Stephen Blake, litigation partner with Simpson Thacher & Bartlett LLP's Palo Alto office. SPAC Action Met With Litigation and Regulatory Reaction
Consistent with Newton's Third Law, the SPAC boom has seen an significant reaction from regulators, civil plaintiffs, academics and commentators of all stripes.
September 29, 2021 at 07:25 PM
9 minute read
SPACs—special purpose acquisition companies—have continued to be a topic du jour for securities and M&A lawyers throughout 2021. Indeed, SPACs have been booming all year. According to SPACInsider, there have been over 430 SPAC IPOs this year, on track to double 2020 and almost 10 times 2019's total, and over 70 SPACs have announced business combination transactions.
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