As SPACs continue to barrel through 2020 at top speed, SEC has taken notice and we’ve already seen a number of remarks focusing on sufficient disclosure from Chair Clayton and Commissioner Lee. One area that does not seem to be getting full level of disclosure is the pricing of directors and officers (D&O) insurance
Yelena Dunaevsky (Woodruff Sawyer)
Are You Covered? Insurance Options for SPACs
SPACs continue to be the hot topic of the day. Over a course of what seems like a few months they have catapulted from being a questionable fringe financial vehicle to the most talked-about, fashionable fundraising and investment alternative to IPOs. Much has been written about their structure, their positives and their negatives, and, of…