comparemela.com

Latest Breaking News On - Okapi partner bruce goldfarb - Page 1 : comparemela.com

Recent SEC Comment Letter Looks Under the Hood at SPAC Merger Diligence | Bass, Berry & Sims PLC

To embed, copy and paste the code into your website or blog: You have undoubtedly read about the continuing popularity of special purpose acquisition companies (SPACs).  According to SPACInsider, year-to-date there have been 242 SPAC IPOs, with an average IPO size of $334.9 million. This is remarkable as the next highest year was 2019 when there were 59 SPAC IPOs with an average size of $230.5 million.  See the chart below to show the 2020 spike. As a refresher, SPACs are public shell companies (i.e., blank check companies) formed to use their IPO proceeds to acquire a private company via merger, share exchange, asset acquisition, reorganization or similar business combination within a specific timeframe, usually 18-24 months.  A SPAC structure essentially creates another mechanism through which a private company can go public, along with a traditional firm commitment underwritten offerings, direct listings (becoming more popular), and others.

© 2024 Vimarsana

vimarsana © 2020. All Rights Reserved.