As the blank-check boom rages on, growth-stage companies are increasingly bombarded by SPAC sponsors vying to take them public, PitchBook reports. They can have their pick, but management and boards of the companies considering the SPAC route are discovering that what matters most in a SPAC sponsor isn’t the valuation offered or even operational expertise.
SPAC reverse mergers often involve a PIPE deal. And those side deals are critical to getting a reverse merger done. Read more.
