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05Sep

5 things you need to know about...SPACS

One - SPACs (special purpose acquisition or "blank cheque" companies) have recently regained prominence in the US, with H1 2020 seeing record-breaking levels of activity, both in terms of value (Bill Ackman's $4bn Pershing Square Tontine is the largest SPAC IPO to date, eclipsing previous records) and volume (SPACs accounted for around 30% of all US IPOs in H1 2020). One of the reasons for the revived interest is that experienced founder teams can benefit from a dislocated market to find good...
By: White & Case LLP
Source Url: https://www.jdsupra.com/legalnews/5-things-you-need-to-know-about-spacs-79207/

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