Topic
SPACs
324 published works
Corporate & Securities Law Blog
Ninth Circuit Applies Birnbaum Rule to Affirm Dismissal of Claims by SPAC Investors Asserted Against Target Company Executives for Pre-Merger Statements
In Max Royal LLC v. Atieva, Inc., No. 23-16049, 2024 U.S. App. LEXIS 19910 (9th Cir. Aug. 8, 2024), the United States Court of Appeals for the Ninth Circuit affirmed…
SEC Actions
Trump Media Merges with SPAC In Wake of Enforcement Action
A special purpose acquisition company or SPAC is typically formed with the purpose of effecting a merger. Before SPACs were known as such – they are a relatively recent phenomenon…
The D&O Diary
Medical Device Company Hit with SPAC-Related Securities Lawsuit
In my recent review of the 1H24 securities class action litigation filings (here), I noted that SPAC-related securities suits were less of a factor in the overall number of suit…
The CLS Blue Sky Blog
When SPACs Go Overseas
By Ekaterina E. Emm, Bo Han, Bochen Li
Special purpose acquisition companies (SPACs) are shell companies formed with the sole purpose of raising capital through initial public offerings (IPOs) and using the proceeds to acquire private operating companies.…
The D&O Diary
1H24 Securities Suit Filings Project YE Totals Ahead of Last Year’s Pace
The number of federal court securities class action lawsuit filings in the year’s first half reflected a filing pace that projects year-end numbers ahead of last year’s full-year totals. According…
Free Writings + Perspectives
The SPAC Life Cycle: Business, Legal, and Accounting Considerations Forum 2024
April 15, 20249:00 a.m. - 5:30 pm EDT This program, hosted by PLI and chaired by Mayer Brown partner, Eddie Best, provides a comprehensive discussion of special purpose acquisition companies…
The D&O Diary
Two-Fer: SPAC-Merged Company Hit With COVID-Related Securities Suit
As readers know, in recent years I have been tracking two securities class action litigation filing trends: the filing of SPAC-related lawsuits, and the filing of COVID-related lawsuits. In a…
Free Writings + Perspectives
SEC Rulemaking Trends to Watch in 2024
The year already began with a stir—a divided SEC adopted final rules addressing the treatment of special purpose acquisition companies (SPACs). The SEC took into account only a number of the…
Free Writings + Perspectives
Podcast on Final SPAC Rules
On January 24, 2024, as we previously posted, the Securities and Exchange Commission (SEC) finalized the rules for special purpose acquisition companies (SPACs). Anna Pinedo, joined Yelena Dunaevsky, Senior Vice President, Transactional…
Governance & Compliance Insider
The SEC Amends Policy on Economic Projections, and Issues Final Rules and Additional Guidance for SPACs and Shell Companies
As discussed in more detail in our eUpdate published today, the SEC on January 24, 2024 adopted final rules amending the disclosure and registration requirements applicable to special purpose acquisition…