Topic
SPACs
324 published works
Securities Law Prof Blog
Goldman Files SPAC Registration Statement
Goldman Sachs joins the crowd and filed a registration statement to underwrite a "blank check" IPO to raise $350 million for Liberty Lane Acquisition Corp. Renamed Special Purpose Acquisition Companies,…
Securities Law Prof Blog
SEC Publishes NYSE Proposal on Listing Standards for SPACs
The SEC published the NYSE proposal to amend the Exchange’s Listed Company Manual (the “Manual”) to adopt listing standards for special purpose companies formed for the purpose of raising capital…
Securities Law Prof Blog
Goldman Plans to Underwrite SPAC Offerings
Offerings of blank check companies -- now upgraded to Special Purpose Acquisition Companies (SPACs) -- are hot, comprising almost 25% of all IPOs in the US last year. Goldman Sachs…
M & A Law Prof Blog
In a chilly IPO market, blank check companies are hot
The Austin American Statesman has an article examining the SPAC phenomenon: In a chilly IPO market, blank check companies are hot. The piece addresses the potential problems with SPACs and…
Securities Law Prof Blog
Nasdaq Seeks SEC Approval to List SPACs
Nasdaq announcced it will seek SEC approval of a rule change to list special purpose acquisition companies (SPACs)and subject them both to NASDAQ's initial listing requirements as well as additional…
Securities Law Prof Blog
SPACs Raise Big Bucks from Investors
SPACs (Special Purpose Acquisition Companies, f/k/a blank check companies) are hot, even though, as former SEC Chair Arthur Levitt puts it, they are "the ultimate in terms of lack of…
M & A Law Prof Blog
Wanted M&A Regulator (Deal Junkies Preferred)
The SEC has posted up on their website the job opening for Brian Breheny - Chief of the Office of Mergers and Acquisitions. The pay is $119,731-$185,393 which is about…
Securities Law Prof Blog
2007 is the Year of Blank Check IPOs
"Blank check" IPOs accounted for nearly 25% of all US IPOs in 2007 -- a total of 66 and a total capital raised of $12 billion. In contrast, in 2006,…
M & A Law Prof Blog
Endeavor Acquisition and The Problems with SPACs
Last week Endeavor Acquistion Corp., the special purpose acquisition company, completed its buy-out of American Apparel, Inc. American Apparel is now a public company almost a year after it first…
M & A Law Prof Blog
GLG Partners Goes SPAC
GLG Partners, the leading European hedge fund adviser with over $20 billion in assets under management, today announced that it would go public in the United States. GLG will accomplish…