Post De-SPAC public companies saw an unprecedented number of shareholder activism campaigns during the 2021 and 2022 proxy seasons. The vast majority of these campaigns took the form of short attacks and proxy fights against post de-SPAC public companies to replace directors. As market capitalizations of these companies continue to plunge, a rise in another form of activism – hostile M&A – is expected.
Vinson & Elkins is set to offer a webinar presentation and discussion of these issues on Oct. 20 from 1-2 p.m. ET. Register here.