Special-purpose acquisition companies (SPACs), also known as “blank-check companies,” have recently reemerged as a feasible acquisition vehicle for many private companies. The sole purpose of SPACs is to purchase other companies by raising capital through initial public offerings (IPOs). This type of investment provides considerable advantages to firms and investors such as public listing, capital sourcing, flexible ownership and control, as well as specialized expertise from a SPAC sponsor.
However, although SPACs provide unique benefits and significant investment opportunities, companies and practitioners must still be wary of the potential risks this type of investment brings.
Listen as experienced commercial litigation attorneys Adam Karageorge (The Brattle Group) and Kevin E. Manz (King & Spalding LLP) offer a comprehensive discussion of the pros and cons of SPACs. Speakers will also talk about the current and emerging SPAC investment trends as well as address how to maximize relevant opportunities while mitigating risk issues.
This program was recorded on March 15th, 2022.