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25Nov

Recent Cases Highlight Supply and Demand Imbalance In the SPAC Market

By mid-2020, special purpose acquisition companies (“SPACs”) had already set records, with over $22 billion in deal value. The massive amount of SPAC capital being raised has created a huge demand for suitable acquisition targets. A SPAC is a shell company with no operations that raises capital in an initial public offering (“IPO”) for the purpose of merging with and taking public an unspecified existing company. This can be a faster and more efficient method of going public than a conventional...
By: Quinn Emanuel Urquhart & Sullivan, LLP
Source Url: https://www.jdsupra.com/legalnews/recent-cases-highlight-supply-and-54508/

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