Hot SPAC Market Increases SEC Scrutiny and Litigation Risks
By EsqSocial Corporation 04/05/21
The market has seen a boom in the last two years for emerging companies going public through the use of special-purpose acquisition companies (SPACs). SPACs are attractive vehicles for allowing a private company to gain quicker access to public capital and avoid the traditional initial public offering (IPO) process. A SPAC starts as a public company through a traditional IPO but has no operations. The SPAC raises public funds under the premise that it will use those funds to find a target...
By: Bass, Berry & Sims PLC