Webinar Recording: Webinar Series Part 1: SPACs: What They Are, Why They Were Popular, and the Issues They Now Face

SPAC transactions saw a big growth in popularity in late 2020 and early 2021 and were viewed by some as an easier way to raise IPO money.  While the SPAC-craze slowed down in the second half of 2021 and early 2022, there remain over 600 SPACs that went public in 2020 and 2021 that are currently seeking merger partners. 

The SPAC process involves a number of public disclosures, each of which is subject to SEC scrutiny and exposes the company to securities litigation risk.  The de-SPAC transaction, which involves disclosures regarding the target’s business operations, financial projections and historic operations, is the most fraught with risk in the SPAC life-cycle from a securities litigation perspective.  Thus, as the 600+ SPACs that went public in 2020 and 2021 near the deadline to close a transaction, we expect to see an increase in SPAC litigation. 

Join Seyfarth Shaw for a two-part webinar series as our panel of securities litigators discuss SPAC transactions. Our panel provides an overview on SPACs and discuss litigation risks and ways to minimize those risks. To register for Part 2 of the series on June 23, click here.

Speakers

Greg Markel, Partner, Seyfarth Shaw

Daphne Morduchowitz, Partner, Seyfarth Shaw

Matthew Catalano, Associate, Seyfarth Shaw