Topic
SPACs
324 published works
The Milbank General Counsel Blog
SPACs Fuel Hot M&A and IPO Markets – Will SEC Cool the Fire?
By Allan T. Marks, Rod Miller, Iliana Ongun
SPACs, or “blank check” Special Purpose Acquisition Companies, have surged over the past two years, raising over $75 billion (about half the total US IPO market) last year alone. Recent…
The D&O Diary
Are SEC Guidelines on SPAC Projections Ahead?
Is the SEC staff about to issue guidelines specifying that the safe harbor for forward looking statements does not apply to SPAC merger transactions? An April 28, 2020 exclusive report…
SEC Actions
More from the SEC on SPAC IPOs
The question of using a SPAC/Special Purpose Entity/Blank Check Company to become a public entity has come into vogue as the number of IPOs skyrocketed in recent months – as…
Real Bankruptcy Intel
What We’re Reading This Week [April 26, 2021]
By Samuel R. Rabuck, Sean T. Scott, Aaron Gavant
The Wall Street Journal reported that the wave of cash raised by special-purpose acquisition companies (SPACs) is fueling activity in the junk debt market at levels not seen since the…
SEC Actions
IPOs, SPACs, Due Diligence and Preparation
SPAC IPOs are all the rage – at least until now. During the first quarter of this year, for example, there were 298 IPOs involving SPACs. That compares to just…
The D&O Diary
SPAC-Related Securities Suit Survives Dismissal Motion
As I have noted in recent blog posts, there have already been several securities class action lawsuits filed this year related to the current wave of SPAC activity. These recently…
Policyholder Pulse
Navigating the Tightening D&O Insurance Market for SPACs
By Peter M. Gillon, Sean Williams
In the finance world, Special Purpose Acquisition Companies (SPACs) are proliferating like Dutch tulips. This year alone, they’ve exploded in popularity, with multitudes of celebrities, politicians, and influencers sponsoring…
Duff on Hospitality Law
Online Travel Update: Expedia joins other platforms in offering COVID-19 advisory; online distributors pursue public offerings; Booking.com fined over recent data breach reporting
By Greg Duff
While the debate around health care passports continues, our latest Update offers Booking Holdings’ CEO’s perspective on the growing controversy. We also take a look at two major distributors’ plans…
The D&O Diary
Tracking Two Emerging Securities Litigation Trends: SPACs and Supply Chain Disruption
Electric vehicle battery company Romeo Power, which became a publicly traded company through a December 2020 merger with a SPAC, has been hit with a securities class action lawsuit following…
Corporate & Financial Weekly Digest
SEC Statements Regarding SPACs Address Warrants and Projections
By Brian Hecht, Mark J. Reyes, Mark D. Wood
Following the increase in the number of special purpose acquisition companies (SPACs) and the related business combinations between SPACs and private target businesses (commonly referred to as “de-SPAC” transactions), an…