Delaware Chancery Court still hates SPACs
October 23 2024
Delaware Chancery Court still hates SPACs
A long-serving Delaware Chancery Court judge just compared litigation over so-called blank-check investment vehicles to an anaconda snake that takes a year to digest its food.
The pandemic-era mania for special purpose acquisition vehicles, or SPACs, crested in 2021, when sponsors created 613 new investment vehicles to go on the hunt for private companies ripe for acquisition.
www.reuters.com