Special-purpose acquisition companies (SPACs) are in vogue today as a way for investors and public companies to mitigate public market volatility and risk. But what risks and opportunities do they pose? We’ll discuss:
• The history of SPACs and conditions and trends driving 2020’s record-breaking pace of SPAC use.
• Traditional IPOs vs. SPACs—important differences between the two paths to public, including practical issues and considerations.
• Lifecycle of a SPAC from inception through merger consummation and as a newly public operating company.
• Tax considerations of a SPAC target company.
Participants will explore the pros and cons of SPACs and consider factors that could help them decide if a SPAC is a viable exit strategy.