Demystifying SPACs
In 2020, there were 248 SPAC (Special Purpose Acquisition Company) IPOs raising over $83bn, representing approximately one-half of all capital raised by SPACs since 2003. In 2021 to date, there have been another 274 SPAC IPOs raising $80bn, with 419 SPACs in the market searching for acquisition targets.
Paul Tiger and Andrea Basham of Freshfields and Kristin Zimmerman-Sorio, Managing Director M&A division, Morgan Stanley will host a webinar for a practical discussion of trends and developments in recent SPACs and de-SPACs. Topics will include:
- SPAC structure/mechanics
- Key SPAC negotiation points
- New developments in de-SPAC structures
- Considerations for public company boards contemplating the divestiture of a business line to a SPAC
Freshfields Speakers
