07Oct
Introducing The Up-SPAC Structure
As the pace of SPAC IPOs continues to set records, evolution of the economic terms has accelerated. We have seen changes to the warrant and promote structure (including “tontine” warrants), call rights motivating cashless exercise of warrants, and warrants in lieu of promote shares. But the SPAC structure itself is also an area ripe for evolution.... Please see full Publication below for more information....
By:
Vinson & Elkins LLP
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