SPAC investors have increasingly taken advantage of their “money-back guarantee” through redemption rights. To keep deals from collapsing, SPAC management teams turn to alternative financing — offering convertible notes, plumping up PIPEs and more. Reuters examines this trend and what it may mean for SPACs in the near term. Read more.
Related Posts
Pakistan Unveils Regulatory Framework for SPACs: Report
A SPAC would be required to hold 90% of its IPO in trust and seal a deal within three years.
SPAC Warrants, Founders’ Shares, PIPEs: What Practitioners Should Know
In this note Financial Executives International addresses the technical accounting classification issue for SPAC warrants that has placed most SPAC filers into limbo and caused the IPO and merger market to seize.
Fenwick’s Going Public Report: H1 2021
The number of tech and life sciences companies going public via SPAC merger climbed 71 percent from the second half of 2020.
Nikola Sells Abandoned EV Pickup Truck Program to Friend of Convicted Founder
News of the deal to sell the Badger program comes just a few weeks after Nikola’s disgraced founder, Trevor Milton, announced plans to try to install Sparks and a slate of other directors on the company’s board. That effort failed.