AUM Media announced that founder Crocker Coulson will be speaking on a panel on “SPAC Incentive Structure” at 4:15 p.m. on June 23rd at The SPAC Conference 2021, the largest gathering of SPAC sponsors, investors, and professional advisors in the world. Coulson will join a panel on “SPAC Incentive Structure” to focus on aligning incentives of SPAC sponsors, target management, PIPE investors, and underwriters with deal success.
“The SEC has expressed considerable anxiety over how the incentives of SPAC sponsors may diverge from those of public shareholders, and unsophisticated public shareholders in particular,” Coulson said. “Among the concerns expressed in the SEC’s recent bulletin of May 25, sponsors may have an incentive to do deals that are unlikely to generate positive returns post-merger as the clock runs out on their deals, but still enable SPAC sponsors to cash out on favorable terms. The sheer volume of SPACs may lead to a shortage of viable targets of significant scale to absorb the capital that these SPAC teams have raised or overpaying for the limited targets that exist.”
The conference will take place June 23rd and 24th at the Westchester Country Club. For registration or virtual attendance information, register here. Media interested in covering the event should contact Beth Amorosi of AUM Media at beth.amorosi@aummedia.org.
Other speakers on the panel include:
- Marc Gabelli, Chairman, and CEO of LGL Systems Acquisition Corp.
- Dave Horin, Managing Partner of Chord Advisors
- Moderator, Steven Nelson, President & Chairman, Continental Stock Transfer & Trust Company
