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).
Among other things, 2020 will be remembered as a year that saw a boom in the use of Special Purpose Acquisition Companies (SPACs) as a robust alternative to an initial public offering (IPO).
Ernst & Young will be hosting a SPAC webinar on September 23, 2020 at 11 AM EDT. During this webcast, Ernst & Young will review the latest trends driving this rise in SPAC transactions.