Special purpose acquisition companies (SPACs) raise cash on the stock market and hunt for a private company to take public. They have become the hottest product on Wall Street. What does the future hold for these “blank cheque” vehicles?
Join AIM Summit on 7 December as they go live with Chi-Won Yoon, Chairman of Diginex and Michael Schwartz, Partner at Skadden, Arps, Slate, Meagher & Flom LLP discussing:
- Why a SPAC, as opposed to an IPO
- Pitfalls and Advantages of SPAC
- The economics of a SPAC listing
- What makes SPAC M&A unique as compared to strategic M&A and PE exits
- Jay Clayton's recent remarks about the SEC's increased focus on SPACs as well as the recent rise in interest from plaintiff's firms in the U.S. in deSPAC transactions and how they are linked