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News & Events: SPACS


  • April 27 2021

    Demand for D&O insurance explodes with SPAC-related activity and future litigation concerns

    Demand for directors’ and officers’ (D&O) liability insurance has exploded along with the proliferation in SPAC-related activity in the United States, giving insurers more business but bringing with it some concerns of an elevated, unsized level of litigation risk down the road.

  • April 26 2021

    The SPAC boom has ‘screeched to a halt.’ That may be good thing

    One of the hottest corners of financial markets is getting slightly less manic.  What’s happening: Billionaires, celebrities and athletes have raced to create special-purpose acquisition companies, or SPACs, over the past six months. These “blank check” firms, which raise money from investors and then go hunting for takeover targets, have been flagged as a sign of overexcitement on Wall Street.

  • April 26 2021

    Company tied to football Hall of Fame embraced SPACs and NFT. A tale of two bubbles?

    A company with ties to the Pro Football Hall of Fame in Canton, Ohio, benefited from not only one apparent investment bubble, but from two. Now the air is leaking fast.

  • April 25 2021

    SPAC Insiders Can Make Millions Even When the Company They Take Public Struggles

    Investors who bought into a special-purpose acquisition company that took a healthcare-services company public last year in an $11 billion deal have suffered steep losses. Promoters of the SPAC still stand to make millions.

  • April 19 2021

    SEC Guidance a Serious Threat to SPACs, Law Firms Say

    New guidance from the Securities and Exchange Commission on special purpose acquisition companies (SPACs) is already causing a huge slowdown in the market, according to several prominent law firms.

  • April 19 2021

    Dream Sports to list IPO in US, may raise $1.5 bn through SPAC

    Another Indian tech firm is reportedly working on a US listing by early next year. According to news reports, the 13 year-old sport tech startup firm, Dream Sports may raise $1.5 billion through a special purpose acquisition company (SPAC) or blank cheque company.

  • April 19 2021

    Fifth Wall debuts third SPAC, hopes to raise $250M

    Fifth Wall Ventures, an investment company that focuses on real estate technology, has launched a new special purpose acquisition company, which is a type of firm that is designed to merge with another corporation that wants to go public.

  • April 14 2021

    Grab is going public in $40 billion SPAC deal, the biggest on record

    Southeast Asia’s ride-hailing giant Grab is setting the stage for an eye-popping Wall Street debut.  The Singapore-based startup announced Tuesday that it would merge with a special-purpose acquisition company, or SPAC, backed by Altimeter Capital in a deal that would pave the way for a New York listing and value Grab at about $39.6 billion.

“It’s with genuine appreciation to all of our clients that we are in a position to achieve and maintain our leadership position in so many areas.”