Editor’s Note: This blog series is presented in four parts.1 In this fourth edition, the author presents an analysis of the reality of SPAC performance, and its causes. Given the potential advantages to parties involved in a SPAC transaction, it becomes necessary to consider whether these advantages translate into an actual benefit in the real…
Tag: Special Purpose Entities
SPAC: The Mechanics of a Special Purpose Acquisition Company (Part III of IV)
Editor’s Note: This blog series is presented in four parts. In this third edition, the author provides a brief overview of the mechanics of a SPAC transaction. At its most basic level, a Special Purpose Acquisition Company (SPAC) is nothing more than a set of filings with securities regulators. The SPAC, like its…
SPAC: The History of the Form, from Penny Stocks and Blank Check Offerings (Part II of IV)
Editor’s Note: This blog series is presented in four parts. This second installment provides a background on the history of special purpose acquisition companies. The SPAC form had its beginning in a turbulent time for capital markets in the United States. Its earliest predecessor was a type of public offering commonly referred to as…
SPAC: An Introduction to the Special Purpose Acquisition Company (Part I of IV)
Editor’s Note: This blog series is presented in four parts. The first, below, is an introduction to a new strategy in the realm of IPOs, the special purpose acquisition company. On February 29th, 2016, $450 million of investors’ money was raised in the initial public offering of Silver Run Acquisition Corporation.1 At the time…