In this microtalk video, An Overview of Special Purpose Acquisition Companies (SPACs), Eddie Best provides a brief overview of special purpose acquisition companies (SPACs).
Visit our MB Microtalk page for more topics and talks.
Mortgage Market Developments and Becoming a Public Company
December 14, 2020 Webinar
2:00 p.m. – 3:00 p.m. EST
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In recent months, there have been a number of mortgage originators and servicers that have joined the ranks of SEC reporting companies. Some have gone public relying on a traditional IPO. While others have taken a different, and increasingly popular, alternative path
Becoming a US Public Company: The New Three-track Process
December 1, 2020 Webinar
11:00 am EST – 12:00 pm EST
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Following IFLR’s publication of A Deep Dive into Capital Raising Alternatives, this webinar will discuss the new dynamics in the US capital markets. Despite the pandemic, the US IPO market in 2020 has been quite active, exceeding 2019 in the
A Deep Dive Into Capital Raising Alternatives: IFLR’s New Book and Free Webinars
In the International Financial Law Review’s latest publication, A Deep Dive Into Capital Raising Alternatives, Mayer Brown provides context on the changes in market structure and market dynamics that led to the enactment of the JOBS Act. Specifically, the trend for many private companies to remain private longer, defer or dispense with traditional
Comparing a Reverse Merger and a SPAC Business Combination
This chart is intended to compare and contrast in summary form some of the considerations for a private company considering merging into an existing public operating company in a reverse merger or entering into a business combination with a special purpose acquisition company (“SPAC”). In particular, reverse mergers into operating companies with failed clinical programs
Update on the PIPE Market
Private investment in public equity (“PIPE”) transactions completed in 2020* have raised over $53.0 billion, in aggregate, in 1055 transactions. This is the largest sum of capital raised in PIPE transactions since 2008. While industrials companies (chemicals, metals, mining and paper-focused companies) lead the market by number of PIPEs completed, the 323 deals in this
PIPE & Other Capital Raising Transactions in Connection with De-SPACing
November 5, 2020 Webinar
2:00 p.m. – 3:00 p.m. EST
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To mitigate the risks associated with redemptions, as well as to provide additional capital for the continuing public company, most de-SPAC transactions are now accompanied by a PIPE transaction. Marketing the PIPE transaction to potential investors alongside the de-SPACing also may be
Going Public in the US by Merging into a SPAC: Weighing the Pros & Cons
November 2, 2020 Webinar
9:00 a.m. to 10:00 a.m. EDT
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SPACs continue to grow in popularity and significance in the US. Despite COVID-19, US capital markets remain active for SPAC IPOs. Many emerging companies are receiving indications of interest from SPACs seeking acquisition candidates. Our session focuses on helping management teams and boards
PIPE Transactions in Connection with SPAC Initial Business Combinations
More and more SPACs are choosing to undertake PIPE transactions in connection with their initial business combinations. The capital raised in the PIPE transaction, which closes concurrent with the closing of the initial business combination, helps to mitigate the risks associated with potential SPAC stockholder redemptions. In addition, as SPACs undertake larger initial business combinations,
How Much is That D&O Premium? Eye-Popping D&O Price Increases Confound SPAC Sponsors
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