A Comprehensive Guide on SPAC Litigation and Enforcement: Hot Buttons Explored

• Review of SPAC litigation trends with an emphasis on 2021
• Review of recent SPAC litigation decisions – Delaware Chancery Court’s decision in the Churchill Capital Corp II litigation
• Updates on the SPAC landscape in 2022 – slowing IPOs, rising redemptions, lower PIPE raises – and implications for SPAC litigation moving forward
• SPAC characteristics that give rise to enforcement risks
• Overview of public statements from the Office of Chief Accounting and the Division of Corporation Finance
• SEC’s enforcement response as illustrated by Stable Road, Nikola, and Akazoo

Runtime: 56 minutes
Recorded: March 9, 2022

For NY - Difficulty Level: For both newly admitted & experienced attorneys

Despite the economic hurdles brought by the pandemic last year, 2021 saw an upsurge of initial public offerings (IPOs) through special purpose acquisition companies (SPACs). The sudden increase, which continued this 2022, has prompted the Securities and Exchange Commission (SEC) to better probe all related activities involving SPACs and ensure that these transactions are compliant with existing laws. While this move meant a safer and more reliable transition for private companies wanting to go public, it has also opened newer risks of litigation and enforcement actions.

Join securities law expert Adrienna Huffman (The Brattle Group) as she brings the audience a comprehensive discussion of recent SPAC-related acquisitions. Adrienna will delve into an in-depth analysis of the current trends, litigation risks, and provide practical compliance strategies for transitioning private companies amidst a rapidly evolving legal climate. Adrienna will also moderate a Q&A with Samantha S. Martin (U.S. Securities and Exchange Commission) for further insights.

This program was recorded on March 9th, 2022.

The Knowledge Group