SPAC Trend Gives Rise to Securities Enforcement and Litigation Risks
Cooley M&A
MARCH 2, 2021
The SPAC then sells shares of the SPAC company to the public in what is known as a SPAC IPO, and proceeds equal to the amount raised in the SPAC IPO are placed into a trust account. The combined company benefits from the target’s operations and the liquidity of the SPAC’s publicly traded securities. Contributors. Luke Cadigan.
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