SPAC Trend Gives Rise to Securities Enforcement and Litigation Risks
Cooley M&A
MARCH 2, 2021
Special purpose acquisition companies (SPACs) are on the rise. A SPAC is a publicly traded shell company with no underlying operating business that seeks to merge with a target operating company. According to Nasdaq , in 2015, SPACs made up approximately 12% of the IPO market, but by 2020, that number had risen to approximately 53%.
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