By Adam Karageorge, Adrianna Huffman and Monet Lee (June 17, 2022, 6:03 p.m. EDT) – Calendar years 2020 and 2021 have seen a boom in special purpose acquisition companies, with an unprecedented number of IPOs. A SPAC is a shell company created by sponsors – usually private equity, venture capital or hedge fund investors – who raise money by selling shares of the SPAC through an IPO.
Proceeds from the SPAC IPO are held in a trust and used by sponsors to identify and acquire a target company. SPACs seek to acquire or partner with an operating company through an initial business combination, and investors rely on sponsors to run the business…
Stay one step ahead
In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas and industries. Law360 provides the intelligence you need to stay an expert and beat the competition.
Access to case data in articles (numbers, filings, courts, nature of lawsuits, etc.)
Access to attached documents such as briefs, motions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and more!