Foley & Lardner LLP Partner Louis Lehot was quoted in a Crunchbase News article titled, “The Market Minute: The Clock Is Ticking For SPACs – Here’s What Happens When They Can’t Seal A Deal,” discussing the stacked pipeline of SPACs searching for targets and a challenging macroeconomic environment that has largely stalled new public stock offerings.
Lehot commented, “SPACs will have to hustle harder than ever to get deals done. Otherwise, they have to look at their options. SPACs that are approaching their deadlines have roughly four options.”