Topic
SPACs
324 published works
Free Writings + Perspectives
Equity Line Financings: Practical and Legal Considerations
September 7, 2022 Webinar 3:00pm – 4:00pm EDT Register here. Many SPACs and former SPACs, as well as other mid-cap public companies, are considering financing through equity line financing arrangements.…
The D&O Diary
Online Lottery Company Hit with First SPAC-Related Securities Suit Filing Since May
Although the filing of SPAC-related securities lawsuits has been one of the important securities litigation stories so far this year, the filing this past week of yet another SPAC-related securities…
Securities Law Exchange
Reverberations Felt from SEC’s SPAC Proposal Even Before Rules Are Adopted
In March 2022, the Securities and Exchange Commission (SEC) proposed sweeping new rules to regulate the disclosures and liabilities associated special purpose acquisition companies (SPACs). The proposing release is available…
The D&O Diary
SPAC Execs Allegedly Misrepresented Target Company’s Business to Complete Deal
According to the latest statistics from SPACInsider, there are currently over 580 SPACs seeking merger partners. Financial media reports have already speculated that many of the searching SPACs may not…
Bench & Bar of Minnesota
SPAC-tacular—The rise of SPACs and corresponding developments in securities litigation
By Minnesota State Bar Association
By Bryce Riddle and Kyle WillemsSpecial purpose acquisition companies (SPACs) are shell companies that raise capital in initial public offerings for the purpose of merging with or acquiring a privately…
The CLS Blue Sky Blog
How SPACs Disable Indirect Investor Protection
Special Purpose Acquisition Companies (SPACs) are a trap for unwary investors. In standard public equity securities, even the most naïve investor is protected, first, by the market price – you…
The D&O Diary
Derivative Suit Alleges SPAC Merged with Company Outside the Targeted Industry
In an article published last month, the Wall Street Journal chronicled the difficulties that many of the SPACs launched during the SPAC IPO frenzy in late 2020 and early 2021…
Cleary M&A and Corporate Governance Watch
Cleary Provides Comments on Underwriter Provisions of SEC SPAC Proposal
In March 2022, the SEC proposed a package of rules and rule amendments governing special purpose acquisition companies (SPACs), SPAC initial public offerings (IPOs) and SPAC mergers with a target…
Free Writings + Perspectives
Comment Letters on Proposed Rules on SPACs
On March 30, 2022, the US Securities and Exchange Commission (“Commission”) proposed new rules and amendments to existing rules and forms (the “Proposed Rules,” see summary) addressing the treatment of…
The D&O Diary
Quantum Computing Company Hit with SPAC-Related Securities Suit After Short-Seller Report
In the latest SPAC-related securities class action lawsuit filing, a plaintiff shareholder has filed a securities suit against IonQ, a quantum computing company that became a publicly traded company in…