SPAC Trend Gives Rise to Securities Enforcement and Litigation Risks
Cooley M&A
MARCH 2, 2021
A SPAC is a publicly traded shell company with no underlying operating business that seeks to merge with a target operating company. This combination is commonly referred to as the initial business combination or the de-SPAC transaction. What is a SPAC. Special purpose acquisition companies (SPACs) are on the rise.
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