Webcast: “SPACs are Back” hosted by The Deal
On June 30, 2020, V&E partner Ramey Layne spoke on a panel titled “SPACs are Back” hosted by The Deal. This webinar reviewed how the SPAC (Special Purpose Acquisition Companies) IPO market has resurged in recent years, and how the reopening of the economy after the COVID-19 crisis has impacted merger and acquisition transactions and IPOs by SPACs.
Panelists discussed the flexibility and attractiveness of the SPAC vehicle, as well has its risks and possible downsides. As of late, the breadth and depth of sponsors interested in the SPAC model has intensified, and given the speed to go public through a SPAC is much faster than a traditional IPO, it’s the opinion of some panelists that it’s no wonder we are seeing more and more businesses using SPACs to try and access the equity capital markets.
Given the volume of these transactions (more SPAC IPOs have taken place than traditional IPOs at the time of this recording), will this trend continue?
Watch the full webinar here.
To read more about SPACs, download our primer here.
This information is provided by Vinson & Elkins LLP for educational and informational purposes only and is not intended, nor should it be construed, as legal advice.