Legal News

What’s the Deal? Special purpose acquisition companies (“SPACs”), commonly referred to as “blank check companies,” are public shell companies that use their initial public offering (“IPO”) proceeds in order to acquire private companies within a specific timeframe (this acquisition is commonly referred to as an “initial business combination” and the merger or combination transaction is often referred to as the “de-SPACing transaction”). Although SPACs have existed for decades, merging into a...
By: Mayer Brown Free Writings + Perspectives