a shareholder of MultiPlan Corp. f/k/a Churchill Capital Corp III (“New Company”) filed a class action complaint alleging various breach of fiduciary duty claims stemming from a special purpose acquisition company, or “SPAC,” business combination transaction against the New Company, its board of directors (“Board”), and other related parties.
Lilium and Qell Acquisition Corp. Investor Presentation
The Investor Presentation for the Lilium and Qell Acquisition Corp. merger is available.
WeWork and BowX Acquisition Corp. Investor Presentation
The Investor Presentation for the WeWork and BowX Acquisition Corp. merger is available.
SPACs: Are You Really Ready To Commit?
SPAC transactions are on a meteoric rise. In 2020, there were approximately 250 SPACs that, combined, raised $76 billion and made up almost half of all Initial Public Offerings (IPOs) for the year.