Since the beginning of the COVID-19 pandemic, SPACs have regained popularity as an attractive option for private companies to go public without using the traditional initial public offering process, write Perrie Weiner and Desirée Hunter-Reay, attorneys with Baker McKenzie.
However, a dramatic increase in SPAC transactions has also led to a rise in private lawsuits and enforcement actions by the Securities and Exchange Commission. To minimize litigation and enforcement risk, counsel must understand the key legal issues and practical considerations involved in each phase of a SPAC transaction.
This article by two leading attorneys specializing in securities litigation and government enforcement provides a deep dive into critical issues facing SPACs from legal and regulatory perspectives. Read more.
