Latest SPAC Trends Point To Risk Of Negative Outcomes

By Adam Karageorge, Adrienna Huffman and Monet Lee (June 17, 2022, 6:03 PM EDT) -- The 2020 and 2021 calendar years witnessed a boom in special purpose acquisition companies, with an unprecedented number going public. A SPAC is a shell company created by sponsors — typically private equity, venture capital or hedge fund investors — who raise funds by selling shares of the SPAC through an IPO.

The proceeds raised through the SPAC's IPO are held in a trust and used by the sponsors to identify and acquire a target company. SPACs seek to acquire or combine with an operating company through an initial business combination, and investors rely on the sponsors to execute the business...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!