SPACs Under Attack – Litigation and Enforcement Risks from SPAC IPO Through De-SPAC

2020’s SPAC IPO explosion will inevitably lead to some underwhelming de-SPAC transactions and failures to consummate any transaction at all.  This in turn will lead to increases in SPAC-related litigation and enforcement activity, embroiling not only SPAC sponsors but also the directors and officers of de-SPAC acquisition targets and the continuing public entities that take over target businesses.  The SEC has already expressed its intent to increase regulatory scrutiny in this area and the Securities Class Action Clearinghouse recently began tracking SPAC suits as a distinct category of shareholder litigation.

This program covers the following stages and elements of the SPAC process:

• SPAC IPO registration statements
• De-SPAC proxy statements
• Potential de-SPAC registration statements
• Financial projections
• Redemption of SPAC shares
• De-SPAC deadlines
• Post-SPAC public status

For more information and to register, please see the event page.