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News & Events: SPACS


  • January 29 2024

    Leaner SPAC Market Expected In Wake Of Tougher SEC Rules

    The U.S. Securities and Exchange Commission’s passage of tougher new rules governing special-purpose acquisition companies won’t kill this alternative funding vehicle, several attorneys said Wednesday, though stricter oversight will likely accelerate trends toward a leaner market dominated by larger players.

  • January 25 2024

    SPAC Risk Update with Doug Ellenoff: What to Expect in 2024

    For the first SPAC Notebook of 2024, I was pleased to speak once again with Doug Ellenoff, the founder of Ellenoff Grossman & Schole and someone who has been at the forefront of the SPAC market since its inception. In addition to evaluating SPAC activity in 2023, we looked at what to expect for this year.

  • January 24 2024

    SEC Adopts Rules to Enhance Investor Protections Relating to SPACs, Shell Companies, and Projections

    The Securities and Exchange Commission today adopted new rules and amendments to enhance disclosures and provide additional investor protection in initial public offerings (IPOs) by special purpose acquisition companies (SPACs) and in subsequent business combination transactions between SPACs and target companies (de-SPAC transactions).

  • June 26 2023

    Restaurant chain Pinstripes to go public via $520 million SPAC deal

    Restaurant chain Pinstripes, which offers Italian food along with bowling and bocce, said on Friday it will go public through a merger with a blank-check firm in a deal valued at about $520 million and plans to list on the New York Stock Exchange around the end of the fourth quarter.

  • June 22 2023

    Adam Dooley’s SPAC to Merge With Debt Servicer Unifund

    Dooley launched the SPAC in 2021, with the goal of acquiring wealth management firms. It now plans to take Unifund, a consumer debt servicer, public in a $238 million deal.

  • June 21 2023

    U.S. securities regulator hits top SPAC auditor with $10 million fine

    The U.S. Securities and Exchange Commission (SEC) on Wednesday slapped Marcum LLP with a $10 million penalty for standards violations and systemic quality control failures in its audit work for hundreds of special purpose acquisition companies, or SPACs.

  • June 06 2023

    Alternative asset specialist Beneficient set to complete $3.3 billion SPAC merger

    Beneficient is set to go public this week with a blank-check vehicle in a deal valuing the financial services firm at about $3.3 billion, a source familiar with the matter said on Tuesday.

  • June 01 2023

    Why Dealmaker Betsy Cohen Believes SPACs Will Make A Comeback

    The longtime banking entrepreneur and fintech investor made a fortune helping companies go public through reverse mergers before the market cratered. Here’s why she hasn’t given up on the out-of-favor financing vehicle.

“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.”