Foley partner Louis Lehot moderated a panel about the outlook for Special Purpose Acquisition Companies (SPACs) in 2022 and beyond at the California Lawyers Association 2022 Annual Meeting on Sept. 17.
The panelists — Kristin Snyder from Debevoise & Plimpton, Michelle Gasaway from Skadden, Selwyn Whitehead, and Alexander Lee from Cooley — discussed the origins, rationale and outlook for SPACs through the lens of the regulatory, corporate finance, tax and social impact perspective of each of the speakers.
The conversation covered how a SPAC is formed, initially structured, capitalized and financed, how a SPAC initially raises capital and obtains a public listing, the anatomy of a de-SPAC transaction, the PIPE market, the life of a post-de-SPAC public company, and regulatory initiatives.
The panelists drilled down deep into each of the factors that made SPACs a phenomenal success in 2020, and which inevitably led to the challenges facing SPACs in 2022.
Presentation materials can be found here.
A link to our e-book on SPACs can be found here.
You can learn more about CLA’s annual meeting here.
Foley’s California based corporate attorneys are committed to supporting investors, sponsors, directors and executives of public and private companies and investment funds throughout the entrepreneurial journey and in all stages of investment. Together with our Innovative Technology team, we work with clients from garage to global, with practical, strategic and commercial legal solutions that make sense.