D and Z Media President Talks SPACs with Bloomberg

Under the preliminary terms discussed, Byju’s would raise a total of about $4 billion and seek a valuation of about $48 billion.

“My guess is in the next few months the termites will get to the rest of the market,” the 82-year-old co-founder of Boston-based GMO told a conference in Sydney via web-link. The Nasdaq and SPACs have likely peaked, he added.

An increase in potential liability will not only influence the disclosures and communication made by a SPAC, the target, and their respective directors and officers, but also impact the directors and officers liability insurance.

The lawsuit filed in Delaware Chancery Court stems from a combination set to close this month between privately held Matterport and Gores Holding VI Inc., a SPAC sponsored by Gores Group that raised $345 million in its IPO last year.