In The Press September 22, 2021

SPAC Business Combinations: An Alternative To Traditional IPOs (Securities & Commodities Regulation)

SPACs are formed to raise capital in an initial public offering (“IPO”) with the purpose of using the proceeds from the IPO to acquire an unspecified business after the IPO. The net SPAC IPO proceeds, a portion of the underwriting discount, and a portion of the concurrent private placement proceeds are held in a trust account until released to fund the business combination (as defined below). Read more in this by-line in Securities & Commodities Regulation from Goodwin Technology partner Jeffrey Letalien here.