Key considerations for target companies in a SPAC merger
By EsqSocial Corporation 14/04/21
What is a SPAC, and where does it fall on the path to liquidity? Private companies that are looking for a liquidity option or a path to go public might consider merging with a Special Purpose Acquisition Company (SPAC). A SPAC is a type of blank-check company formed by a sponsor that first goes public through an initial public offering (IPO) and then uses the IPO proceeds to combine with a target company after becoming public. Described below are some advantages and disadvantages that a target...
By: Thompson Coburn LLP