1-Hour Program

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Overview

Special Purpose Acquisition Companies (“SPACs”) accounted for 40% of IPOs and 33% of IPO proceeds in the first half of 2020 according to PWC’s “2020: The Halftime Report."  SPACs involve an initial public offering (“IPO”) of a blank check company with no operations but a plan to use the proceeds to acquire or merge with an unspecified target within a time period.  SPACs are sometimes viewed as a way for public investors to participate in deals similar to private equity deals, particularly leveraged buyouts. Join N. Adele Hogan from Hogan Law Associates and Rise B. Norman from Simpson Thacher & Bartlett LLP, as they discuss these securities offerings and merger trends and:

  • SPAC structure, timeline and responsibilities – 10 minutes
  • Merger mechanics – 20 minutes
  • Features of private company merger targets – 10 minutes
  • Advantages of SPACs, legal issues associated with SPACs and minimizing execution risks – 15 minutes
  • Recent changes to SPAC terms and current trends – 5 minutes

 

Program Level:  Update 

Intended Audience:  Attorneys and accountants who deal with SPACs, IPOs, and M&A, including in-house counsel, outside attorneys, regulators, partners of public accounting firms and their staff 

Prerequisites:  None 

Advanced Preparation:  None

Credit Details